DOI: 10.36347/sjebm.2014.v01i04.006

Pages: 168-178

Abstract: China’s integration into world economy after its accession to WTO has proved a milestone in its economic success. It has emerged as a largest merchandise trade giant surpassing all the countries the in the world. In the present paper, an attempt has been made to measure its openness to foreign trade, role in international trade and the changing trade structure, for that Trade Openness Index, Major Export/Import Category Index, Revealed Comparative Advantage Index have been used. It has been found that from 1970 to 2007, its foreign trade openness has increased ten times. Its export structure has shifted from primary goods to manufacturing goods and import structure has shifted from manufacturing goods to primary products. Its increasing share of export and import in world market has astonished the entire world.