China trade performances and policies

Consumption Behavior China is the world’s largest car market. By the end of 2012 the number of motor icicles reached 109. 4 million in China. China produced 19. 3 million cars in 2012. China is the world’s largest mobile phone market, with over 1. 1 billion subscribers at the end of 2012. China is the second largest luxury goods market in the world, after Japan, and China is the second largest market for cinema, after the US. Between 1949 and 1979, a total of 280,000 Chinese traveled abroad. In 2012, 83 million Chinese citizens made Journeys abroad. Household consumption as a percentage of GAP is among the lowest of any major economy, at around 34% in 2011, which remained nearly unchanged since 2006.

Introduction on China Trade Policies China foreign trade in the past year The trade history of China is Important for how it has affected global production and earnings in poor and rich countries. Many analysts view China ‘s recent dominance primarily as the result of the post-1978 reforms. The overall economic system after 1949 was modeled after the Soviet Union, and raised savings from the rural sector in order to benefit industrial production. Foreign trade was generally conducted by state enterprises that had limited incentives to operate efficiently because their position was not contested by competition. The verbal regime adopted by China was geared towards self-sufficiency and import substitution, which as such was not atypical for a relatively poor country during this period.

Never the less, China ‘s own trade regime together with the trade liberalizing of the GATE member countries meant that China’s role in the world trade shrank after 1949. While before World War II China Accounted for around 2% of the world’s imports plus exports, estimates suggest that China’s share had fallen by the asses to around 1 . 7% and by the asses to around 0. 7%. The quantitative information on China’s foreign during the period 1949-1979 is very emitted and it corresponds to the small net gains that China was expecting to reap from participation in world trade. Foreign trade data of China was collected, as in most other countries, in the process of administrating trade taxes through customs.

China’s share in world trade did not change much between 1970 and 1978, while after 1978 China ‘s share increased substantially, consistent with a trade liberalizing impact of the 1978 reforms. Other breakpoints occurred around 1990 and around 2000, and in each case the rate at which China gains in terms of the world trades eave increased, with China ‘s rate of rate of trade growth increasing overall during this period. Between 1978 and 1990, trade growth is 7. 5%, between 1990 and 2000 it comes to 13. 5%, and between 2000 and 2007 it is 16. 2%. An important event that strengthened China ‘s foreign trade ties further is it accession to the World Trade Organization.

China foreign trade today On December from 2001, China became the 43rd member country of the World Trade Organization after 16 years of negotiations. To honor its commitments upon entry into the WTFO, China expanded its opening-up in the fields of industry, agriculture and the services trade, and accelerated trade and investment facilitation and liberalizing. Meanwhile, the state deepened the reform of its foreign trade administrative intervention, rationalized government responsibilities in foreign trade administration, made government behavior more open, more impartial and more transparent, and promoted the development of an open economy to a new stage. Expediting improvements to the legal system for foreign economic relations and trade.

After its entry into the WTFO, China reviewed over 2,300 laws and regulations, and departmental rules. Those that did not accord with WTFO rules and China’s commitments upon entry into the WTFO were abolished or revised. Administrative licensing procedures are reduced and regulated in the revised laws and regulations, and a legal system of trade promotion and remedy has been established and improved. In accordance with the Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS) administered by the WTFO, China revised its laws and regulations and Judicial interpretations related to intellectual property rights, and thereby constructed a complete legal system that conforms to China’s actual notations and international practices.

Taking further measures to lower tariffs and reduce non-tariff measures. During the transitional period following China’s entry into the WTFO, the general level of China’s import tariffs was lowered from 15. 3% in 2001 to 9. 9% in 2005. By January 2005, the majority of China’s tariff reduction commitments had been fulfilled; China had removed non-tariff barriers, including quota, licensing and designated bidding, measures concerning 424 tariff lines, and only retained licensing administration over imports that are controlled for the sake of public safety and the environment in line tit international conventions and WTFO rules. By 2010 China’s overall tariff level had dropped to 9. 8% – 15. % in the case of agricultural products and 8. 9% in the case of industrial products. Since 2005, China has completely maintained its bound tariff rate.