In 1996,China began to set targets for quadrupling its per capitaaverage GNP for a better livelihood and socialist market economicsystem——a kind of mature opening economy in the Ninth Five-YearPlan period(1996-2000)...In 1996,China began to set targets for quadrupling its per capitaaverage GNP for a better livelihood and socialist market economicsystem——a kind of mature opening economy in the Ninth Five-YearPlan period(1996-2000),aiming at comformity with the worldeconomy.For these purposes,it is essential to expand China’sopening to the outside for its foreign trade to boom and thus make fulluse of foreign and domestic markets for accelerating our economicdevelopment and upgrading development efficiency.In other words,China’s foreign trade development in the Ninth Five-Year Planperiod will greatly affect and control our economic growth andeconomic system reform.展开更多
As the global economy has become further integrated, the international production chain has become more sophisticated, with diversified stages of production located in different countries. Economic theorists have argu...As the global economy has become further integrated, the international production chain has become more sophisticated, with diversified stages of production located in different countries. Economic theorists have argued that the fragmentation of the global production chain is partly attributable to the high growth in international trade over the past several decades. In this study, we examine vertical specialization in China, Japan and Korea, and its contribution to these nations＇ trade. Using a multilevel model, it is illustrated that vertical specialization has encouraged increases in trade among all three countries. In particular, China ＇s outcome is remarkable considering how recently it became a member of the WTO.展开更多
Over the past seven decades since the founding of the People’s Republic of China in 1949,China has continuously increased its import and export volumes along with improving its trade structure,becoming a major tradin...Over the past seven decades since the founding of the People’s Republic of China in 1949,China has continuously increased its import and export volumes along with improving its trade structure,becoming a major trading nation and making progress toward a trading power.In the 13th Five-Year Plan period(2016-2020),China has experienced acceleration in its foreign trade structural adjustment under its opening-up strategy,and the function of foreign trade has shifted from being a driver for growth to being a way to balance development.China is expected to continue its trade growth momentum and structural improvement and strengthen its trade competitiveness.In achieving this vision,China should make efforts to increase structural equilibrium,create a favorable external trade environment,and pave the way for trade growth and sustainable development.展开更多
China’sforeign trade experienced threeconsecutive years of super-speed growth in 2002- 2004, even though the country was stricken by the SARS epidemic in 2003 and power shortages in 2004. What hasgone beyond expectat...China’sforeign trade experienced threeconsecutive years of super-speed growth in 2002- 2004, even though the country was stricken by the SARS epidemic in 2003 and power shortages in 2004. What hasgone beyond expectations is that the exports trade still grew with momentum after the central governmentlowered theexportrebate ratesbyan average of3 percentagepoints, starting from January2004. Such growth momentum isapparently associated with external demand and the performance ofthedomestic macroeconomy, and even more associated with a seriesof support policies. Thispaper tries to raise issuesissues associated with these policies on the basis of an analysis of foreign trade performance in 2002-2004, in order to enhance understanding of the advantages and disadvantages of these policies, and to recommend a new line ofthoughtfor improving policy arrangements for the growth of import and export trade and for the harmonious development of the macroeconomy.展开更多
The Geneva-based WTO,in a statement said world trade growth would likely moderate to 6.5% this year from 2010’s "record-breaking" 14.5% expansion.The sharp rise in trade volumes last
