China’s growth in foreign trade has been a source of amazement – and friction – over the last few decades. This program explores how one nation’s trade affairs impact much of the world.
You’ll start the program with an overview of how China operates within the world trade system, including its rise to economic power after decentralization. Topics include the overall structure of China’s trade, the trading of merchandise vs. commercial services, and China’s push for trade diplomacy with other nations.
With unprecedented growth comes new challenges, and this program also addresses the problems present in China’s trade relations. You’ll explore how the nation has been impacted by major trade reforms as China works toward cooperation with the World Trade Organization. Also discussed are China’s trade deficits with other economies, what promotes China’s trade surplus, and trade restrictions imposed by the WTO.
Finally, this course looks to the future and sustainability of China’s foreign trade. Discussions will focus on China’s reputation as a “world factory” and whether that is set to change as the country imports and exports more high-tech and high value-added products. Your studies in business, economics, and international relations are enhanced by insight into this powerhouse economy.