On the Orientation of the Transformation of China's Foreign Trade Pattern and Suggestions on Policies
Yanli Li
Abstract
Yanli Li
Abstract
China is now in a dilemma in which the extensive growth mode of goods trade is unsustainable and service trade lacks competitive power,but due to heavy pressure from employment and the still exiting relative advantage in the labor-intensive industries,China can't give up the export of labor-intensive products,yet it is imperative to develop service industry under the situation.Therefore,the foreign trade has to be oriented towards putting the same emphasis on goods trade and service trade and making service trade an important force to promote the growth of China's foreign trade..
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China is now in a dilemma in which the extensive growth mode of goods trade is unsustainable and service trade lacks competitive power,but due to heavy pressure from employment and the still exiting relative advantage in the labor-intensive industries,China can't give up the export of labor-intensive products,yet it is imperative to develop service industry under the situation.Therefore,the foreign trade has to be oriented towards putting the same emphasis on goods trade and service trade and making service trade an important force to promote the growth of China's foreign trade..
Key concepts: China, Dilemma, International trade, Trade barrier, Service (business), Comparative advantage, International economics, Business