Pei Changhong: The Outlook for China’s Open Economy

Abstract: The author argues that China’s open economy will have the following features: the percentage of China’s commodity exports to the world total will continue to increase, possibly reaching around 15% by the end of the 12th Five-year Period (2011-2015), and around 20% by the end of the 13th Five-year Period (2015-2020) or during the 14th Five-year Period (2020-2025); commodity imports and the service trade will continue to expand, with measures to stimulate import volume and optimize the import structure, prioritizing service imports; Chinese enterprises will go global by investing more on production-related entity projects and attracting more foreign investment with improved business quality; with its traditional international competence of profound land and labor resources, China will cultivate its new international competence.

Keywords: China, Open economy, Development outlook

Source: China Finance and Economic Review, Volume 2, No.2, 2013