A Study on the Status Quo, the problems and solutions of China’s Processing Trade
Abstract
Processing trade has become an important booster of China’s continuous export growth and the primary mode of its foreign trade. Not only has processing trade solidified the ties between China and the outside world, expedited the transformation from planned economy system to market-oriented economy system and increased China’s foreign exchange receipt, but it has attracted a great amount of foreign investment, augmented employment, promoted the development of regional economies, and propelled the upgrading of the whole industry. In a word, processing trade has made conspicuous contributions to China’s economic development.
Meanwhile, in the process of the development of China’s processing trade have emerged a lot of problems that need to be solved imminently and that, otherwise, would generate a drag on the takeoff of China’s economy. This paper starts with the status quo of China’s processing trade, comprehensively and systematically unveils a lot of problems and proposes some solutions in the hope that they provide certain reference for solving these problems.
【Key words】 processing trade status quo current situation problem solution