Presently China mainly relies on the low cost of production factors and introducing advanced foreign technology to create an international competitive edge.Thepresent foreign trade growth mode,which is charaterized of...Presently China mainly relies on the low cost of production factors and introducing advanced foreign technology to create an international competitive edge.Thepresent foreign trade growth mode,which is charaterized of quantitative expansion,labor-intensive and low prices,low e ciency,unsustained,is facing lots ofdifficulties.The problems such as the worsening terms of trade,the huge trade surplus,too much dependence on foreign trade,the rising prices of production factors,difficulties in the introduction of high technology,excessive consumption of resources,environmental pressures exacerbated the situations.Therefore,China mustadopt effective measures into a sustained and high efficiency foreign trade growth mode,which is supposed to be described as optimization of export commoditystructure,market diversification,mainly relying on independent innovation and independent brands,promoting trade with science and technology,rationaliztion ofindustrial structure,focusing on high added value.展开更多
Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalizatio...Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalization. Nevertheless, several recent internal and external factors e.g. the massive SARS and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asia financial crisis and domestic policy reforms （ICSEAD, 2006） have also impeded this policy. While the issues are important for Thailand and developing countries in Asia, only limited research has been undertaken to investigate them. The paper conducts a substantive quantitative study to contribute to these trade and development policy issues. A new econometric modelling policy method, namely the generalized gravity theory （Tran Van Hoa, 2004） is used to develop a simple flexible simultaneous-equation econometric model of Thailand＇s openness model with its seven major trade partners （ASEAN-4, Australia, the USA, the EU, China, Japan and India）. Using data from the ICSEAD, the World Development Indicators and the Bank of Thailand databases, the paper reveals efficient and reliable empirical findings on trade-growth causality, trade determination including the impact of shocks and policy reform on trade and growth between Thailand and its major trade partners over the past two decades. The paper also provides evidence on the linkages between trade in goods, FDI and services and regional economic integration for more credible policy implications.展开更多
China’s foreign trade from January to August According to Customs figures,China’s total import and export in August reached 2.04 trillion yuan,down 9.7%year on year(the same below).Export was 1.2 trillion yuan,down ...China’s foreign trade from January to August According to Customs figures,China’s total import and export in August reached 2.04 trillion yuan,down 9.7%year on year(the same below).Export was 1.2 trillion yuan,down 6.1%,and import 0.84 trillion yuan,down 14.3%.Trade surplus was 368 billion yuan,an increase of 20.1%.In terms of the U.S.dollar,the total import and export in August reached US$333.5 billion,展开更多
China, in 2005, had gone through a year of trade disputes with some major trade partners such as the United States of America, the European,etc..But what was the impact of the disputes on China's trade relatio... China, in 2005, had gone through a year of trade disputes with some major trade partners such as the United States of America, the European,etc..But what was the impact of the disputes on China's trade relations with them? The documents of the China Ministry of Commerce show that all the relations had witnessed a optimistic development, with active fruits ahieved as well.……展开更多
In 1995,Beijing’s foreign economic andtrade sector continued to deepen itsrestructuring,give play to its advantagesand overcome its difficulties,and maintainedsustained development in foreign trade,theutilization of ...In 1995,Beijing’s foreign economic andtrade sector continued to deepen itsrestructuring,give play to its advantagesand overcome its difficulties,and maintainedsustained development in foreign trade,theutilization of foreign investment and foreigncooperation. The year 1995 saw an import andexport volume of US＄4.23 billion,5.4 percentup from the previous year,including animport volume of US＄1.74 billion,down 8percent,exports of US＄2.49 billion,17.3percent up from the previous year,whichsurpasses the required US＄2.3 billion ofexports by the municipal government.Specialforeign trade companies and industrial andtrade companies had exports of US＄1.441billion,4.8 percent up from the previousyear,accounting for 57.9 percent of the展开更多
At a working conference, Vice Mayor Lu Yucheng presented a plan for Beijing’s 1997 work in foreign trade and economic cooperation. The general task is to carry out the strategy of great economy and trade, expand expo...At a working conference, Vice Mayor Lu Yucheng presented a plan for Beijing’s 1997 work in foreign trade and economic cooperation. The general task is to carry out the strategy of great economy and trade, expand exports, use foreign funds reasonably and effectively, and conduct international economic and technical cooperation. The major target is to complete export volume of US$2.3 billion. Last year’s import and展开更多
