Since the launch of the reform, China’s service trade has been growing at a much faster speed compared to that of the rest of the country’s economy and world trade. In developing commodity trade, we are also engaged...Since the launch of the reform, China’s service trade has been growing at a much faster speed compared to that of the rest of the country’s economy and world trade. In developing commodity trade, we are also engaged in technology trade, service trade and international investment, making efforts to achieve fusion and mutual promotion. Now, we are speeding up the opening展开更多
At the initial stage of the economic reform and opening drive, the Chinese government encouraged foreign businessmen to invest in the industrial field, strictly confining foreign investment to the service trade. For a...At the initial stage of the economic reform and opening drive, the Chinese government encouraged foreign businessmen to invest in the industrial field, strictly confining foreign investment to the service trade. For a long period of time, China’s service trade has lagged far behind other developed countries, with such long existing problems展开更多
China has been accused of manipulating its currency to gain international competitiveness and enjoy a trade surplus. The S-Curve is a hypothesis that could be used to test the depreciation. It claims that while future...China has been accused of manipulating its currency to gain international competitiveness and enjoy a trade surplus. The S-Curve is a hypothesis that could be used to test the depreciation. It claims that while future effectiveness of currency devaluation or values of the trade balance and current exchange rate are positively correlated, the past values of the trade balance and current exchange rate are negatively correlated. While China＇s aggregate trade flows with the rest of the world conforms to the S-Curve hypothesis, disaggregating trade flows by trading partner reveals that not all partners are affected equally by devaluation. Indeed, trade with 8 out of the 24 partners does not support the S-Curve hypothesis.展开更多
文摘Since the launch of the reform, China’s service trade has been growing at a much faster speed compared to that of the rest of the country’s economy and world trade. In developing commodity trade, we are also engaged in technology trade, service trade and international investment, making efforts to achieve fusion and mutual promotion. Now, we are speeding up the opening
文摘At the initial stage of the economic reform and opening drive, the Chinese government encouraged foreign businessmen to invest in the industrial field, strictly confining foreign investment to the service trade. For a long period of time, China’s service trade has lagged far behind other developed countries, with such long existing problems
文摘China has been accused of manipulating its currency to gain international competitiveness and enjoy a trade surplus. The S-Curve is a hypothesis that could be used to test the depreciation. It claims that while future effectiveness of currency devaluation or values of the trade balance and current exchange rate are positively correlated, the past values of the trade balance and current exchange rate are negatively correlated. While China＇s aggregate trade flows with the rest of the world conforms to the S-Curve hypothesis, disaggregating trade flows by trading partner reveals that not all partners are affected equally by devaluation. Indeed, trade with 8 out of the 24 partners does not support the S-Curve hypothesis.
