developing countries. As the largest developing country, China has made a lot of efforts to integrate to the global market since … its Open and Reform Policy in 1978 and become the second largest economy in world. So, what is the effect of China's trade … questions this book discusses. This book utilizes classic Western economic models to examine how China's openness policies have …

The paper first analyzes the pattern of trade for China and India in the new century. We find that: (1) Both countries … have high openness ratios that positively associated with their growing labor productivity over years. (2) China’s world …-industry manufacturing products. (4) China exports more complicated and sophisticated products than India, though the gap is narrowing down …