How to Improve China's International Trade Essay

How to Improve China's International Trade - Essay Example International trade in China nowadays is the most developed form of international contacts. The Chinese international turnover during the years of reforms has grown from $10 billion in 1978 to $325 billion in 1997 (the positive balance equals to more than $40 billion). By the international trade volume China now takes the third place in the world, with its export and import in 2005 equaling to $1422.1 billion. (Lloyd 2006, p. 389) More than 220 countries have international trade relations with China, among which are USA, Japan, European Union, Korea, Taiwan, Russia, Australia and Canada. On July 1st, 2004 China adopted a new law 'About International Trade'. With the aim of stimulating the international trade, this law has replaced the regime of considering and registering the right for carrying out external economic operations for the simple system of registration, and there have been created strict regulations, relating to import and export of goods and technologies, international s ervice trade, international trade order, as well as the protection of copyright according to the abovementioned order. (Garnaut & Song 2005, p. 27) The dependence of Chinese economy on the international trade has grown significantly, which witnesses about its deep involvement into the world international ties and processes. Though China takes the third place in the world economy by the international trade volume, its weight in it can still become higher. The main obstacle for this is the low quality of the bigger portion of the goods, produced by the processing industry, which don't survive the rivalry of the similar products on the world market, and the absence of possibilities for increasing the raw materials export. The main task of the Chinese export policy is the providing of import financing, which is built with the account of the international conjuncture. The main efforts are directed at stimulating predominant growth of finished goods' export with the growing portion of science-heavy products; these processes are accompanied by achieving the quality of goods, which will correspond to the international quality standards . Considerable growth has been achieved in the total volume of finished goods' export, which by the beginning of 90s constituted already 2/3 of the Chinese export. The first place in export (50%) belongs to the consumer goods, among which clothes, shoes, toys, etc. An important place in the international trade of China is taken by the raw materials processing with the further export of the finished products - it constitutes about 50% of the total country's turnover. China is the leader in exporting textiles and silk. Textile industry is the main source of foreign income for China. (Kent 2002, p. 344) Less than 20% of export accounts for machine building and electro technical products. The growth of the specific gravity of these products in the world export is being restricted by the fact, that their quality is not competitive with that of other suppliers. The portion of Chinese machine building in the world export does not exceed 0.3%. (Manilla Bulletin 2005, p. 12) The structure of the international trade in China was described here to decide, what challenges are set in front of Chinese economy and foreign trade as the essential part in its development. The definition and determination of challenges will lead us to the definition of

Weapons of mass destruction Essay Example | Topics and Well Written Essays - 2500 words

Weapons of mass destruction - Essay Example It makes other states in the world fear the state which possesses it. The states which are known as super powers in the world possess these kind of weapons. The weapons are lethal in nature and can kill millions of people. However on the other hand it destroys the whole peace in the world. It not only disturbs the peace of this world but also destroys the pleasant environment prevailing in this world. Nowadays the weapons of mass destruction have expanded so much that they are falling the wrong hands. And steps are being taken to ascertain that these weapons are in safe hands. The ‘Weapons of Mass Destruction’ have both pros and cons. This article would further review the weapons of mass destruction in accordance to the world and environment. It would describe the advantages and disadvantages of these weapons. (Rivera 2004) Weapons of mass destruction are of many kinds like nuclear, biological, chemical and radiological. These weapons are made from the natural organisms or toxins and are made with an intention to harm or kill the opponent or enemy. These weapons are made from different elements and techniques but all of these kinds are created to kill and destroy the rivals. These weapons are capable to kill a large number of people and possess such a great power that these can destruct a vast area of land (Simons, Johnson 2002).The weapons of mass destruction can be segmented as being nuclear, biological, chemical and radiological. The chemical weapons are the ones which release gas, liquids and aerosols. They are of a lethal nature and are a threat to the people. These chemical weapons are of different types. One is the type which releases in the environment quickly and does not long for a great time. However the other type gets released in the environment steadily and lasts for decades. This type of chemical weapons is known to be very lethal for people. The chemical weapons act on the internal