This study aimed to investigate the effect of economic growth, agricultural growth and energy use on methane (CH<sub>4</sub>) and nitrous oxide (N<sub>2</sub>O) emissions in Sudan. Within the c...This study aimed to investigate the effect of economic growth, agricultural growth and energy use on methane (CH<sub>4</sub>) and nitrous oxide (N<sub>2</sub>O) emissions in Sudan. Within the context of the EKC, the study applies the OLS, cointegration, vector error correction modelling (VECM) and Granger causality methods. The study has established a long run equilibrium relationship for both CH<sub>4</sub> and N<sub>2</sub>O in their relation to economic growth, agricultural growth and energy use in presence of trade openness (TOP) and inflows of foreign direct investments (FDI). The estimated VECM shows that emissions of CH<sub>4</sub> are significantly affected by economic growth, TOP, and FDI with no effect of agricultural growth in the short run while CH<sub>4</sub> is found to be significantly affected by economic growth, agricultural growth, TOP and FDI in the long run. The estimated VECM for N<sub>2</sub>O shows that N<sub>2</sub>O emissions are more significantly affected by energy use, agricultural growth and FDI with no effect of economic growth in the short run, while N<sub>2</sub>O is found to be significantly affected by economic growth, agricultural growth, TOP and FDI in the long run. Consistently, findings from the estimated OLS and VECMs show that the EKC does not hold for either CH<sub>4</sub>, or N<sub>2</sub>O emissions, and that N<sub>2</sub>O emissions are more significantly affected by economic growth, agricultural growth and energy use than emissions of CH<sub>4</sub>. Findings from impulse response and variance decomposition analysis confirm that emissions of N<sub>2</sub>O are more responsive to economic growth, agricultural growth and energy use than emissions of CH<sub>4</sub>. Granger causality analysis shows existence of bidirectional relationship between CH<sub>4</sub> and agricultural growth, but a unidirectional relationship from CH<sub>4</sub> to FDI. For N<sub>2</sub>O, the study finds a unidirectional relationship running from agricultural growth to N<sub>2</sub>O, while N<sub>2</sub>O emissions are found to cause GDP per capita, the squared GDP per capita, OIL consumption and FDI. In terms of causality, these results suggest that emissions of CH<sub>4</sub> and N<sub>2</sub>O have been generated more by agricultural activities than by overall economic activity, and that activities generating N<sub>2</sub>O emissions in particular have been contributing significantly to economic growth. Within the context of the country’s intended nationally determined contributions, the findings of this study suggest that policies should be directed cautiously but more effectively to control N<sub>2</sub>O than CH<sub>4</sub> emissions. Economic growth could be pursued without significant environmental harm from both CH<sub>4</sub> and N<sub>2</sub>O emissions. However, Sudan should expand adoption of energy efficiency measures, expansion of renewable energy use, place restrictions on production and use of fuel woods and charcoal for low carbon economy and green growth.展开更多
文摘In 1996,China began to set targets for quadrupling its per capitaaverage GNP for a better livelihood and socialist market economicsystem——a kind of mature opening economy in the Ninth Five-YearPlan period(1996-2000),aiming at comformity with the worldeconomy.For these purposes,it is essential to expand China’sopening to the outside for its foreign trade to boom and thus make fulluse of foreign and domestic markets for accelerating our economicdevelopment and upgrading development efficiency.In other words,China’s foreign trade development in the Ninth Five-Year Planperiod will greatly affect and control our economic growth andeconomic system reform.
基金supported by a National R esearch Foundation of Korea grant founded by the Korean Governmenl(NRF-2010-327-B00342)
文摘As the global economy has become further integrated, the international production chain has become more sophisticated, with diversified stages of production located in different countries. Economic theorists have argued that the fragmentation of the global production chain is partly attributable to the high growth in international trade over the past several decades. In this study, we examine vertical specialization in China, Japan and Korea, and its contribution to these nations＇ trade. Using a multilevel model, it is illustrated that vertical specialization has encouraged increases in trade among all three countries. In particular, China ＇s outcome is remarkable considering how recently it became a member of the WTO.
