Internal & External Macroeconomic Equilibrium And Adjustment Of China's Foreign Trade Developmental Strategy

Along with the renewal of international economic environment and economic developmental pattern, as well as the profound change of economic system, our China's foreign trade developmental strategy once has experienced different stages: trade control strategy, import-substitution strategy, export-oriented strategy and mixed trade strategy. At present, our foreign trade development is being at a new stage: internal & external imbalance. The inside economy is that: our socialist market economic system has been established initially, and the high economic growth also causes a series of contradictions and challenges, the low efficiency of resource allocation with high economic growth. The outside economy is that: favourable balance of payments is expanded persistently and reserve of foreign exchange is enlarged. Under the trendeny of conomic globalization and integration, the problem of internal and external macroeconomic imbalance is getting more serious obviously. Our traditional foreign trade developmental strategy pattern has not already met the need of our economic development. Therefore, at the frame of internal & external equilibrium theory, we need to rethink and orient our foreign trade developmental strategy and bring forword a new theory system of foreign trade developmental strategy to meet reality and provide an operable theoretical illuminate for scientific government interference. The research is of definite theoretical and realitical significance for promoting our national economy developing comprehensively, coordinately and sustainably, and for building health and harmonious society, with following scientific developmental view.Combining internal & external equilibrium theory with international trade theory and foreign trade developmental strategy theory, this article utilizes servral analysis methods, such as integration of logic with history, theory with practice, standard with real diagnosis, crosswise contrast with longitudinal contrast, and so on. After thoroughly understanding the theory of internal & external equilibrium in open-economy system, the relationship between realization of internal & external equilibrium goal and foreign trade developmental strategy, as well as reviewing the foreign trade developmental views in economics of development and the foreign trade developmental strategy practices evolved in developing nations, the article does empirical analyses of our interal & external balanced condition and our traditional foreign trade developmental strategy achievements. The result indicates that the transformation of our macroeconomic movement from the supplies restraint to the demand restraint impells objectively the export-oriented strategy to be in vogue for a long time. However, there is no obvious positive correlation between our export increase and economic growth. The positive role on the economic growth played by our traditional export-oriented strategy is just indirect and limited. The long-term export expansion initiates and expands social and economic internal & external imbalance. Therefore, we should fundamentally surmount the old developmental view of pursuing pure economic growth, choose and construct the open-type interal & external equilibrium-oriented foreign trade developmental strategy pattern, which is the best choice for China, a great developing nation, to realize scientific developmental view, and promote our national economy developing comprehensively, coordinately and sustainably, under the new domestic and international environment.Being more fit for globalization and integration, the open-type interal & external equilibrium-oriented foreign trade developmental strategy is based with internal & external equilibrium theory. Being established in big power economy, the new strategy emphasizes combining inside with outside, supply with requires in order to promote society advance and our economy developing comprehensively,.coordinately and sustainably. The constructing approaches include: To attach ourselves to economy globalization and set a new open idea of foreign trade development. To develop our domestic market greatly. To pay equal attention to import and export, and make efforts to keep import & export balance. To tansform the manner of foreign trade growth, and set up a scientific evaluation system of performance. To develop the service trade vigorously. To combine "come in" with "get out" effectively. To expedite the transformation of our finance system.The main innovation of the paper lies in logic idea and angle of view. Firstly, the paper regards foreign trade developmental strategy as endogenesis variable to coordinate the internal & external imbalance by policy, and then it makes a research of foreign trade developmental strategy at the base of learning the relationship of foreign trade developmental strategy and internal & external equilibrium. Finally, it presents a new pattern: the open-type interal & external equilibrium-oriented foreign trade developmental strategy, which is our best choice at the new domestic and international conditions. Different from traditional foreign trade developmental strategy patterns, the new one may surmount the old developmental view of pursuing pure economic growth.