Chinese Foreign Trade Dynamics and Change of the Country's Position in World Economy

• Published in: Vestnik RUDN. International Relations
• Main Authors: I A Rodionova, A I Parfenov, V V Shubin
• Format: Article
• Language: English
• Published: Peoples’ Friendship University of Russia (RUDN University) 2011-09-01
• Subjects: Китай; внешняя торговля; географическая и товарная структура экспорта и импорта; экспорт высокотехнологичной продукции; позиция страны в мировой экономике
• Online Access: http://journals.rudn.ru/international-relations/article/view/10762
• ISSN: 2313-0660; 2313-0679

The article presents the analysis of dynamics of foreign trade of the Peoples Republic of China, shifts in geographical and commodity structure of export and import since 1995 until present. Their influence on change of country's position in world economy and international trade is revealed. Analyzing the statistical data, authors come to a conclusion that modernization and transparency of economy, expansion of foreign economic relations, considering direct correlation of rates of gross domestic product (GDP) and rates of development of foreign trade of the country, have led to essential strengthening of China's position in world production of manufacturing industry, in world economy, and international trade.