文摘Over the past seven decades since the founding of the People’s Republic of China in 1949,China has continuously increased its import and export volumes along with improving its trade structure,becoming a major trading nation and making progress toward a trading power.In the 13th Five-Year Plan period(2016-2020),China has experienced acceleration in its foreign trade structural adjustment under its opening-up strategy,and the function of foreign trade has shifted from being a driver for growth to being a way to balance development.China is expected to continue its trade growth momentum and structural improvement and strengthen its trade competitiveness.In achieving this vision,China should make efforts to increase structural equilibrium,create a favorable external trade environment,and pave the way for trade growth and sustainable development.
文摘China’sforeign trade experienced threeconsecutive years of super-speed growth in 2002- 2004, even though the country was stricken by the SARS epidemic in 2003 and power shortages in 2004. What hasgone beyond expectations is that the exports trade still grew with momentum after the central governmentlowered theexportrebate ratesbyan average of3 percentagepoints, starting from January2004. Such growth momentum isapparently associated with external demand and the performance ofthedomestic macroeconomy, and even more associated with a seriesof support policies. Thispaper tries to raise issuesissues associated with these policies on the basis of an analysis of foreign trade performance in 2002-2004, in order to enhance understanding of the advantages and disadvantages of these policies, and to recommend a new line ofthoughtfor improving policy arrangements for the growth of import and export trade and for the harmonious development of the macroeconomy.
文摘The Geneva-based WTO,in a statement said world trade growth would likely moderate to 6.5% this year from 2010’s "record-breaking" 14.5% expansion.The sharp rise in trade volumes last
文摘Presently China mainly relies on the low cost of production factors and introducing advanced foreign technology to create an international competitive edge.Thepresent foreign trade growth mode,which is charaterized of quantitative expansion,labor-intensive and low prices,low e ciency,unsustained,is facing lots ofdifficulties.The problems such as the worsening terms of trade,the huge trade surplus,too much dependence on foreign trade,the rising prices of production factors,difficulties in the introduction of high technology,excessive consumption of resources,environmental pressures exacerbated the situations.Therefore,China mustadopt effective measures into a sustained and high efficiency foreign trade growth mode,which is supposed to be described as optimization of export commoditystructure,market diversification,mainly relying on independent innovation and independent brands,promoting trade with science and technology,rationaliztion ofindustrial structure,focusing on high added value.
文摘Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalization. Nevertheless, several recent internal and external factors e.g. the massive SARS and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asia financial crisis and domestic policy reforms （ICSEAD, 2006） have also impeded this policy. While the issues are important for Thailand and developing countries in Asia, only limited research has been undertaken to investigate them. The paper conducts a substantive quantitative study to contribute to these trade and development policy issues. A new econometric modelling policy method, namely the generalized gravity theory （Tran Van Hoa, 2004） is used to develop a simple flexible simultaneous-equation econometric model of Thailand＇s openness model with its seven major trade partners （ASEAN-4, Australia, the USA, the EU, China, Japan and India）. Using data from the ICSEAD, the World Development Indicators and the Bank of Thailand databases, the paper reveals efficient and reliable empirical findings on trade-growth causality, trade determination including the impact of shocks and policy reform on trade and growth between Thailand and its major trade partners over the past two decades. The paper also provides evidence on the linkages between trade in goods, FDI and services and regional economic integration for more credible policy implications.
