Internationalisation of China

Tracy Dathe, Volker Müller and Marc Helmold
Additional contact information
Tracy Dathe: Macromedia University
Volker Müller: European Chamber of Commerce
Marc Helmold: IU International University of Applied Sciences

Chapter 4 in Business Opportunities and Risks in China, 2023, pp 39-52 from Springer

Abstract: Abstract Internationalisation is an essential factor in China’s economic success. Compared with the most developed economies, the share of China’s trade in service is relatively low compared to the most developed economies; it is expected to grow at an above-average rate. At present, China has an unsustainable high trade surplus with the EU and the United States. The country takes measures like hosting an annual trade fair for imported products to better balance import and export. China strives to accede to the Government Procurement Agreement, which would give imported products access to its large public procurement market. While the EU and United States remain China’s most important economic partners, the country is actively diversifying its trade relations. The Belt and Road Initiative (BRI), also known as the New Silk Road, aims to improve economic relations with developing countries and emerging economies. So far, the focus has put on investment in infrastructure products in BRI countries and import of raw materials. China has also signed a series of free-trade agreement to stimulate economic interactions with overseas partners.

Keywords: China; Global value chain; Global supply chain; Trade surplus; Trade in service; Government Procurement Agreement; New Silk Road; Free trade; RCEP; CPTPP; DEPA (search for similar items in EconPapers)
Date: 2023
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:mgmchp:978-3-031-31933-4_4

Ordering information: This item can be ordered from
http://www.springer.com/9783031319334

DOI: 10.1007/978-3-031-31933-4_4

Access Statistics for this chapter

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