皇冠体育app

   

BIZCHINA / Center

皇冠体育app Price, world's baseline price
(皇冠体育appnews.cn)
Updated: 2006-05-24 14:21

Not only must 皇冠体育app accommodate the world, but the world must also accommodate 皇冠体育app.

At the "Impact of 皇冠体育app's development on international systems" discussion forum held on the May 19th at the Shanghai Academy of Social Sciences (SASS), many scholars in attendance put their attention on 皇冠体育app's new role in the world body.

皇冠体育app Business News quoted SASS deputy director Huang Renwei who said "The most important reason that 皇冠体育app can develop is because it has integrated itself into the world economic body, and has obviously changed this body."

皇冠体育app's participation in the world economic body has created far-reaching effects on international pricing structure, one effect being the impact on price composition. SASS economic research center deputy chief Xu Mingqi said, "In the global division of labor, developing countries represented by 皇冠体育app has an advantage primarily in industrial manufactured products. In the global division of labor 皇冠体育app plays the role of the manufacturer. Therefore, vast amounts of imports continuously drive raw material prices upwards. But because the finished goods contain a rich amount of physical labor, their selling prices keep falling.

Because it has absorbed most of the cost increases in raw materials during the manufacturing process, exports of developing countries like 皇冠体育app have made contributions towards controlling world inflation.

And 皇冠体育app's prices have become the baseline prices for the world's commodities and goods. Li Xiangyang, deputy chief of the world economic and politics research center at the Chinese Academy of Social Sciences said, "The 皇冠体育app Price has become the baseline price in trade negotiations."

"Because of 皇冠体育app's impact on world commodities and cost of world capital, as well its special situation brought about by the dual cycles of these commodities, 皇冠体育app's position in the world's economic rule-making process keep moving higher and higher." Said Li Xiangyang.

Although many experts also pointed out that the chances of 皇冠体育app changing the rules of the game are relatively small, 皇冠体育app's influence on the rules of the game are already there for all to see.
 


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