VARADZIN, František, Jan NEVIMA and Kamila TUREČKOVÁ. LONG-TERM TRENDS IN CHINA'S FOREIGN TRADE. In Proceedings of the International Scientific Conference ECONOMIC POLICY. Ostrava: Vysoká škola PRIGO, 2023, p. 252-270. ISBN 978-80-87291-34-4.
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Basic information
Original name LONG-TERM TRENDS IN CHINA'S FOREIGN TRADE
Name (in English) LONG-TERM TRENDS IN CHINA'S FOREIGN TRADE
Authors VARADZIN, František (203 Czech Republic, guarantor, belonging to the institution), Jan NEVIMA (203 Czech Republic, belonging to the institution) and Kamila TUREČKOVÁ (203 Czech Republic, belonging to the institution).
Edition Ostrava, Proceedings of the International Scientific Conference ECONOMIC POLICY, p. 252-270, 19 pp. 2023.
Publisher Vysoká škola PRIGO
Other information
Original language Czech
Type of outcome Proceedings paper
Field of Study 50202 Applied Economics, Econometrics
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
WWW URL
RIV identification code RIV/47813059:19520/23:A0000404
Organization unit School of Business Administration in Karvina
ISBN 978-80-87291-34-4
Keywords in English Foreign Trade; Economic Reforms; Savings; Investments; Economic Growth; Currency
Tags International impact
Changed by Changed by: doc. Ing. Kamila Turečková, Ph.D., MBA, učo 16853. Changed: 7/12/2023 08:00.
Abstract
The main goal of the article is to analyze the impact of foreign trade on China's position in the world economy. This is not a description of short-term trends and the reaction of the economic centre, but we focus on the long-term processes that are associated with changes in the mechanisms of economic functioning. Based on our understanding of the Chinese economy after World War II, there were three basic periods concerning foreign trade, characterized by a different approach to external relations. Each of these periods is semantically unique in meaning and, therefore, specific. We focused our attention not only on the selected macroeconomic indicators, such as gross domestic product, export performance, foreign investment inflows and outflows, but also on China's share of world gross domestic product. To achieve statistical relevance, we compared macroeconomic data in the monitored phases through the median. The values achieved clearly demonstrated fluctuations in the economic activity of the Chinese economy and changes in the position of foreign trade. Our research shows that the Chinese economy has already begun a qualitative change from an export- oriented economy to internal growth in the first decade of the 21st century.
Abstract (in English)
The main goal of the article is to analyze the impact of foreign trade on China's position in the world economy. This is not a description of short-term trends and the reaction of the economic centre, but we focus on the long-term processes that are associated with changes in the mechanisms of economic functioning. Based on our understanding of the Chinese economy after World War II, there were three basic periods concerning foreign trade, characterized by a different approach to external relations. Each of these periods is semantically unique in meaning and, therefore, specific. We focused our attention not only on the selected macroeconomic indicators, such as gross domestic product, export performance, foreign investment inflows and outflows, but also on China's share of world gross domestic product. To achieve statistical relevance, we compared macroeconomic data in the monitored phases through the median. The values achieved clearly demonstrated fluctuations in the economic activity of the Chinese economy and changes in the position of foreign trade. Our research shows that the Chinese economy has already begun a qualitative change from an export- oriented economy to internal growth in the first decade of the 21st century.
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