Abstract
Since the reform and opening up of China in 1978, China’s foreign trade volume began to increase year by year. Table 1.1 shows that, China’s total foreign trade volume saw an increase from 20.6 billion U.S. dollars in 1978 to 2.9728 trillion U.S. dollars in 2010. The data shows that China’s import trade volume has reached 1.3948 trillion U.S. dollars in 2010 which increased 128 folds compared with 10.9 billion U.S. dollars in 1978. According to the statistics, the increase rate of China’s export was more higher than that of import, and the export trade volume stood at 9.8 billion U.S. dollars in 1978, however, which soared to 1.5779 trillion U.S. dollars by 2010, an increase of 160 folds.
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Notes
- 1.
The Four Dragons include HongKong of China, Taiwan of China, Singapore, and the South Korea.
Reference
Rostow WW (1960) The stages of economic growth: a non-communist manifesto. Cambridge University Press, Cambridge, pp 4–16 (Chapter 2)
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Yuan, T. (2014). China’s Trade Surplus: A Whole View. In: On China's Trade Surplus. SpringerBriefs in Business. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-38925-2_1
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DOI: https://doi.org/10.1007/978-3-642-38925-2_1
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