Abstract
Foreign trade has always played an important role in China’s economic development (Eckstein 1966; Chen 1975; Hsiao 1977, Hsu 1989). It has outstripped gross national output since 1950. From 1953 to 1996, gross domestic product (GDP) grew at 10.8 per cent per annum in nominal terms (State Statistical Bureau, Department of National Economic Accounting 1998:3–4). During the same period, the total value of China’s foreign trade increased at an average annual rate of 11.8 per cent in nominal terms, with annual growth rates of exports and imports at 12.3 and 11.4 per cent respectively (State Statistical Bureau 1997:588).
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© 2000 Xiao-guang Zhang
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Zhang, Xg. (2000). China’s Foreign Trade Patterns and Performance. In: China’s Trade Patterns and International Comparative Advantage. Studies on the Chinese Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9780333983911_4
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DOI: https://doi.org/10.1057/9780333983911_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-40982-2
Online ISBN: 978-0-333-98391-1
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