@inbook{1dcb4e905e3746e4be0423c345cd7286,
title = "Trade Promotion and Assistance in People{\textquoteright}s Republic of China and Hong Kong",
abstract = "With the economic reforms of 1979, the People{\textquoteright}s Republic of China has embarked on a mission to move from a planned economy to a socialist market economy. China{\textquoteright}s GDP has grown from $25 billion in 1978 to $691 billion in 1995 with an average growth rate of nearly 10 percent during the past 17 years. China is the fifth largest economy in the world and 11th largest trading nation as of the end of 1995. China has the largest trade surplus with the United States. Trade promotion in the PRC is through attraction of foreign direct investments and offering incentives to the foreign enterprises to enhance exports. This policy ensures PRC transformation from its traditional export base of low tech, labor intensive raw materials, silk, textiles, toys, and agricultural products to engineering goods, semifinished goods, and industrial products. China has promoted trade through the attraction of foreign direct investment and preferential tax treatment for enhancement of exports.",
author = "Naidu, {G. M.} and Zhao Xiaodi and Chan, {Allan K.K.}",
note = "Publisher Copyright: {\textcopyright} 2015, Academy of Marketing Science.",
year = "2015",
doi = "10.1007/978-3-319-17320-7_91",
language = "English",
isbn = "9783319173191",
series = "Developments in Marketing Science: Proceedings of the Academy of Marketing Science",
publisher = "Springer Nature",
pages = "332--333",
editor = "Sidin, {Samsinar MD} and Manrai, {Ajay K.}",
booktitle = "Proceedings of the 1997 World Marketing Congress",
address = "Germany",
}
