Thoughts Regarding an Externally Oriented Economy in the Pearl River Delta

Chen Wenhong

Chinese Economy, 1992, vol. 25, issue 3, 43-52

Abstract: In China, the criterion for an externally oriented economy is generally based on the proportion and volume of commodities exported to earn foreign exchange [>i>chukou chuanghui>/i>â"export to earn foreign exchange"âis a set Chinese term and sometimes means merely "export." In this article, it is translated as "export" unless the exchange aspect is emphasized.âTrans.]. In industry, the criterion is the proportion of industrial export, chiefly the value of such export, in total industrial output value. This may be a clear and simple way of delineation, but it really leaves many questions unanswered.

Date: 1992
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