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This book mainly focuses on the miracle of China's foreign trade in the past 40 years from five perspectives: first, it briefly reviews the import substitution strategy China adopted before its opening-up; second, it analyzes the export-oriented strategy that contributes a lot to China's economic growth since 1980s; third, it discusses the impacts of trade liberalization and China's participation in WTO on Chinese firms; forth, it addresses the deepening opening-up in the context of global financial crisis; last, it provides policy advice on China's newly conducted all-around opening-up strategy. By dividing China's opening-up into five stages, this book offers a comprehensive discussion to understand and analyze the reason, performance and challenge of China's economic growth from the perspective of foreign trade.

China's Miracle in Foreign Trade

Part 1. Overview.- Chapter 1.China's opening-up policies: achievements and prospects.- Part 2. Import substitution & trade protection.- Chapter 2. The economics of price scissors: an empirical investigation for China.- Chapter 3.Measuring the impact of trade protection on industrial production size.-Part 3. Export-led & firm productivity.- Chapter 4. China's processing trade: A firm-level analysis.- Chapter 5. Estimating productivity using Chinese data: methods, challenges and results.- Chapter 6. Place-based industrial policy and firm productivity.- Chapter 7. Managerial efficiency and product decision: evidence from Chinese firms.- Part 4. Trade liberalization strategy.- Chapter 8. Measured skill Premia and input trade liberalization: evidence from Chinese firms.- Chapter 9.Input trade liberalization and import switching: evidence from Chinese firms.- Part 5. All-round opening-up strategy.- Chapter 10. Worker training, firm productivity, and trade liberalization: evidence from Chinese firms.- Chapter 11. China's free trade ports: Effective action against the threat of de-globalization.- Chapter 12. Forty years of opening up has greatly benefited China's foreign trade.- References.