|
Over the 30 years since the reforms and opening-up to the outside world, Chinese foreign trade has increased from USD20.6bn in 1978 to USD2.1738tn in 2007, by 105 times at average annual growth of 17.4%.
During these 30 years, it's hard to summarize the development of Chinese foreign trade in a word. However, the above-mentioned concise figures may partly prove the great changes of Chinese foreign trade. Nowadays, Chinese foreign trade is not only one of three engines to pull the economic growth together with consumption and investment but also the "booster" of the development of national economy.
...{ More } |
|
|
Absorption of foreign capital is an important component of China's basic state policy of opening up to the outside world. The past 30 years has witnessed the remarkable achievements that draw worldwide attention. By the end of 2007, China's foreign-invested companies had exceeded ten thousand, and that year alone, actually ... |
|
|
|
|
|
In August 1980,special economic zones were established,including Shenzhen, Zhuhai, Shantou and Xiamen, which ushered in the new stage of China's explorative trial of foreign capital utilization. So far, the past 28 years has witnessed the tremendous achievements of various special economic zones which have already played an important role in reform . .. |
|
|
|
|
|
|
|
In order to promote the rapid development of service outsourcing industry, and optimize the export structure, Ministry of Commerce implemented a service outsourcing project of "thousand, hundred and ten".Since this project initiated, the state has earmarked a special fund worth almost 300 million yuan to build municipal publi ... |
|
|
|
|
|
Faced up with new circumstances restricted by bottlenecks like resources and environment, China will highlight the structure and quality when it comes to foreign capital absorption, and guide the foreign capital to play an active role in self-proprietary innovation. Faced up with new circumstances restricted by bottlenecks like resources ... |
|
|
|
|
|
|
As the transnational direct investment develops globally, China's investment promotion service system has taken shape preliminarily,enabling investment promotion to fuel open economy. Over the past years,China has always regarded "bringing in" and "going global" as two overarching topics for investment promotion, and made a lot of efforts:
... |
|
|
|
|
|
China International Fair for Investment and Trade(CIFIT) represents China's only national intent for international investment promotion which highlights two-way investment promotion.It has become an annual event held in Xiamen ever since 1997.In the past 12 years,CIFIT,with "bringing in" and" going golbal" as the its two overarching topics,
. ... |
|
|
|
|
|
|
|
|
|
On January 17, 1979, Comrade Deng Xiaoping, when meeting with the leaders in industrial and business communities, formally declared that "more channels should be utilized to forge ahead our development, for instance, through utilization of foreign capitals and technologies ... |
|
|
|
|
|
On 1 July, 1979, the Law of the People's Republic of China on Chinese-foreign Equity Joint Ventures was first approved by the 2nd session of the 5th National People's Congress, and took into effect that year. The promulgation of this law provided the legal ground for China's
.
... |
|
|
|
|
|
|
In 1980,Beijing Aviation Food Company was approved by China Foreign Investment Management Committee, which represented the very first joint venture in China established by Hong Kong Merchant Wu Shuqing and Capital International Airport Company Limited. ... |
|
|
|
|
|
In January 1984, Chinese first auto joint venture, Beijing Jeep Corporation jointly established by Beijing Automobile Works Co., Ltd and AMC, kicked off the operation. In October 1984, China and Germany signed the joint operation contract of Shanghai VolksWagen Automobile
... |
|
|
|
|
|
|
In the following of Comrade Deng Xiaoping's south inspection and speech, the institution and environment of opening up to the outside world were improved constantly, and foreign capital absorption enjoyed a rapid growth, FDI in particular. In 1992 alone, foreign capital in ... |
|
|
|
|
|
On December 1, 1996, China accepted Article VIII of the International Monetary Fund Agreement to implement conversion of Renminbi in current account, hence reaching the requirement of Article VIII of the International Monetary Fund Agreement in advance, ... |
|
|
|
|
|
|
In November 2001, the 4th ministerial meeting of the WTO held in Doha Qatar passed the legal documents of China's accession to the WTO, which marked that China became a new member of the WTO in the long run after 15 years' efforts.Since entry of the WTO, China
... |
|
|
|
|
|
On April 14, 2004, New Zealand became the first western developed country to accept China’s market economic status. Thereafter, 76 countries across the globe, including Australia, Switzerland and other developed countries accepted China's full market economic status.
