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3441.C 我国纺织品出口比较优势与竞争优势 英文文献
Liberalization of Chinese Economy: APEC, WTO and the Tariff Reduction
Zhang Yunling[1]
Significant progress has been made in liberalizing Chinese economy since late 1970s, which is a natural result of the reform and opening of the economy. The gradual integration of Chinese economy into the world market has created an interactive network of economic activities between China and the rest of the world, thus made Chinese market increasingly opened This is not a offer from China, but a mechanism for economic development. China’s involvement of the regional and international organizations is an integrated part of this process.
I. Progress of China’s Economic liberalization
1. Reforms of China’s Foreign Trade System
Since 1979, foreign trade system has undergone remarkable changes. In 1988, foreign trade companies began to apply the contract management responsibility system. In 1991, export subsidies for foreign trade were abolished and a system of being responsible for their own gains and losses adopted. In 1994, with the reform of the foreign exchange and foreign trade system, with merging the official rate and the market rate of RMB at its core, a single, managed RMB floating rate system based on supply and demand of the market was established. Starting from 1996, the currency, RMB, became convertible for the current account.
Significant progress has also been made in the reform of the import and export trade system:
Starting from 1994, mandatory plans on the total import and export volume, export earning of foreign exchange and import spending of foreign exchange were relinquished and a system of guiding plans was introduced. A unified tax reimbursement system under the central finance is gradually established. In accordance with the principles of efficiency, fairness and openness, favorable conditions are actively created for public bidding, auction or standardized allocation for the quotas on import and export commodities.
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