From the 1970s, there has been a wave of liberalization in China, which was introduced by Deng Xiaoping. This is one of the key reasons to the rise of China to be one of the economic giants in the world. In the last 25 years of the century, the Chinese economy has had massive economic growth, which has been 9.5 percent on a yearly basis. This has been of great significance of the country since it quadrupled the gross domestic product (GDP) of the country thus leading to saving of 400 million of their citizens from the threats of poverty. In the late 1970s, China was ranked twentieth in terms of trade volumes in the whole world as well as being predicted to be the world’s top nation concerning trading activities (Kaplan, 53). This further predicted the country to record the highest GDP growth in the whole world.
The massive increase in the Chinese trading relations was fueled by the United States in the year 1979 through the normal trade relations between the two countries. In addition, the Chinese non-concession to the World Trade Organization (WTO) in the year 2001 also facilitated its trading activities with different countries including the United States (Kaplan, 57). However, trading relations with the Chinese have been uneasy resulting from the massive trade imbalances in the recent past, which grows exponentially. The protectionist policies of the United States especially in Washington and Beijing have been putting pressure on the Chinese to revalue their currency as well as protecting it from counterfeits, which may be of adverse effects to the trading relations. This paper gives a comprehensive discussion on the foreign trade relations with china. It further gives an elaborate discussion on the impacts of foreign tr...
... middle of paper ...
...hina Business Review 40.1 (2013): 13-17. Business Source Complete. Web. 13 Dec. 2013.
Kaplan, Eden. "The Uneasy U.S.-Chinese Trade Relationship." Backgrounder (2006): 50-72. 13 December 2013.
Sangvhi, Saurabh. "Trading China.(US Senate Votes To Extend Normal Trading Relations With China)(Brief Article)." Harvard International Review 1 (2001): Academic OneFile. Web. 13 Dec. 2013.
Shirley Ye, Sheng, and Yan Ma. "China Vs. The United States: Market Connections And Trade Relations." International Journal Of China Marketing 2.1 (2011): 45-57. Business Source Complete. Web. 13 Dec. 2013.
Zhang, Jianhong, Arjen van Witteloostuijn, and J. Paul Elhorst. "China's Politics and Bilateral Trade Linkages." Asian Journal of Political Science 19.1 (2011): 25-47. Academic Search Premier. Web. 13 Dec. 2013.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Foreign Direct Investment in China 1.0 Introduction I found this article "Foreign direct investment: Companies rush in with the cash" on the financial times website (www.FT.com) published December 11, 2002 written by John Thornhill. The reason for choosing this article is my personal interest in the Chinese economy and its attractiveness to the foreign investors. Apart from the foreign direct investment this topic has also helped me in understanding the impact of Chinese economy on the global market.... [tags: International Trade Globalization FDI ]
1419 words (4.1 pages)
- Analysis of the US-China Trade The U.S. trade deficit has risen more or less steadily since 1992. In the second quarter of 2004, the trade deficit relative to GDP surpassed the 5 percent mark for the first time. Many economists already considered trade deficits above 4 percent of GDP dangerously high. The fear is that continued growth in this external imbalance of the U.S. economy will ultimately spook overseas investors. http://www.americanprogress.org/issues/2004/09/b193700.html The United States and China share the most imbalanced bilateral trade relationship in the world.... [tags: Trade Deficit Economics Analysis China]
1570 words (4.5 pages)
- ... After the Tiananmen Massacre and the end of the Cold War the United States grew closer to China economically but other things changed and grew further apart such as China feeling as if the United States was trying to control them. China began to grow its military which brought concerns to the United States. Today, China and the United States trade with each other but there may lie a lack of trust between the two countries. Their trading and financial relationship is what shapes the global economy today, in good and bad ways.... [tags: International trade, Export, Trade, United States]
1521 words (4.3 pages)
