China’s Opening-Up Policies: Achievements and Prospects

Wei Tian () and Miaojie Yu ()
Additional contact information
Wei Tian: Peking University
Miaojie Yu: Liaoning University

Chapter Chapter 8 in Outward Foreign Direct Investment of Chinese Enterprises, 2022, pp 201-218 from Springer

Abstract: Abstract China began its era of reform and opening up in 1978, which profoundly changed China and has deeply influenced the world. As a result of its opening-up policies, China has become the largest country in the world in goods trade and the second-largest country in services trade. Both inward and outward foreign direct investment (FDI) grew fast, reaching US$134.9 billion and US$129.8 billion, respectively, in 2018. Those figures represent 7.9% and 19.3% of the world FDI. Over the past four decades, China’s volume of trade in foreign goods has increased 204-fold, whereas its GDP has increased only 34-fold. In this respect, China has successfully pulled off a miracle in foreign trade. This chapter reviews the major practices and achievements of and lessons learned from China’s opening-up policy and forwards policy suggestions for China’s continued opening in the future.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-981-19-4719-3_8

Ordering information: This item can be ordered from
http://www.springer.com/9789811947193

DOI: 10.1007/978-981-19-4719-3_8

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().