This book mainly focuses on the miracle of China’s foreign trade in the past 40 years from five perspectives: first, it briefly reviews the import substitution strategy China adopted before its opening-up;

Part 1. Overview.- Chapter 1.China’s opening-up policies: achievements and prospects.- Part 2. Import substitution & trade protection.- Chapter 2. The economics of price scissors: an  empirical investigation for China.- Chapter 3.Measuring the impact of trade protection on industrial production size.-Part 3. Export-led & firm productivity.- Chapter 4. China’s processing trade: A firm-level analysis.- Chapter 5. Estimating productivity using Chinese data: methods, challenges and results.- Chapter 6. Place-based industrial policy and firm productivity.- Chapter 7. Managerial efficiency and product decision: evidence from Chinese firms.- Part 4. Trade liberalization strategy.- Chapter 8. Measured skill Premia and input trade liberalization:  evidence from Chinese firms.- Chapter 9.Input trade liberalization and import switching: evidence from Chinese firms.- Part 5. All-round opening-up strategy.- Chapter 10. Worker training, firm productivity, and trade liberalization: evidence from Chinese firms.- Chapter 11. China’s free trade ports: Effective action against the threat of de-globalization.- Chapter 12. Forty years of opening up has greatly benefited China’s foreign trade.- References.

This book mainly focuses on the miracle of China’s foreign trade in the past 40 years from five perspectives: first, it briefly reviews the import substitution strategy China adopted before its opening-up; second, it analyzes the export-oriented strategy that contributes a lot to China’s economic growth since 1980s; third, it discusses the impacts of trade liberalization and China’s participation in WTO on Chinese firms; forth, it addresses the deepening opening-up in the context of global financial crisis; last, it provides policy advice on China’s newly conducted all-around opening-up strategy. By dividing China’s opening-up into five stages, this book offers a comprehensive discussion to understand and analyze the reason, performance and challenge of China’s economic growth from the perspective of foreign trade.

Provides a thorough analysis of the reasons and performance of China’s economic growth Illustrates how trade contributed to China’s rapid development in the past four decades Suggests several possible policy designs on China’s deepening opening-up strategy for future development