The Impact of Change in Trade Structure between Taiwan and China on Taiwan Industry
摘要:
In the late 1970s, China's economic policies have changed from the closed one to the opening up to attract the foreign investments. Meanwhile Taiwan's economy is also facing transition in industrial structure. China's opening-up policy provides Taiwan’s business development with a great choice. With trading with China, since Taiwan's rapid capital outflow toward mainland China, the domestic industries are facing the so-called "hollowing out" controversy and other issues. Therefore, there are the domestic industrial structure adjustment and transformation in Taiwan. As we take a close look at the average economic growth rate in China being 5.53% in 1985-90 to 13.35% in 1990-1995, 9.52% in1995- 2000, 14.06% in 2000-2005, 11.22 in 2005-2010. Although the financial turmoil in 2008, the China's economic growth to 2010 is still maintained a high level of 10.33%. The rise of the Chinese economy has drawn the attention of the world. The present study aims to investigate the relationship between the development of cross-strait economic and trade and Taiwan's industrial structure change. The need for trade and economic development means that there are complementary on the two sides. .Changes in the industrial structure often reflects that the competition also exists between Taiwan and mainland China. China has nearly 30 years of economic reform and opening up. The complementary and competitive relationship has existed and been more closely with the globalization.