China—EC Economic Relations: Experience and Prospects
This paper attempts to analyse the economic relations between China and the EC since the opening up of China in 1977 in terms of China’s foreign trade and the EC’s investment in China. China has in recent years undergone very drastic changes in its economic system. The reforms introduced are experimental and hence policies tend to undergo much variation at various times. Specifically, the foreign trade system has been changing back and forth from centralisation to decentralisation. In industry, the emphasis was on heavy industry at one time but on light industry at another time. In agriculture, it is sometimes grains and sometimes cash crops that are given top priority. Similarly, consumption was promoted at one time but discouraged at a later stage. China’s external economic relations should be discussed in the light of China’s reforms and restructuring and the stop-go policies that have accompanied such reforms and restructuring.
KeywordsForeign Direct Investment Capital Good Economic Relation Relative Share Transport Equipment
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- For example, in the notorious case of raw silk exports, it was discovered that total exports licensed amounted to four times the annual raw silk production in China.Google Scholar
- 2.See Ling Xing, ‘Western Europe is China’s Treasured Partner,” Intertrade, May/June 1985.Google Scholar
- 3.Chinese scientists and social scientists presented over 10 papers on the overall and sectoral projections of China towards the year 2000 at the Asia-Pacific Towards the Year 2000 Conference in Beijing in November 1986. Westerners can now have a rather clear picture of the economic and technological trends in China.Google Scholar
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