What is international trade?
International Trade is termed as the exchange of goods, and services across international territories or borders. In most countries, it gives a significant share of gross domestic product (GDP). In 2010, the value of international trade reached 19 trillion (current US) dollars, i.e. approximately 30% of the world GDP. Which is, about one third of the produced goods and services are exchanged internationally across the globe.
WHY STUDY INTERNATIONAL TRADE IN CHINA
International trade, as a major factor of openness, has made an increasingly significant contribution to economic growth. Chinese international trade has experienced rapid expansion together with its dramatic economic growth that has made the country to target the world as its market. This research elaborates on the role of international trade in China’s economic growth. It begins with a review of conceptions as well as the evolution of China’s
International trade regime and the policy that China has taken in favor of trade sectors. In addition, China’s international trade performance is checked extensively. This research then teaches about the effects of international trade on Chinese economic growth through examining improvement in productivity. Both econometric and non-parametric approaches are applied based on a 6-year balanced panel data of 31 provinces of China from 2002 to 2007. For the
Econometric approach, a stochastic frontier production function is estimated and province specific determinants of inefficiency in trade identified Both international trade volume and trade structure towards high-tech exports result in positive effects on China’s regional productivity. The eastern region of China has been developing most rapidly while the central and western provinces have been lagging behind in terms of both economic growths
and participation in international trade. Policy implications are extracted from the empirical results accordingly.
Top ten international trade universities in China.
1 University of International Business and Economics
The University of International Business and Economics (UIBE), situated in the northeast of Beijing, was founded in 1951. UIBE is a national key university under the leadership of the Ministry of Education, and is also a part of "Project 211", a governmental program aimed at turning about 100 Chinese universities into exceptionally high quality academic institutions in the 21st century. Now UIBE is one of the most important institutes for talents' training and scientific research on Chinese economic and business development.
2 Hunan University
Hunan University, situated at the foot of the picturesque Yuelu Hill and on the west bank of the rippling Xiang River in the historically and culturally renowned City of Changsha, capital city of Hunan Province, is honored as an "Ancient Millenarian Academy, Famous Centennial University". It is one of the key universities affiliated with the Ministry of Education and is now included in the state's "Project 211" and "Project 985" for priority investment and construction. Professor Liu Keli and Academician Zhong Zhihua are respectively the Party secretary of the CPC Hunan University Committee and the president of the university.
3 Nankai University
Nankai University is commonly known as Nankai, is a public research university located in Tianjin on mainland China. Founded in 1919 by educators Zhang Boling (1876-1951) and Yan Fansun (1860-1920), Nankai University is a member of the Nankai serial schools. It is the alma mater of former Chinese Premier and key historical figure Zhou Enlai. Nankai University is regarded as one of the top and first class universities in China.
4 Xiamen University
Xiamen University is colloquially known as Xia Da, located in Xiamen, Fujian province, is the first university in China founded by overseas Chinese. Established by Mr. Tan Kah Kee in 1921, the university was originally known as the University of Amoy. The school motto is "Pursue Excellence, Strive for Perfection. The university is one of many comprehensive universities directly administered by the Chinese Ministry of Education. In 1995 it was included in the list of the 211 Project for the state key construction; in 2000 it became one of China’s higher-level universities designated for the state key construction of the 985 Project. According to University Undergraduates Teaching Assessment and Chinese Universities Evaluation Standings, the university is ranked 11th in China and has maintained the top 20 ranking in China, among which 6 subjects reach A++ level, including economics and management, music, law, chemistry, journalism, communication and mathematics.
5 Renmin University of China
Renmin University of China; RUC, also referred to as People's University of China is an important research university in Haidian District, Beijing. Its campus neighbors those of Peking University and Tsinghua University. Renmin University is one of the most prestigious universities in China, with a distinct focus on humanities and social sciences. Renmin University has produced many influential figures in China's reform and development, and is home to many outstanding scholars in law, economics, journalism and other fields. As measured by admission scores of China's National Higher Education Entrance Examination, Renmin University has consistently ranked among the top three most selective Chinese universities in the liberal arts and social science division.
6 Jinan University
Jinan University is a public research and comprehensive university based in Guangzhou, Guangdong province, China. It is one of the oldest universities established on Mainland China tracing back to the Qing Empire. In 1996, it was included in the list of the 211 Project for the state key construction. It is a university administered by the Overseas Chinese Affairs Office of the State Council and the Chinese Ministry of Education.
7 Dongbei University of Finance and Economics
Dongbei University of Finance and Economics is one of oldest and largest modern universities in Dalian, and it is home to over 20,000 students. Today's DUFE is one of the top schools in the field in China; its graduates are occupying high-level positions in government and industries, especially in the banking and finance sectors. DUFE serves as a multidisciplinary, teaching-and-research-oriented university focusing on economics, management, law, arts, and science. It offers full-time and part-time education programs; for full-time programs, DUFE is now offering three first-level mobile stations for post-doctoral research—applied economics, theoretical economics and business administration; 42 PhD programs, 72 master’s degree programs, including MBA, MPA, MPAcc, J.M., etc. and 31 undergraduate programs. In all the disciplines, there are two key state-sponsored disciplines—industrial economics and public finance (including taxation); one key state-supported disciplines—quantitative economics; and three state-level majors with their own characteristic—accounting, finance and business administration.
8 Liaoning University
Liaoning University is one of the key universities listed in the nation's "Project 211" and affirmed by the Ministry of Education. Altogether, the University has forty-three undergraduate disciplines, fifty-three master-degree-granting disciplines, including MBA and JM. The University is also invested with authority to grant doctorate of philosophy in theoretical economics (the first level discipline) and nine other doctorates (the second level discipline). Furthermore, the University has three mobile stations for post-doctoral studies to its credit, with two national key disciplines of world economy and national economy in addition to a base for cultivating personnel of basic national economy, and a key base for research on humanities, and a center of research on the system of comparative economy as designated by the Ministry of Education. The University has eleven province-level key disciplines and one test and detection center.
9 Wuhan University
Wuhan University is located in Wuhan, Hubei, China, and is administered by the Ministry of Education of the People's Republic of China. Both Project 985 and Project 211 as a major receiver of state funding selected it. The university is situated at Luojia Hill, with palatial buildings blending the Chinese and Western style. It was commonly regarded as one of the most beautiful campuses in China.
10 Zhejiang University
Zhejiang University, sometimes referred to as Zheda, is a national university in China. Founded in 1897, Zhejiang University is one of China's oldest institutions of higher education. It is a member of the C9 League and Yangtze Delta Universities Alliance. Zhejiang University is located in the city of Hangzhou, Zhejiang Province, approximately 112 miles (180 km) southwest of Shanghai. Zhejiang University Library collection contains about 7 million volumes, making it one of the largest academic libraries in the country.
