Interactive Development of Imports and Exports and the Dynamic Evolution of China’s Comparative Advantages

Zhijian Liu ()
Additional contact information
Zhijian Liu: Yunnan University

Chapter Chapter 8 in China's Qualitative Economic Transformation, 2023, pp 189-227 from Springer

Abstract: Abstract Through over forty years of development and transformation from “import substitution” to “export orientation,” China has grown into the world’s second largest economy, largest exporter, and largest foreign reserve holder. In this process, the strategy of “export orientation” has played an extremely important role. Meanwhile, the internal and external economic imbalance—in particular that of trade balance—has brought an unprecedented crisis to China’s economic development. The imbalanced growth based on factor price distortions and a series of export-encouraging policies is chewing through the fruits of China’s reform and opening-up at an increasing rate, and increases the costs of further development of the Chinese economy—in social security, environment, and resources, for example. Moreover, it has made impossible substantive improvements in the national welfare and got the Chinese economy stuck in one “rigid structure” or another. Therefore, for sustainable growth of the Chinese economy, we must grasp the key contradiction of foreign trade imbalance and gradually realize the transformation of China’s “new mercantilism” in the interactive development of its imports and exports.

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:sprchp:978-981-19-4437-6_8

Ordering information: This item can be ordered from
http://www.springer.com/9789811944376

DOI: 10.1007/978-981-19-4437-6_8

Access Statistics for this chapter

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