The Liberalisation Effect of China Foreign Trade Policy for the Emerging Industries and Economic Growth

In this research work, Author focus on the analysis of the liberalization effect of P.R.China foreign
trade policy for emerging industry and economic growth. What indicates the importance and
innovativeness of the research is the presentation of the technical progress in P.R.China and the
benefits resulting from liberalized of the China foreign trade policy under WTO. Accordance to the
foreign trade policy theory further trade liberalization and improved framework policies would increase
trade and promote growth. It must be emphasized that open to trade is associated with higher
incomes and growth and there are the need for new approaches to trade cooperation in light of the
forces that are currently re-shaping international business. The key of trade developments within the
broader socio-economic context is especially the rise of global supply chains, the general shift of trade
power away from the West towards Asia. In the new circumstances for the development of the global
economy and the global trade, People Republic of China seems to be a production superpower, able
to change the world trade. In many areas it possesses comparative advantages. China may continue
their development to specialize in electronics and increasingly in services. With or without further
trade agreements, services will be more traded and trade policies will have to adjust to changes in the
organization of global value change. The question raised is whether the West will see China’s rise as
an opportunity for cooperation or for conflict. Economic growth is generally more preferable in China
to military and extensive expansion. With new investments, a country can transform its position
through industrial expansion at home and sustain it through international trade. China is especially
sensitive to the advantages of intensive growth and will not wish to disrupt essential economic
arrangements that have been crucial to her success. The main aim of the article is the presentation of
the liberalization effect of P.R. China foreign trade policy for emerging industry and economic growth.
In the article presents the variation in the foreign trade policy among states, intensive economic
growth and inequality development in China, the liberalization of China trade policy under World
Trade Organization (WTO) and their effects, the tendencies to international trade liberalization in
China and the problem of environmental protection, and the tendencies to bilateralism in the foreign
trade policy of China.