With a consumer base increasingly hesitant to readopt spending habits,the U.S. economy seems to be caught in a tight spot. But the country still boasts a solid manufacturing base and remains a world leader in technolo...With a consumer base increasingly hesitant to readopt spending habits,the U.S. economy seems to be caught in a tight spot. But the country still boasts a solid manufacturing base and remains a world leader in technology. So is it possible for the United States to switch to an export-driven growth model,and what efforts should be made for such a transition? Zhao Zhongwei,a senior researcher with the Institute of World Politics and Economics under the Chinese Academy of Social Sciences,discussed these issues in an article recently published in the Shanghai Securities Journal. Edited excerpts follow:展开更多
China has been a leader in export strategy since the reform and opening-up for trade. This has played a positive role in economic development, however, since stepping into a large country economy, entering the.WTO and...China has been a leader in export strategy since the reform and opening-up for trade. This has played a positive role in economic development, however, since stepping into a large country economy, entering the.WTO and the current development of economic globalization at a rapid rate, the leading export strategy has already been very difficult to adapt to the daily challenges in export because of the constant changes in domestic and international economic environment. In view of this, China should turn its strategy into one of dynamic comparative advantages with a global competitive strategy, in conformity with big country＇s economy in the economic background of globalization.展开更多
Credit rating agency Standard & Poor's on Friday downgraded the U.S.'s rating.Fear is spreading quickly through the market.It's becoming a vicious cycle and could feed into consumers reducing their dem...Credit rating agency Standard & Poor's on Friday downgraded the U.S.'s rating.Fear is spreading quickly through the market.It's becoming a vicious cycle and could feed into consumers reducing their demand as well.Will it has a direct impact on Chinese textile and apparel exports?展开更多
文摘With a consumer base increasingly hesitant to readopt spending habits,the U.S. economy seems to be caught in a tight spot. But the country still boasts a solid manufacturing base and remains a world leader in technology. So is it possible for the United States to switch to an export-driven growth model,and what efforts should be made for such a transition? Zhao Zhongwei,a senior researcher with the Institute of World Politics and Economics under the Chinese Academy of Social Sciences,discussed these issues in an article recently published in the Shanghai Securities Journal. Edited excerpts follow:
文摘China has been a leader in export strategy since the reform and opening-up for trade. This has played a positive role in economic development, however, since stepping into a large country economy, entering the.WTO and the current development of economic globalization at a rapid rate, the leading export strategy has already been very difficult to adapt to the daily challenges in export because of the constant changes in domestic and international economic environment. In view of this, China should turn its strategy into one of dynamic comparative advantages with a global competitive strategy, in conformity with big country＇s economy in the economic background of globalization.
文摘Credit rating agency Standard & Poor's on Friday downgraded the U.S.'s rating.Fear is spreading quickly through the market.It's becoming a vicious cycle and could feed into consumers reducing their demand as well.Will it has a direct impact on Chinese textile and apparel exports?
