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Exploit the Role of Foreign Trade and Accelerate the Rate of China's Economic Development

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  • He Xinhao

Abstract

Foreign trade under socialism can stimulate economic development in a number of ways. Since the founding of the republic, foreign trade in China has played an active role in spurring the country's economic growth. Nevertheless, it still falls short of China's expectations. So, for the years to come the people must continuously free their minds from conventional ideas, dare to experiment with new measures, realistically draw up production plans, set prices according to international values of commodities, and energetically develop industry and trade. Business deals should be conducted with ingenuity and flexibility and be pushed pervasively over broad areas. Only then can the role of foreign trade be fully exploited.

Suggested Citation

  • He Xinhao, 1983. "Exploit the Role of Foreign Trade and Accelerate the Rate of China's Economic Development," Chinese Economy, Taylor & Francis Journals, vol. 16(4), pages 37-50, July.
    • Handle: RePEc:mes:chinec:v:16:y:1983:i:4:p:37-50
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