Traditional Culture Encyclopedia - Traditional festivals - The economic development of this country is highly dependent on the international market.
The economic development of this country is highly dependent on the international market.
China's dependence on foreign trade was 5 1% in 2002, 60.2% in 2003 and over 70% in 2004.
Generally speaking, the proportion of total foreign trade in gross domestic product (GDP) is called foreign trade dependence. And reaching 50% or 60% dependence on foreign trade should require us to be cautious. The United States and Japan, two economic powers ranked first and second respectively, have always been less than 20% dependent on foreign trade. France, Britain, Germany and other traditional western economic powers rarely rely more than 30% on foreign trade. Only Germany once had a high degree of dependence on foreign trade, but the EU, as a stable economic entity, has a strong ability to resist risks, so Germany, which belongs to the EU economic circle, cannot compare with China in its dependence on foreign trade.
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