Structural Changes in China's Import Market for Domestic Demand and Implications
Jung, Jihyun | October 2016
Abstract
In response to changes in internal and external conditions such as the pursuit of sustainable growth and the global recession, China is switching its economic growth strategy to domestic demand-led growth. For this purpose, the country is promoting various plans to boost domestic demand involving heightened urbanization, service sector development, better income distribution, and a broader social security system, and is also working to suppress processing trade, enhance domestic companies’ import-substituting capacity and productivity, and seek industrial upgrading. As a result, imports for processing trade have witnessed a decline, while general trade targeting China’s internal consumption (domestic demand) is rapidly increasing.
Citation
Jung, Jihyun. 2016. Structural Changes in China's Import Market for Domestic Demand and Implications. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/8922.ISSN
2233-9140
Keywords
Free Trade
Trade Facilitation
Trade
Economic integration
Regional Economic Integration
Intraregional Trade
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Economies in transition
International economy
Border integration
Economic integration
Gross domestic product
Trade policy
Trade Regulations
Exchange Rate
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
Communication in economic development
Restraint of trade
International economic integration
Trade blocs
East-West
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