外文翻译
原文
Foreign Trade of China
Material Source: Wanfang Database
Author: Hitomi Iizaka
1. Introduction
On December 11, 2001, China officially joined the World Trade Organization(WTO) and became its 143rd member. China’s presence in the world economy will continue to grow and deepen. The foreign trade sector plays an important andmultifaceted role in China’s economic development. At the same time, China’s expanded role in the world economy is beneficial to all its trading partners. Regions that trade with China benefit from cheaper and more varieties of imported consumer goods, raw materials and intermediate products. China is also a large and growing export market.While the entry of any major trading nation in the global trading system can create a process of adjustment, the outcome is fundamentally a win-win situation. In this paper we would like to provide a survey of the various institutions, laws and characteristics of China’s trade. Among some of the findings, we can highlight thefollowing:
??In 2001, total trade to gross domestic product (GDP) ratio in China is 44%
??In 2001, 47% of Chinese trade is processed trade1
??In 2001, 51% of Chinese trade is conducted by foreign firms in China2
??In 2001, 36% of Chinese exports originate from Guangdong province
??In 2001, 39% of China’s exports go through Hong Kong to be re-exported elsewhere
2. Evolution of China’s Trade Regime
Equally remarkable are the changes in the commodity composition of China’s exports and imports. Table 2a shows China’s annual export volumes of primary goods and manufactured goods over time. In 1980, primary goods accounted for 50.3% of China’s exports and manufactured goods accounted for 49.7%. Although the share of primary good declines slightly during the first half of 1980’s, it remains at 50.6% in 1985. Since then, exports of manufactured goods have grown at a much faster rate than exports of primary goods. As a result, the share of manufactured goods increased to 90.1%, and that of prim
原创力文档

文档评论(0)