文摘China’s foreign trade from January to August According to Customs figures,China’s total import and export in August reached 2.04 trillion yuan,down 9.7%year on year(the same below).Export was 1.2 trillion yuan,down 6.1%,and import 0.84 trillion yuan,down 14.3%.Trade surplus was 368 billion yuan,an increase of 20.1%.In terms of the U.S.dollar,the total import and export in August reached US$333.5 billion,
文摘 China, in 2005, had gone through a year of trade disputes with some major trade partners such as the United States of America, the European,etc..But what was the impact of the disputes on China's trade relations with them? The documents of the China Ministry of Commerce show that all the relations had witnessed a optimistic development, with active fruits ahieved as well.……
文摘In 1995,Beijing’s foreign economic andtrade sector continued to deepen itsrestructuring,give play to its advantagesand overcome its difficulties,and maintainedsustained development in foreign trade,theutilization of foreign investment and foreigncooperation. The year 1995 saw an import andexport volume of US＄4.23 billion,5.4 percentup from the previous year,including animport volume of US＄1.74 billion,down 8percent,exports of US＄2.49 billion,17.3percent up from the previous year,whichsurpasses the required US＄2.3 billion ofexports by the municipal government.Specialforeign trade companies and industrial andtrade companies had exports of US＄1.441billion,4.8 percent up from the previousyear,accounting for 57.9 percent of the
文摘At a working conference, Vice Mayor Lu Yucheng presented a plan for Beijing’s 1997 work in foreign trade and economic cooperation. The general task is to carry out the strategy of great economy and trade, expand exports, use foreign funds reasonably and effectively, and conduct international economic and technical cooperation. The major target is to complete export volume of US$2.3 billion. Last year’s import and
文摘This study aimed to investigate the effect of economic growth, agricultural growth and energy use on methane (CH<sub>4</sub>) and nitrous oxide (N<sub>2</sub>O) emissions in Sudan. Within the context of the EKC, the study applies the OLS, cointegration, vector error correction modelling (VECM) and Granger causality methods. The study has established a long run equilibrium relationship for both CH<sub>4</sub> and N<sub>2</sub>O in their relation to economic growth, agricultural growth and energy use in presence of trade openness (TOP) and inflows of foreign direct investments (FDI). The estimated VECM shows that emissions of CH<sub>4</sub> are significantly affected by economic growth, TOP, and FDI with no effect of agricultural growth in the short run while CH<sub>4</sub> is found to be significantly affected by economic growth, agricultural growth, TOP and FDI in the long run. The estimated VECM for N<sub>2</sub>O shows that N<sub>2</sub>O emissions are more significantly affected by energy use, agricultural growth and FDI with no effect of economic growth in the short run, while N<sub>2</sub>O is found to be significantly affected by economic growth, agricultural growth, TOP and FDI in the long run. Consistently, findings from the estimated OLS and VECMs show that the EKC does not hold for either CH<sub>4</sub>, or N<sub>2</sub>O emissions, and that N<sub>2</sub>O emissions are more significantly affected by economic growth, agricultural growth and energy use than emissions of CH<sub>4</sub>. Findings from impulse response and variance decomposition analysis confirm that emissions of N<sub>2</sub>O are more responsive to economic growth, agricultural growth and energy use than emissions of CH<sub>4</sub>. Granger causality analysis shows existence of bidirectional relationship between CH<sub>4</sub> and agricultural growth, but a unidirectional relationship from CH<sub>4</sub> to FDI. For N<sub>2</sub>O, the study finds a unidirectional relationship running from agricultural growth to N<sub>2</sub>O, while N<sub>2</sub>O emissions are found to cause GDP per capita, the squared GDP per capita, OIL consumption and FDI. In terms of causality, these results suggest that emissions of CH<sub>4</sub> and N<sub>2</sub>O have been generated more by agricultural activities than by overall economic activity, and that activities generating N<sub>2</sub>O emissions in particular have been contributing significantly to economic growth. Within the context of the country’s intended nationally determined contributions, the findings of this study suggest that policies should be directed cautiously but more effectively to control N<sub>2</sub>O than CH<sub>4</sub> emissions. Economic growth could be pursued without significant environmental harm from both CH<sub>4</sub> and N<sub>2</sub>O emissions. However, Sudan should expand adoption of energy efficiency measures, expansion of renewable energy use, place restrictions on production and use of fuel woods and charcoal for low carbon economy and green growth.
