China’s foreign trade: Reform, performance and contribution to economic growth

Abstract

Over the past four decades, China has successfully transformed from a nearly closed state into a fully integrated international economy and has become an active participant in global markets.In particular, since China's accession to the World Trade Organization (WTO), its foreign trade has achieved rapid growth and transformation.Integration into international production networks and global value chains has seen China evolve into a global manufacturing and trade centre, contributing to its rapid economic growth.This chapter briefly reviews China's foreign trade policy transformation since 1978, and then examines the performance of China's trade and its impact on economic growth.

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