Foreign Trade and Economic Reform in China

This study explores the relationship between China's foreign trade reforms and the domestic economic reforms that undergird China's policy of openness in the 1980s and 1990s. It provides the first comprehensive analysis of how China has emerged since reform began in 1978 as one of the most dynamic trading nations in the world. It examines both the external policy changes, such as the decentralization of trading authority and the devaluation of the domestic currency, and internal economic reforms such as the increased use of markets and prices. The volume concludes with an analysis of the sources of China's export growth and outlines further domestic economic reforms that the author believes will be required to sustain China's increasing integration into the world economy.

This study, first published in 1992, explores the relationship between China's foreign trade reforms and the domestic economic reforms that underlie China's policy of openness. It provided the first comprehensive analysis of how China emerged, since reform began in 1978, as one of the most dynamic trading nations in the world. It examines both the external policy changes, such as the decentralisation of trading authority and the devaluation of the domestic currency, and internal economic reforms such as the increased use of markets and prices. The volume concludes with an analysis of the sources of China's export growth and outlines further domestic economic reforms that the author believes will be required to sustain China's integration into the world economy.

Preface; 1. Trade policy and economic development; 2. The prereform foreign trade system; 3. Reforming the foreign trade system; 4. The efficiency of China's foreign trade; 5. Integrated versus partial reforms; Appendices; References.

This study explores the relationship between China's foreign trade reforms and the domestic economic reforms that underlie China's recent policy of openness. It provided the first comprehensive analysis of how China has emerged, since reform began in 1978, as one of the most dynamic trading nations in the world.