China¿s Miracle in Foreign Trade

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This book mainly focuses on the miracle of Chinäs foreign trade in the past 40 years from five perspectives: first, it briefly reviews the import substitution strategy China adopted before its opening-up, second, it analyzes the export-oriented strategy that contributes a lot to Chinäs economic growth since 1980s, third, it discusses the impacts of trade liberalization and Chinäs participation in WTO on Chinese firms, forth, it addresses the deepening opening-up in the context of global financial crisis, last, it provides policy advice on Chinäs newly conducted all-around opening-up strategy. By dividing Chinäs opening-up into five stages, this book offers a comprehensive discussion to understand and analyze the reason, performance and challenge of Chinäs economic growth from the perspective of foreign trade.