All
 
|
 
 


China: socio-economic development and foreign trade
 
PIIS032150750012178-7-1
DOI10.31857/S032150750012178-7
Publication type Article
Status Published
Authors
Mingjun He 
Occupation: Senior lecturer
Affiliation: Kunming Polytechnic University, China
Address: China,
Lyudmila Shkvarya
Occupation: Professor, Department of Political Economy, RUDN University
Affiliation: RUDN University
Address: Russian Federation, Moscow
Xizhe Wang
Occupation: Post-graduate student, Department of Political Economy, RUDN University
Affiliation: RUDN University
Address: Russian Federation, Moscow
Journal nameAsia and Africa Today
EditionIssue 11
Pages11-16
Abstract

The purpose of the article is to identify the factors that providing China, containing a population of millions, the opportunity for stable economic and social development and improving living standards from 2000 to 2019.

 

The novelty of the article is to justify the need and study the potential of China to implement new development model in the medium term. It applies both internal economic issues related to the need for long-term socio-economic growth, and external issues related to the transformation of the world economy and trade. The result of the study shows that China adapts to shocks and crises in a flexible manner, by which to make qualitative changes in economy and politics.

 

It is established that, in addition to quantitative indicators we can also discuss qualitative changes in the Chinese economy, such as improving the quality of life, development of innovative research and digital economy. In addition, it is found that due to both China's growing dependence on the global factors and the growing volatility, it is significant for China to implement new development model in the medium term based on multilateral agreements, such as the "The Belt and Road" initiative and the continuation of Internal structural transformations.

The authors justified a standpoint that China's economic situation is consistently improving due to the well-thought-out policy made by the Chinese leadership, with consideration of both modern theories and traditional approaches.

 

 

The article shows that China is constantly searching for new opportunities; therefore China appears as a pioneer not only in traditional economic activities, but also in the field of innovation and digital economy. Accordingly, the authors hold that the problems existing in Chinese economy will be overcome successfully.

KeywordsChina, China's economy, socio-economic development, foreign trade, "One belt, one road"
Received29.07.2020
Publication date24.11.2020
Number of characters17562
Cite  
100 rub.
When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 1123

Readers community rating: votes 0 

1.   Tian Y. 2019. China-Russia trade cooperation and new impetus to development. Rossiya i Aziya. № 2. (In Russ.)
2. Melyantsev V.A. 2020. China, other developing and developed countries, 1980-2010: comparative analysis of the most important parameters and social consequences of economic growth. Countries of the East in the XXI century: uneven economic growth and inequality of socio-economic development. Moscow. (In Russ.)
3. Solovieva Yu.V., Chernyaev M.V., Korenevskaya A.V. 2017. Transfer of Technology in Asian-Pacific Economic Cooperation States. Regional Development Models. Journal of Applied Economic Sciences. Vol. XII. Issue 5(51). Pp. 1473-1484.
4. Kung-Chung L., Uday S. R. (eds.) Innovation, Economic Development, and Intellectual Property in India and China. Comparing Six Economic Sectors. Singapore, 2019. 513 p.
5. China cloud services market Q1 2020. https://canalys.com/newsroom/canalys-china-cloud-services-adoption-Q1-2020  (accessed 05.05.2020)
6. World Internet Development Report: The Changing Nature of work, 2019. https://www.worldbank.org/en/publication/wdr2019  (accessed 05.05.2020)
7. Skvarya L.V., Wang S. 2019. FEZ of China as a driver of foreign trade. Aziya i Afrika segodnya. № 12. (In Russ.) DOI: 10.31857/S032150750007658-5
8. Melanina M.V. 2016. The role of sanctions in modern conditions of globalization and their impact on the Russian economy. The Genesis of Genius. № 1. (In Russ.)
9. He М. 2020. China - EU: legal framework and trade cooperation at the present stage. RUDN Journal of Economics. № 1. (In Russ.)
10. Shkvarya L.V. 2019. Some aspects of Russian-Chinese relations in the second half of the XIX century. Part 1. Bylye Gody. Russian Historical Journal. Vol. 3, № 53. (In Russ.)
11. UNCTAD database. https://unctadstat.unctad.org/wds/TableViewer/tableView.aspx?ReportId=101  (accessed 05.05.2020)
12. Sluka N.A., Tkachenko T.Kh. 2019. On the way to the Pax Sinica. Russia and Asia. № 1. (In Russ.)
13. Digital China 2020: An action plan for Chinese enterprises. https://www.accenture.com/t20160905t021124__w__/cn-en/_acnmedia/pdf-29/accenture-insight-digital-china-2020-en.pdf  (accessed 05.05.2020)
14. Zhu X. (2012) Understanding China’s growth: Past, present, and future. Journal of Economic Perspectives. Vol. 26. № 4. Pp. 103-124.
15. Boni L.D. 2020. China: elimination of poverty. Part 1, 2. Aziya i Afrika segodnya. № 8, 9. (In Russ.).  DOI: 10.31857/S032150750010444-0; 10.31857/S032150750010854-1

Система Orphus

Loading...
Up