Vestnik RUDN. International Relations (Sep 2011)
Chinese Foreign Trade Dynamics and Change of the Country's Position in World Economy
Abstract
The article presents the analysis of dynamics of foreign trade of the Peoples Republic of China, shifts in geographical and commodity structure of export and import since 1995 until present. Their influence on change of country's position in world economy and international trade is revealed. Analyzing the statistical data, authors come to a conclusion that modernization and transparency of economy, expansion of foreign economic relations, considering direct correlation of rates of gross domestic product (GDP) and rates of development of foreign trade of the country, have led to essential strengthening of China's position in world production of manufacturing industry, in world economy, and international trade.