郑州大学商学院金融外文文献翻译
题 目： WTO and Capital Peking’s Economy
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WTO and Capital Peking’s Economy
J effrey J . McMillan痞子阿姆mv
ABSTRACT
China’s accession to the WTO is an important event of our economic life in the cour of reforms and opening. Therefore, Peking Municipal Government has established a special rearch team, which is designated to the study on the subject of China’s accession to the WTO and its impacts on the economic development of the capital. Here are only some views on the primary results of the rearch.
I. Impacts on the economy of the capital
chace China’s accession to the WTO means that our country will integrate and participate in the cour of the economic globalization with an unprecedented extent and depth, and Peking will be in a brand new environment of development. The requirements of the m真情永驻arket system reflected by the free trade principles and rules advocated by the WTO and the industrial orientation implied in the furtherance of the new international division of labor are consistent with the general direction of the economic development of the capital. In front of the wider
opening of the market system, Peking, a city as the center for international communication, is endowed with resources of advanced technology and education, stronger comprehensive economic power and a fully established foreign-oriented pattern of multiple levels involved in wide fields, and thus Peking is in a more favorable competitive position as compared with other areas possibly with some relative advantages in international competition. Therefore, with correctly determined development strategy and tactics and initiatives in making full u of advantages and avoiding disadvantages, Peking may maximally share the benefits and opportunities brought forth by China’s accession to the WTO and reduce the shocks and pul, hence facilitating the promotion of the economic development of the capital.
夏浦 II. Basic principles to be obrved in developing the economy of the capital upon China’s accession to the WTO
Upon China’s accession to the WTO, the economic development of the capital sha
ll abide by the principles of comparative advantages and stick to the principles of reforms and innovation and the principles of the balance of focus on both domestic and forei有道翻译英语gn opening, thus pushing the economic growth and increasingly expanding the three demands for investment, consumption and import and export.
In view of investment, it is initially estimated that for the first years upon China’s accession to the WTO, the domestic investment growth will be impacted by about 1--2%, the growth of the utilization of foreign investment will be impacted by 8--10%, and calculated on the basis of the current investment composition, total investment of fixed asts will witness a growth of 2--3.5%. Bad on the elasticity of fixed ast against GDP from 1982 through 1998, the growth of GDP will be promoted by 1.5--2.5%. In view of consumption, during the initial period, China’s accession to the WTO will promote the growth rate of total residential consumption by 1--1.5%, and the growth rate of the ultimate total annual consumption will be promoted by about 0.6%, which means that upon complete realization of the agree
ment commitments, China’s accession to the WTO will promote the growth of total residential consumption by 5--6% in Peking, with the growth of the ultimate total annual consumption promoted by about 4%, thus bringing forth the growth of GDP by 2--2.5%. In view of import and export, the export of the traditional advantageous products of Peking Municipality will witness more growth, especially that of light textile products and mechanic-electrical products. Upon China’s accession to the WTO, the demands for import of the whole municipality witness obvious increa at the growth rate over that of export, and the situation of more import than export may not change. In view of employment, general trend is that the sustained economic growth will bring forth the increa of total employment, and the situation of more supply of labor than demand may be alleviated. Especially, the total introduction of foreign investment by Peking will witness more growth, and the development of tertiary industry will be accelerated, which may create new jobs though the pressure of employment is still big in a short term. With the accession to the WTO，the economic development of the capital is sure to face a i
ssue of optimization and upgrading of industrial composition. According to our analysis, the industries with more development opportunities of the capital mainly include agriculture, hi-tech, foods industry, light industry, tourism, scientific, educational, cultural and health caus, information consulting industry, and exhibition industry. The industries with more challenges of the capital include electronic and communication equipment manufacturing industry, petrochemical industry, auto industry, machinery industry, metallurgical industry, building material industry, financial and insurance industry, commercial and beverage industry, transportation and post industry. Accordingly, we will carry out adjustment of industrial composition bad on the above-mentioned analysis.
younggir第一次young III. Impacts on foreign economy and trade of the capital
At prent, there exists obvious gaps between the foreign trade management system of our country and the requirements of the WTO, which are embodied as follows:
（1）Incomplete system of laws and regulations;
（2）High import tariffs;
（3）Numerous onus administrative measures of import and export: currently, 35 varieties of import commodities and 59 varieties of export commodities adopt licensing administration, most of which are not permitted for imposition of import and export restrictions by the WTO;
lewa （4）Failure to fully implement non-discriminatory principles, such as not adopting national treatment with foreign investment enterpris;
（5）Insufficient transparency in foreign economic and trade policies.
（6）The resources control and environment pressurecrumble
Peking belongs to rious water shortage region, person all the water resources shortage 300 sign a square rice, only occupy quantity for the national person of 1/8,
person in world all occupies quantity of 1/30, the water resources supply and demand antinomy's turning wor continuously will be the suburban area economy to develop main check and supervision factor;Resources quantity in land is limited, spare resources shortage, the agriculture us ground to reduce gradually;The village labor force character is hard to satisfy the objective demand that the economy develops quickly.In the meantime, the suburban area is the ecosystem natural cover of the capital city, the ecosystem environment foundation still weaker, constuct and protect ecosystem environment and carry out and can keep on a development to face huge mission of in the economy the development the process.
Face new situation, the suburban area economy the development still exists some antinomies and problem, main performance at:The economic total amount and structure and capital city position,economy movement mechanism and market economy request,the industrialization level and modernization strategy,small town the development and construction internationalize the metropolis,the farmer incom
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e growth speed and contract the city country difference, etc. still exists not adapt of place.How develop the niche,science and technology,information of the suburban area well etc. advantage, resolve the antinomies and problem further, BE"15" periods speed the suburban area economy development step,the exaltation agriculture and village modernize level face of important topic.
The influence that joins WTO to the capital city outside traid mainly express for the traditional advantage product export growth, the exit of the traditional market steady growth, the newly arin market export will have already greatlied compare to increa as well, each kind of product that export a business enterpri is subjected to the influence degree dissimilarity, the overas-funded enterpris advantage is obvious, outside traid the professional company difficulty compare greatly, import may significant growth, rve the trade income and expend all will with sooner the speed increa.
