China’s Export-led Growth Model; Its Double Transition and Evolution in Future Years

China benefits from the economy in terms of demographic changes and transition from urban areas to rural areas. But these are not the only reasons for China's economic success. Its economic growth has contributed to its achievement by government policies, international political relations such as accession to the World Trade Organization, and a variety of other factors. In 1963, "Alternate Birth" was done, so a large population was born (Naughton 166) due to a decrease in the number of births and an increase in the number of deaths due to major famine.

It uses a simple numerical model to investigate China 's export - oriented growth political economy. Since the 1990s, China's export-led growth strategy has gradually become a model that depends greatly on achieving "competitive reduction" (RTB) - strategic reduction of production standards - cost competitiveness. And income growth, the so-called "RTB growth model". The RTB brings about an erroneous increase in total factor productivity and underestimation of the real exchange rate of the RMB, stimulating exports and promoting strong growth of national income. This is called "RTB rent" (Tang 2012). However, as reflected by China's large macro tax burden and serious income disparity, this real rental housing rent was mainly due to government and government special interest groups, and real wage growth stagnated. On the other hand, distortion of income distribution helps maintain underestimated real exchange rate by suppressing internal consumer demand.

Muhammad Adnan Hye, (2012) conducted research in China. The purpose of this paper is to investigate export orientation oriented growth, growth-oriented export, import-oriented growth, growth-oriented import and foreign trade. Assumption of sustainability For China, the annual time series data from 1978 to 2009 was used. The results showed that there is a two-way long-term relationship between economic growth and exports, economic growth and imports, and exports and imports. These conclusions are based on the fact that export-led growth, growth-driven export, import led growth and growth-driven import hypotheses are effective while China has concluded that the foreign economy is sustainable To lead. . Long-term elasticity means that the elasticity of economic growth against exports is 0.591 and the elasticity of exports to economic growth is 635. Economic growth elasticity to import is 0.621, and import elasticity to economic growth is 392.