| ID | 158907 |
| Title Proper | China's Opening up after 40 Years |
| Other Title Information | standing at a historic turning point |
| Language | ENG |
| Author | Ju, Jiandong ; Yu, Xinding |
| Summary / Abstract (Note) | This paper comprehensively reviews China's openness since 1978 from three aspects: trade, foreign investment and global production sharing. We point out that the economic development of China is now standing at a historic turning point. Specifically, economic changes in China are discussed from four dimensions: (i) from China being a world assembly line to a world manufacturing powerhouse; (ii) from China being a world capital receiver to a world investor; (iii) from China being a world factory to a world market; and (iv) from the situation of “made in China” to “innovated in China.” At the same time, the global economic system has also reached a turning point. A “North America–Europe–Asia” tri‐polar system has formed, in which the USA, Germany and China, respectively, serve as the regional core economies. |
| `In' analytical Note | China and World Economy Vol. 26, No.2; Mar-Apr 2018: p. 23-49 |
| Journal Source | China and World Economy 2018-04 26, 2 |
| Key Words | Trade ; Foreign Direct Investment ; TURNING POINT ; Global Production Sharing ; Reform and Opening-Up Policy |