Foreign Trade,Industrial Structure and Economic Growth——Based on Comparison between China and India
Zhou Jian-h
Abstract
Zhou Jian-h
Abstract
China and India are countries with abundant labors and numerous manufacturing industry.There are big differences in trade structures and the industrial structures for both countries.To be large developing countries,China and India how to give play to role of foreign trade and upgrading of an industrial structure for economic growth,how to collectly chose trade pattern and industrial structure are the basic issues for China and India's economics growth.Services and industry are two major drivers in Indian economic growth,exports of services account for large proportion of total exports,and manufacturing industry has been integrated into international division.Transformation of trade patterns and development of tertiary industry is necessary condition for long-term economic growth in China.
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China and India are countries with abundant labors and numerous manufacturing industry.There are big differences in trade structures and the industrial structures for both countries.To be large developing countries,China and India how to give play to role of foreign trade and upgrading of an industrial structure for economic growth,how to collectly chose trade pattern and industrial structure are the basic issues for China and India's economics growth.Services and industry are two major drivers in Indian economic growth,exports of services account for large proportion of total exports,and manufacturing industry has been integrated into international division.Transformation of trade patterns and development of tertiary industry is necessary condition for long-term economic growth in China.
Key concepts: China, International trade, Division of labour, Business, Manufacturing, Economics, International economics, Geography