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Explaining China's Evolving Trade Structure
Group 2 Janet, Aven, Francia, Vera, Lily, Richard
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Outline Why is this topic important? Shift in China’s trade structure
The implication
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Why is this topic important?
China has become the world’s largest trading nation.(export:#1;import:#2) China is exporting to nearly every part of the world China is becoming fully integrated into the globe economy
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Continuing to upgrade its value chain
2013 Continuing to upgrade its value chain China become indispensable global supply chain 1970s primary goods: crude oil , coal Shift in China’s trade structure 1986 textiles, clothing/resource intensive product to labor intensive product 1995 machinery,electronics/ OEM approach 2001 WTO High tech, new tech grew rapidly. Supply in automobiles, computers, mobile phone, aircraft parts
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The implication of the shift in China’s trade structure
From primary products to machinery and transportation equipment From OEM to OBM From low technical、value-added to High technical、 value-added From world factory to world market
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Conclusion China’s economic reform works
China is successful in the industrial upgrade It demonstrates China’s strong competitive advantages China is increasingly influential economically
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