Globalization and China's Economic Policy

Author: Chen Jian
Publisher:
Publish Date: 2006-10-01
Features: Since the implementation of the reform and opening-up policy, China's economy has made significant progress in industrial restructuring, circulation system reform, governance of the financial and securities market, modernization of production and labor processes, agricultural sector reform, and strengthening international economic relations. This has led to tremendous changes in the living structures of China's 1.3 billion population. China has established its position as a major economic power with a significant impact on the global economy, a leading trade nation, and a major investor attraction. China's economy has achieved high-speed and sustainable development through coordinated cooperation with the United States, Europe, and various countries and regions in Asia. Moreover, foreign direct investment (FDI) led by multinational corporations has become one of the primary driving forces behind China's continuous economic growth. The term "globalization" is used in the title of this book to reflect the current reality of multinational corporations entering the Chinese market and becoming a crucial factor in economic development. The formation of today's international economic relations largely depends on the production, circulation, and allocation of resources, or international division of labor, dominated by multinational corporations. This book explores the current state of the Chinese economy from a policy perspective, focusing on analyzing the economic policies that have shaped the foundation of the current Chinese economy and proposing specific policy recommendations.