Review and adjustment of China's opening strategy

• 来源期刊: 中国财政与经济研究（英文版）
• 关键词: opening strategy industrial structural upgrading global value chain
• 年，卷（期）: 2014,（1）
• 页码范围: 54-69
• 页数: 16页
• 语种: 英文

摘要

In the past 30 years,by targeting the use of external resources and market industrialization as the strategic goals of opening to the outside world and seizing the opportunities first provided by the cross-border transfer of labor-intensive industries in East Asia and then from the external market,China has given full play to its advantages of low manufacturing costs and has achieved remarkable success.At present,as profound changes have been ongoing in terms of China's comparative advantage from its participation in the global division of labor,the transformation of its development model is imminent.Meanwhile,the changing international economic environment also provides China with favorable opportunities through which more advanced production factors and industries can be introduced and global resources be integrated with the enforcement of the “going out” strategy.In such a new period,China should set a target of enhancing its global production value chain and unswervingly implement the opening strategy for mutual benefit and win-win results.By striving to create a favorable external economic environment,further promoting trade and investment liberalization and boosting the upgrading of the industrial structure and export structure,China's soft power and participation competency in global governance will be improved.