How to Improve China's International Trade Essay

How to Improve Chinas world-wideistic Trade - turn up ExampleInternational dispense in China directadays is the most developed form of outside(a) contacts. The Chinese supranational turnover during the years of reforms has grown from $10 billion in 1978 to $325 billion in 1997 (the positive balance equals to more than $40 billion). By the foreign distribute volume China now takes the third place in the world, with its export and import in 2005 equaling to $1422.1 billion. (Lloyd 2006, p. 389) More than 220 countries have international trade relations with China, among which are USA, Japan, European Union, Korea, Taiwan, Russia, Australia and Canada. On July 1st, 2004 China adopted a new law About International Trade. With the aim of stimulating the international trade, this law has replaced the regime of considering and registering the right for carrying out external economic trading operations for the simple system of registration, and there have been created strict regula tions, relating to import and export of goods and technologies, international service trade, international trade order, as well as the protection of copyright according to the abovementioned order. (Garnaut & Song 2005, p. 27)The dependence of Chinese economy on the international trade has grown significantly, which witnesses about its deep involvement into the world international ties and processes. Though China takes the third place in the world economy by the international trade volume, its weight in it can still become higher. The briny obstacle for this is the low quality of the big portion of the goods, produced by the processing industry, which dont survive the rivalry of the similar products on the world market, and the absence of possibilities for change magnitude the raw materials export. The main task of the Chinese export policy is the providing of import financing, which is built with the account of the international conjuncture. The main efforts are directed at stimu lating predominant growth of perfect goods export with the exploitation portion of science-heavy products these processes are accompanied by achieving the quality of goods, which will correspond to the international quality standards. colossal growth has been achieved in the total volume of finished goods export, which by the beginning of 90s constituted already 2/3 of the Chinese export.The first place in export (50%) belongs to the consumer goods, among which clothes, shoes, toys, etc. An important place in the international trade of China is taken by the raw materials processing with the further export of the finished products - it constitutes about 50% of the total countrys turnover. China is the leader in exporting textiles and silk. Textile industry is the main source of foreign income for China. (Kent 2002, p. 344)Less than 20% of export accounts for machine building and electro technical products. The growth of the special gravity of these products in the world export is being restricted by the fact, that their quality is not private-enterprise(a) with that of other suppliers. The portion of Chinese machine building in the world export does not die 0.3%. (Manilla Bulletin 2005, p. 12)The structure of the international trade in China was described here to decide, what challenges are clan in front of Chinese economy and foreign trade as the essential part in its development. The definition and determination of challenges will lead us to the definition of