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Cover image for China's external economic relations
Title:
China's external economic relations
Edition:
English ed.
Publication Information:
Singapore : Enrich Professional, 2013.
Physical Description:
viii, 389 p. : ill. ; 26 cm.
ISBN:
9789814332132
Subject Term:
Foreign economic relations.
Geographic Term:
China -- Foreign economic relations.
Added Author:
Saili, Liu

Lin, Zihui

Wan, Freda

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Call Number
Material Type
Item Category 1
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 30000010242531 HF1604 C45 2013 Open Access Book Book
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Summary

Summary

Economic relation is an important aspect of international relations. This book provides a comprehensive and systematic examination of China's external economic relations, offering an up-to-date and well-informed account of its history and development, characteristics, problems, and prospects, focusing on aspects such as China's openness, external trade and Foreign Direct Investment. China's economic relations with different countries and regions of the world are also analyzed in detail.


Author Notes

Zhou Lin is a professor in the Department of International Economics at the China Foreign Affairs University, a guest research fellow at the University of International Business and Economics, and the standing director of the China International Economic Relations Association. He is the author of Introduction to International Economic Relations . Liu Saili is an associate professor and postgraduate supervisor of international economics at the China Foreign Affairs University. She is also the former first secretary of the Consulate General of the People's Republic of China in Toronto.


Excerpts

Excerpts

A more sympathetic view of China came from respected economist and former Morgan Stanley Asia non-executive chairman Stephen Roach. Roach pointed out that between 2004 and 2006 the inflation-adjusted savings rate of American individuals, companies, and the government was only 1% on average, which was the lowest among developed countries. As the U.S. aspires to maintain economic growth despite low domestic savings, it must attract deposits and capital from foreign sources. According to Roach, an operating budget deficit and trade deficit are tools for attracting foreign capital. Based on Roach's argument; it would appear that the U.S. itself needs to take steps to increase its domestic savings in order to reach an ultimate solution to its trade deficit with China. On the issue of RMB appreciation, we would argue that although the exchange rate can affect the price of goods traded, it is not responsible for creating the U.S. trade deficit. Any attempt to pressure China into allowing RMB appreciation does not help to resolve the problem and may, in fact, damage the interests of both countries. Excerpted from China's External Economic Relations by Saili Liu, Lin Zhou All rights reserved by the original copyright owners. Excerpts are provided for display purposes only and may not be reproduced, reprinted or distributed without the written permission of the publisher.
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