190 China's Foreign Trade --An Overview 中国概论
China’s Foreign Trade ——An Overview
China's Economic Growth:A Review Economy The largest Exporter Importer second largest International trader 中国概论
second largest The largest Economy Exporter Importer China’s Economic Growth: A Review International trader
A90 Outline ● Rationale for international trade Overview of China's foreign trade 1978-2011 中国概论
• Rationale for international trade • Overview of China’s foreign trade 1978-2011 Outline
1.Rationale for international tra Why do countries trade between each other? 中国概论
1.Rationale for international trade Why do countries trade between each other?
1.Rationale for international tra >Through export of goods and services,a country can import those products it cannot produce domestically >Exports represent an injection of demand into the circular flow of income Cocoa beans 211 countries and regions and 189200 foreign buyers has been to the 中国概论 2012 CARTON FAIR with the export turnover of 36.3 billion U.S. dollars
1.Rationale for international trade ➢ Through export of goods and services, a country can import those products it cannot produce domestically 211 countries and regions and 189 200 foreign buyers has been to the 2012 CARTON FAIR with the export turnover of 36.3 billion U.S. dollars. ➢ Exports represent an injection of demand into the circular flow of income Cocoa beans
1.Rationale for international trade >Specialization in products with comparative advantages and trade with other countries improves economic welfare Trade allows firms to exploit scale economies by operating in larger markets 中国概论 China imports soybeans and exports fish and seafood
1.Rationale for international trade ➢ Specialization in products with comparative advantages and trade with other countries improves economic welfare China imports soybeans and exports fish and seafood ➢ Trade allows firms to exploit scale economies by operating in larger markets
1.Rationale for international trade International competition stimulates higher efficiency-particularly for domestic monopolies >Free trade provides greater choice for consumers and competition helps keep prices down pce the consumer was able to buy a cashmere sweater for $100,rather than -$300 consumers came to appreciate and expect it
1.Rationale for international trade ➢ International competition stimulates higher efficiency - particularly for domestic monopolies ➢ Free trade provides greater choice for consumers and competition helps keep prices down Once the consumer was able to buy a cashmere sweater for $100, rather than $300, consumers came to appreciate and expect it
1.Rationale for international trade >Imports can help to satisfy excess demand from consumers-acting as a safety valve for the economy.A trade deficit during an economic boom helps to reduce demand-pull inflation >Trade in ideas stimulates product and process innovations that generates better products 出口全球中国制造 Source Quality Products Made in China 出口商机热线：ds@made .com www.Ma -设hima.c0 城圈图 中国概论
1.Rationale for international trade ➢ Imports can help to satisfy excess demand from consumers - acting as a safety valve for the economy. A trade deficit during an economic boom helps to reduce demand-pull inflation ➢ Trade in ideas stimulates product and process innovations that generates better products
490 2.Overview of China's foreign trade 2.1 Volume of merchandise trade Foreign trade is a key channel for a country to 330720 participate in international economic cooperation and competition It is a key component of China's reform and open- up
2.Overview of China's foreign trade ◼ Foreign trade is a key channel for a country to participate in international economic cooperation and competition ◼ It is a key component of China’s reform and openup 2.1 Volume of merchandise trade
90 2.Overview of China's foreign trad 药 2.1 Volume of merchandise trade $3641.86 Billion in 2011 Volume of merchandise trade from 1978-2010 36418.6 ☐total2010,2974 的 Billion USD In 2001,China entered the WTO,and in4 It took China 23 years(1978-2001)to years(by 2005),total volume of trade 1422.2 increase trade volume from 20 billion dollars ■Export,2010, billion dollars to 500 ■total29i5 billion dollars 1422.0294 mport Export From 2005 to 2009,in It took China 29 total another 4 years, years(1949-1978)to trade volume was achieve a total trade over 2200 billion volume of 20 billion ■total,200047 dollars dollars ■tota,1995,280.9 中国概论 ■tota179t20.8gt38.19鹉，9990,115
2.Overview of China's foreign trade Volume of merchandise trade from 1978-2010 2.1 Volume of merchandise trade Import, 2010, 1394.8 Export, 2010, 1577.9 total, 1978total , 20.7 , 1980, 38.1 total, 1985, 69.7 total, 1990, 115.5 total, 1995, 280.9 total, 2000, 474.3 total, 2005, 1422.0 total, 2010, 2974 Import Export total 36418.6 Billion USD In 2001, China entered the WTO, and in 4 years (by 2005), total volume of trade 1422.2 billion dollars From 2005 to 2009, in another 4 years, trade volume was over 2200 billion dollars It took China 23 years(1978-2001) to increase trade volume from 20 billion dollars to 500 billion dollars It took China 29 years(1949-1978) to achieve a total trade volume of 20 billion dollars $3641.86 Billion in 2011