Skip to main content Accessibility help
×
Hostname: page-component-77f85d65b8-pztms Total loading time: 0 Render date: 2026-04-20T05:39:57.499Z Has data issue: false hasContentIssue false

17 - Driving Economic Growth through Trade Policy Reforms and Investment Attraction in the Open World Economy: The Experience of China

from Part III - Selected Development Experiences and Perspectives

Published online by Cambridge University Press:  27 October 2016

Patrick Low
Affiliation:
The University of Hong Kong
Chiedu Osakwe
Affiliation:
World Trade Organization, Geneva
Maika Oshikawa
Affiliation:
World Trade Organization, Geneva
Get access

Summary

Abstract

China achieved a great leap forward in its economic development in the last thirty years, supported by profound trade policy reforms, significant infrastructure investment and utilization of foreign capital, under the overarching state policy of reform and opening-up. Shares of manufactures and services in production have kept increasing, and remarkable export performance has been scored during this period. Additions of labour and capital, as well as competitive costs have largely shaped the economy’s comparative advantages up to now, and they are likely to be replaced by increasing domestic consumption, productivity growth and a greater reliance on services as the main factors sustaining future economic growth, albeit at a slower pace. Nonetheless, opening-up and domestic policy reforms, going hand-in-hand, will continue to play a critical role. The question that this paper addresses from China’s perspective may serve as a reference for the African economies seeking to establish a strong manufacturing base, and to realise economic take-off with the help of a clear opening-up strategy and a proper trade policy toolkit.

Information

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Book purchase

Temporarily unavailable

Save book to Kindle

To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×