... |
|
|
|
|
|
|
On August 8, 2006, the revised Regulations on Merger and Acquisition of Domestic Enterpris-es by Foreign Investors prom-ulgated by the Ministry of Commerce of the People's Republic of China permits foreign investors to merger and acquire domestic companies ... |
|
|
|
|
|
On September 20, 2006, the mechanism of US-China Strategic Economic Dialogue officially started. Two dialogues per year have been held for five times so far, with a series of major consensuses reached and multi-agreements signed. China and the US have become the
...
|
|
|
|
|
|
|
On December 11, 2006, all Chinese transitive measures of joining WTO expired, Chinese bank industry was fully open to the outside world as of the date, and all the regional and client restrictions for foreign banks engaging in Reminbi business in China were cancelled. ... |
|
|
|
|
|
In 2007, Chinese total foreign trade import and export broke through USD2t for the first time and reached USD2.1738t, ranking the third in the world since 2004. In the past 5 years, the development of Chinese foreign import and export experienced the fastest phrase in history with
...
|
|
|
|
|
|
|
|
|
The Starting Stage
(1978-1983) |
In July 1979,the CPC Ce-ntral Committee and the State Council decided to offer special policies and preferential measures to foreign economic activ-ities in Guangdong and Fujian Provinces. |
In May 1980,special eco-nomic zones in Shenz-hen,Zhuhai, Shantou and Xiamen were establish-ed, which marked the starting point of China's opening up to the outside world. |
|
| Expansion from Coastal Regions to Inner Land(1984-1991)
|
In May 1984,14 costal cities were open, includ-ing Dalian,Qinhuangdao, Tianjin,Yantai,Qingdao,
etc. |
In February 1985,Yangtze Delta,Pearl River Delta, South Fujian Delta coveri-ng Xiamen,Zhangzhou and Quanzhou,Liaodong Peninsula and Jiaodong Peninsula were open in two separate steps.
|
In April 1988,Hainan pr-ovince was established, coupled with Hainan sp-ecial economic zone,the largest one in China,whe-re preferential policies w-ere accessible.
|
In April 1990,Shanghai Pudong Area was deve-loped and opened where some policies in econ-omic and technological development areas and some special economic zones were accessible. |
In 1991,four north port ci-ties,namely Manzhouli, Dandong, Suifenhe and Huichun were open.in the same year,the State Cou-ncil approved the bonded areas of important port cities along the coast, including Waigaoqiao in Shanghai,Futian, ShaTau Kok in Shenzhen and Tianjing Port,as a way to develop bonded inventor-y,bonded product proces-sing and port transfer trade. |
|
| Fast In-depth Opening up and Geographical Pattern of Open Regions in All Aspects Were Basically Shaped(1992-2000)
|
In 1992,Comrade Deng Xiaoping inspected South China and made a spee-ch of great significance, which led to the in-depth development of opening up.
|
In 1992,led by Pudong area in Shanghai,6 cities along the Yangtze River and the Three Gorges Area,including Wuhan and Chongqing were open.Meanwhile,4 border cities namely Harbin,Cha-ngchun, Hohhot,Shijiaz-huang,as well as capital cities of coastal provinces were open.
|
In 1992,13 border cities were open,including Hui-chuan,Suifenhe, Heihe, Manzhouli and Ruili,as a way to encourage their border trade and econo-mic cooperation with neighboring countries. |
In 1992,11 capital cities of inner provinces were ope-n,including Taiyuan,Hefei, Nanchang,Zhengzhou,C-hangsha,which were foll-owed by a batch of qualifi-ed inner cities. |
In 2000,as the strategy of western development wa-s implemented,opening up expanded further to the western region of China.Thus,a pattern of multi-dimensional devel-opment of open regions was basically shaped. |
|
| The New Historical Stage of Opening up to the Outside World(from 2001 up till now) |
China's accession to WTO in December 2001 marked a new stage for China's opening
up.After its entry to WTO,China sh-ifted its opening-up from regional approach to a multidimensional metho-d;its open sectors shifted from traditional goods transaction to the service trade;the market was more accessible and its market environment bec-ame more transparent and well regulated.owing to the formulation of and amendment to series of laws and regulations. WTO basic principles,like the most favored nation treatment and national treatment,and China's commitments to WTO entry,have become the ground on which China's policy of opening to the outside world abides by and refers to. |
|
|
|
