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Tekijä: | Zuo, Dapei |
Otsikko: | Excessive outward-orientation is kind of disaster (original in Chinese) |
Lehti: | China Reform (c)
1999 : 7, p.20 |
Asiasana: | INTERNATIONAL TRADE EXPORTS CHINA |
Kieli: | chn |
Tiivistelmä: | The degree of China economic development is far behind that of US. Import-export dependence of US is less than 19% in 1995, however, that of China is over 40%. Even taking exchange rate into consideration, import-export dependence of China is still very high. The emergence of the causes led to this disaster, excessive outward- orientation, is due to too much favor provided to export and import material for processing trade, which distorts resources allocation. |
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