ABSTRACT
Guizhou province is located in China’s southwest, it has a pleasant climate, nationalities, resources, tremendous development potential. However, due to historical reasons, the province’s lags of economic development is behind and low degree of opening to the outside world, foreign trade and the utilization of foreign capital started too late. In 30 years of reform and opening up, foreign trade enters the stage of rapid growth, and it has made a positive contribution to the healthy and stable development of the economy. Especially since it joining in WTO, foreign trade in Guizhou presents the following features:
1.1 The total of foreign trade has grown steadily
Since 2002, the total volume of foreign trade has increased by 9.6 times, the absolute surplus rose by $5.94 billion. Along with exports rising from 440 million in 2002 to 4.95 billion in 2012, 12 times, the absolute surplus rose by $4.51 billion. Imports rose from 250 million in 2002 to 1.68 billion in 2012. This figure was 6.7 times bigger than before, while the absolute surplus rose by $1.43 billion. Surplus of foreign trade increased from 190 million in 2002 to 3.28 billion in 2012. Increasing the scale of foreign trade has given a strong push to foreign economy, and improved the upgrading of industrial structure and export-oriented economy.
