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On the Rapid Development of Foreign Trade in China’s Zhejiang Province
JOURNAL OF KOREA TRADE
On the Rapid Development of Foreign Trade in China’s Zhejiang Province
Zonghe Zhang · Guo-an Wang*
Abstract
Zhejiang Province is located in the south of the Yangtze Delta region along the southeastern coastal line of China and is one of the economically most developed regions. In recent years its foreign trade has been developed very rapidly and the value of its foreign trade ranks No. four in China, though it is small in area and short of natural resources. On the basis of case analyses and data analyses, the paper at first reviews the development of Zhejiang Province’s foreign trade, then summarizes its foreign trade characteristics and analyzes the reasons for its rapid development. Finally it exposes the barriers to Zhejiang’s exports and puts forward some countermeasures to further increase Zhejiang’ exports.
Keywords: Zhejiang， Foreign Trade，POEs， Development
* Zonghe Zhang: Professor and Associate Dean, The College of Economics, Zhejiang Gongshang University; Guo-an Wang: Associate Professor, The College of Economics, Zhejiang Gongshang University.
Corresponding author: Guo-an Wang, International E-trade Training Center, The College of Economics, Zhejiang Gongshang University, 149 Jiao Gong RD., Hangzhou 310035, P.R. China: Fax: 86-571 Email: tradelaw@hzcnc4 wangguoanhz@hotmail
Introduction
Zhejiang province faces the East Sea and is to the south of Shanghai and Jiangsu, to the north of Fujian and to the east of Jiangxi and Anhui. It is one of the smallest provinces in land area in China and has a land area of only 101,800 square kilometers, accounting for 1.06% of that of the whole country. The mountainous and hilly regions account for 70.4% of the whole area, plains and basins account for 23.2%. While the rivers and lakes account for 6.4%. The number of permanent residents population amounts to 46 million 796 thousand and it has an arable area of 1.6 m
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