The Impact Of Export And Domestic Sale On Dongguan Economy

We are facing a complex international environment right now. Americas’economic recovery is weak and Japans’ recovery remains fragile due to the influenceof the nuclear power plant accident. The sovereign debt crisis of some Europeancountries continues while some major developing countries are facing inflationarypressure. Some of the experts that study ifnancial and economic crisis have pointedout that history says some of these crisi’ss can last as long as10years beforeeconomic prosperity returns. Although the European sovereign debt crisis appearedatfer the financial crisis of the United States, it is associated with the U.S. crisisspreading to the rest of the world. The genesis is very complicated and requires a longti，me to solve. These situations bring negative influence to Chinas economy making itdififcult for China to expand their exports. China has to operate under this globaleconomic downturn and the result is that there has been a massive decline in China’sexport contirbution. This decline is expected to last into the future for a fairly longtime, Dongguan exports have played an important role in Chi’nas total exports. NowDongguan foreign trade development is not very optimistic since the net exportscontribution rate of economic growth might be greatly reduced. Does Dongguan,known as the "world’s factory", really rely on exports to stimulate economic growth?This Article adopts the method of combining theoretical analysis and empiricalanalysis. Through reviewing a large number of relevant literature, collectingDongguan government related policies and regulations with years of related statisticaldata and comparative analysis, it was concluded that DongguanTs domestic sales arethe main power driving a sustained and steady development of Dongguan economics.The Dongguan governments1top pirority is to help local enterprises improve qualityand create famous brand products and encourage exports while also intensifyingefforts to develop domestic sales.