Chinas_Foreign_Trade_style2应用基本原则.pdfVIP

1 Seminar Series on Chinese Economy Department of Economics BBA-Applied Economics Concentration China Studies-Economics Concentration Master of Science in Applied Economics Dr. Yun-kwong Kwok Senior Lecturer Email: yunkwongkwok@.hk Prepared by Yun-kwong Kwok, HKBU 2 Seminar Series on Chinese Economy • China’s Foreign Trade • Dr. Kwok, Yun-kwong • Senior Lecturer, Department of Economics, HKBU • 2 May 2017 (Tuesday), 2:00-5:00 • China’s Financial Reforms and Future Challenges • Dr. Cheng, Yuk-shing • Head Associate Professor, Department of Economics, HKBU • 12 May 2017 (Friday), 2:00-5:00 • Chinese Exchange Rate and Capital Account Liberalisation • Dr. Luk, Sheung-kan Paul • Assistant Professor, Department of Economics, HKBU • 25 May 2017 (Thursday), 2:00-5:00 Prepared by Yun-kwong Kwok, HKBU 3 Foreign Trade under Mao • When the People’s Republic of China (PRC) was born in 1949, integrating its economy to the world was never on the agenda. • Having been semi-colonized for a century, China was vigilant of being too dependent on foreign powers. • The Chinese leadership was more eager to reassert the independence of China’s foreign trade policy. Prepared by Yun-kwong Kwok, HKBU 4 • Chairman Mao Zedong promoted the idea of zili gengsheng (self-reliance). • China was not in pursuit of autarky, just not to become dependent on foreign countries. • In fact, China was keen to import technologies and machinery. Prepared by Yun-kwong Kwok, H