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Changes in China's Protective Economic Policy with Economic Development
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경제발전 단계에 따른 중국 보호주의 경제 정책의 변화

논문 기본 정보

Type
Academic journal
Author
Journal
국민대학교 중국인문사회연구소 중국지식네트워크 중국지식네트워크 제11권 제11호 KCI Accredited Journals
Published
2018.1
Pages
87 - 116 (30page)

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Changes in China's Protective Economic Policy with Economic Development
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This paper outlines the historical development process of China 's import substitution industrial strategy and processing trade - oriented trade system. These two policies can reveal the essence of Chinese protection and trade strategy. The Chinese leadership aims to increase the value chain and value creation in China after designing the trade system centered on the processing trade system in order to prevent the external economic shock from spreading rapidly to the domestic economy and to achieve stable growth. It is increasing the proportion of direct processing trade rather than commodity processing trade, raising self-sufficiency rate and continuously promoting import substitution in high-tech industry field. The opening of the capital account is delayed, giving priority to the stabilization of the domestic economy, and after importing into the WTO, imports are controlled by non-tariff barriers.

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