- [The trade patterns of China and its prospects] [Japan as one of the main trading partners] [BA-IB, 2nd Year; Pejman Ziaei, Mihály Prokop, Mansur !gayev] [2012.12.05] Contents Introduction........................................................................................................................................................2 FDI into China....................................................................................................................................................2 The dynamics of foreign direct investment to the economy China..................................3 2005-2010 yy., in $billion................................................................... [tags: International trade, Investment, Economics]
1013 words (2.9 pages)
- 1. China is one of the largest textiles producing and exporting countries in the world. Textile industry, as a labor-intensive industry with high foreign trade dependence degree, has made considerable contributions to China’s relatively stable employment and foreign exchange reserves. Correspondingly, due to keen demand, the U.S. needs to import magnanimous textiles. Therefore, enormous textile trade between China and U.S. seems logical. Nonetheless, because of some trade barriers like quotas, U.S’s textile import from China used to keep at a relatively lower level.... [tags: International trade, Export, Comparative advantage]
789 words (2.3 pages)
- The Western world has been interested in China since expanded trade in the 14th and 15th century exposed China to the world. It wasn’t until the 19th century that that interest turned into a furor. Western imperial powers soon all wanted a slice of China for themselves, and the impact their actions had on China were far reaching. Starting with the Second opium war in the 1850s, through the Boxer Rebellion at the turn of the 20th century, and ending with foreign ideologies spurring two political groups battling for China, the effects of the Western worlds involvement in China can be seen even today.... [tags: Qing Dynasty, China, First Opium War, Communism]
723 words (2.1 pages)
- ... manufacturers such as Ford have been moving plants outside of the country. Removing jobs and money from the American people. Donald J. Trump, the country’s presidential elect has stated “America has lost nearly one-third of its manufacturing jobs since NAFTA [The North American Free Trade Agreement] and 50,000 factories since China joined the World Trade Organization.” The nation has lost a total of 5.5 million manufacturing jobs to China alone. Furthermore, in the last quarter there were more imports than exports causing a negative 4.1 percent effect on the national real GDP.... [tags: International trade, World Trade Organization]
1304 words (3.7 pages)
- ... These FTA countries are called the “Closer Economic and Partnership Agreements” (CEPA) with the following countries; ASEAN member states, Hong Kong, New Zealand, Singapore, Pakistan, Chile, Peru, Costa Rica, Iceland, Switzerland, Korea and Australia. State Council Executives in China sought to expand the domestic consumer demand for stable economic growth. Therefore policies on certain imports and exports of certain daily consumer goods in demand of the mainland were lowered. From June 2015, the import tariff rate on daily consumer products including clothes, skincare products, and paper diapers were lowered about 50% for each item category.... [tags: International trade, World Trade Organization]
718 words (2.1 pages)
- ... This is aimed at ensuring that every agreement between the US and other countries creates a good investment environment and job opportunity for citizens of every income class (Aaronson, Roth, & Matsui, 2015). The second policy is the American Trade Principles and Practice is a policy that allows free trade with other countries. This is by allowing foreign countries to trade in America so that US companies can also gain competitive advantage by trading in other countries. Another policy is the Trade with Asia-Pacific policy is a trade agreement that opens up bilateral trade between the US and other countries in the pacific region.... [tags: International trade, International economics]
943 words (2.7 pages)
- Trade in China and the Success of its Economy China has come to the forefront of the international finance scene following the East Asian financial crisis for two reasons. First, the post reform Chinese economy closely resembles the other East Asian countries. China experienced significant levels of growth led by exports, with a rapid expansion in labor-intensive exports in its early stage of development. Rapid growth was accompanied by a rapid increase in domestic savings and massive inflows of foreign capital (Perkins, 1986).... [tags: Economics China Trade Currency Money Essays]
4758 words (13.6 pages)
- Scratch That: The Evolution of Turntablism
- The Link Between Erectile Dysfunction and Depression
- Shakespeare's King Lear
- “Exploration on Effects of Racial Disparities Upon African American Identity and Economic/Social Standing In Mid-19th Century America
- F. Scott Fitzgerald
- Extrensic Motivators in Organizations