A THOROUGH EXAMINATION OF CHINA'S ECONOMIC REFORM POLICIES AND THEIR EFFECTS ON THE COUNTRY'S ECONOMIC GROWTH IS ESSENTIAL
DOI:
https://doi.org/10.61841/c5n3gt84Keywords:
Foreign Direct Investment (FDI), Economic Growth, Trade Liberalisation, China, EconomyAbstract
The research's main focus was trade liberalisation, but it also examined how other economic changes affected China's development. Researchers looked at the change in China in the late 1970s when the economy became less centrally controlled and more open. Trade liberalisation activities, such as lowering tariffs, getting rid of non-tariff trade barriers, concentrating on exports, and integrating China's economy into the world economy, were given top importance. The study focused on analysing the impact of these changes on gross domestic product (GDP) growth, productivity, economic performance, and foreign direct investment (FDI). Quantitative analysis helped the research reach its goals. A structured questionnaire using a five-point Likert scale was used to find out how participants felt about trade liberalisation, economic growth, and reforms. Researchers employed random sampling to make sure that the people who took part were real. Out of the 800 questionnaires that were sent out, 776 were returned. After removing 42 missing responses, the research ended up with a total sample size of 734 valid responses. The findings indicated that trade liberalisation substantially aided China's economic advancement. As trade barriers were slowly removed and connections to global markets grew, industrial efficiency, exports, foreign direct investment, and technological innovation all increased. The paper contended that trade liberalisation was essential for sustaining China's long-term economic prosperity, notwithstanding enduring regional and sectoral disparities. The analysis demonstrated that China's economic development was driven by internal adjustments and coordinated trade. Henceforth, it had been proved that trade liberalisation acquired an important impact on the overall financial development of China in the context of various economic reformation policies in China.
Downloads
References
Abubakar, M. (2024). Globalisation and output growth nexus in sub-saharan Africa: the critical role of trade liberalisation. Journal of the Knowledge Economy, 2218-2240.
Brazys, S., & Vadlamannati, K. C. (2021). Aid curse with Chinese characteristics? Chinese development flows and economic reforms. Public Choice, 407-430.
Busse, M., Dary, S. K., & Wüstenfeld, J. (2024). Trade liberalisation and manufacturing employment in developing countries. Structural Change and Economic Dynamics, 410-421.
Fan, F., & Zhang, X. (2021). Transformation effect of resource-based cities based on PSM-DID model: An empirical analysis from China. Environmental Impact Assessment Review, 106648.
Kastner, S. L., & Pearson, M. M. (2021). Exploring the parameters of China’s economic influence. Studies in Comparative International Development, 18-44.
Kongkuah, M., Yao, H., & Yilanci, V. (2022). The relationship between energy consumption, economic growth, and CO2 emissions in China: the role of urbanisation and international trade. Environment, Development and Sustainability, 4684-4708.
Li, C., & Gong, K. (2023). Does the resource curse hypothesis hold in China? Evaluating the role of trade liberalisation and gross capital formation. Resources Policy, 103975.
Tao, Z., Zhang, Z., & Shangkun, L. (2022). Digital economy, entrepreneurship, and high-quality economic development: Empirical evidence from urban China. Frontiers of Economics in China, 393.
Wang, E. Z., & Lee, C. C. (2022). The impact of clean energy consumption on economic growth in China: is environmental regulation a curse or a blessing? International Review of Economics & Finance, 39-58.
Wei, X., Mohsin, M., & Zhang, Q. (2022). Role of foreign direct investment and economic growth in renewable energy development. Renewable Energy, 828-837.
Wu, M., Wu, J., & Zang, C. (2021). A comprehensive evaluation of the eco-carrying capacity and green economy in the Guangdong-Hong Kong-Macao Greater Bay Area, China. Journal of Cleaner Production, 124945.
Yi, X., Jue, W., & Huan, H. (2021). Does economic development bring more livability? Evidence from Jiangsu Province, China. Journal of Cleaner Production, 126187.
Yin, X., & Xu, Z. (2022). An empirical analysis of the coupling and coordinative development of China's green finance and economic growth. Resources Policy, 102476.
Yu, X., & Wang, P. (2021). Economic effects analysis of environmental regulation policy in the process of industrial structure upgrading: Evidence from Chinese provincial panel data. Science of the Total Environment, 142004.
Zhang, Y., & Dilanchiev, A. (2022). Economic recovery, industrial structure and natural resource utilization efficiency in China: effect on green economic recovery. Resources Policy, 102958.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Yang Lingling, Mrutyunjay Sisugoswami (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
