Study on the Transformation and Upgrading of China’s Processing Trade

Abstract

Processing trade is an important part of Chinese economy and the main content of foreign trade, which has become important driver of Chinese foreign trade export growth and trade ways. Since Chinese reform and opening up policy, not only has processing trade promoted the sustained growth in foreign trade, but also played a positive role in increasing the national income, solving the employment, introduction of foreign investment enterprises develop national aspects. However, unbalanced development between regions and increasing RMB appreciation pressure has resulted in more trade friction between China and western countries. This article puts forward some countermeasures to promote transformation and upgrading of processing trade, based on the analysis of China's processing trade present situation and existing problems.