China's Foreign Economic And Strategic Transformation Of Thinking

This financial crisis brings profound changes in the pattern of the world economy.Affected, our country needs to adjust the existing foreign economic strategy. Analysis fromthe internal system and economic structure in the system of fiscal decentralization of ourcountry, the administrative means to force to control the price of production factors, theinherent problems of the urban-rural dual structure, and local government incentives drawforeign economic status quo of China’s foreign economic imbalances the root causes ofimbalance. Sticking to Opening-up strategy is to enhance China’s international political statusand economic status of the source power. Affected by financial crisis, many problemsincreasingly prominent in the upgrading of product structure, the use of foreign exchangeefficiency and promote the industrial development of China’s foreign economic. Nationalstrength, China and other world economic entities run relationship between the emergence ofnew, important role in the contemporary international economic system becomes significant.Simple efforts to increase the open can not effectively adapt many changes in the currentsituation. Through the analysis of the state of the environment at domestic and internationalcome to the conclusion of China’s foreign economic strategy needs to be adjusted. Assumethe responsibility of a big country and emerging economies to seek new living environment, anew foreign economic and global strategy to cope with the challenges of the world economy,China’s foreign economic comprehensive and sustainable development.China has adopted export-oriented foreign economic strategy. Through data analysis andjudgment of the remarkable achievements of China has made in foreign economic aspects,but also there are many problems: High dependence on foreign trade; Experienced manyyears of foreign trade surplus, China has accumulated a large amount of foreign exchange;China’s export capacity of strong foreign exchange reserves has become the first in the world,but it also reflects the lower efficiency in the use of China’s foreign exchange. Analysisderived from the theoretical point of view of foreign economic capital and foreign exchangeis not the main constraints of China’s foreign economic development, the main constraints isthe technological innovation and upgrading. To arrive at our country needs to make good useof international resources, the breakthrough of factors of production constraints on economicdevelopment, adjust the foreign economic strategy and policy conclusions.This article would analysis China’s foreign economic and global strategy. Andelaborating the need for elaborate global strategic core of the theory and strategy proposed. The reasons and basis for the implementation of foreign economic strategy to upgrade is theadvantages of exports weakened, over-reliance on labor-intensive industries, limitedresources and to maintain domestic and international economic balance. We should developbasic policy at domestic and international about foreign economic and global strategy, to seekincremental reforms, the type of innovation cooperation, mutually beneficial adjustment tocomplete the upgrade of China’s overall foreign economic strategy.Describe the basic measures of foreign economic and global strategy. It should adjust theindustrial structure, making the transition from labor-intensive industries to capital andtechnology-intensive, and avoiding industrial hollowing. Adhere to the principle of ourcountry’s policy. Actively seek foreign economic interests to co-ordinate arrangements forinternational and domestic affairs. Continue to strengthen its overseas investment. Improvethe financial sector reform. Strengthen South-South cooperation, export markets graduallyadjusted to cooperation with developing countries. Give an example about the strategicadjustment has made a useful attempt. The Beijing Consensus is the innovation of China’sforeign assistance. It is an important component of China’s foreign economic global strategyto make its own contribution to the peaceful development of the world economy.