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China’s Foreign Trade: Tendency, Changes, and Trend of Reform Research Group of RUC Economic Studies Report
Liu Zhenya
1998, (4):
5-13.
DOI:
Rapid development has taken place in China’s foreign trade since 1978, achieving wider scale, better structure, and fundamental changes in position in the scene of international trade. However, there remain some serious drawbacks such as problems in periods of dramatic rise and fall, and trading conditions are not substantially improved either. Nonetheless further reform in the structure of foreign trade has intensified competition. As a result macro control of foreign trade has turned from direct command to indirect guidance. Meanwhile, management of foreign currency has been reformed, and responsibility system of operation under contract is set up in foreign trade, too. There are still unsolved problems, though, in scale management, internal execution, and property right structure. Measures should be taken to deepen reform in foreign trade in the microscopic view, namely, strategic reorganization of state-owned foreign trade enterprises, promotion of share holding system and industrialization of small and medium sized foreign trade enterprises, standardizing operation of foreign trade agency, giving impetus to scale management and perfection of property right system, administration and operational mechanics in foreign trade enterprises as well. To deepen reform in the macroscopic view, measures should be taken in perfection of import tax reimbursement and foreign currency exchange mechanics in order to create an optimal environment for further reform and development of foreign trade.
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