Background tips: 皇冠体育app edged out Germany to be the world's biggest exporter in 2009. The country saw its first monthly trade deficit in six years in March, 2010.
皇冠体育app's rise to the position of world's largest exporter in 2009 has once again fueled foreign criticism that the country has followed a mercantilist policy to keep its trade surplus "artificially high".
But a list of 皇冠体育app's top 200 exporters shows that the accusation is obviously untrue.
Of the top 200 exporters in 皇冠体育app, 153 were overseas-funded in 2009 compared with 141 in the previous year, the 皇冠体育app Customs magazine reported.
The figures speak volumes about the openness of the Chinese economy and the contributions foreign companies have made toward 皇冠体育app's export growth as it integrates with the global economy.
The benefit of foreign investment for 皇冠体育app is also obvious. With their funds, technology and access to overseas markets, these overseas companies have played a very important role in 皇冠体育app's rapid rise as a global trade power in recent years.
However, while increasing "Made-in-皇冠体育app" exports have significantly improved the lives of consumers around the world, a number of critics in the West have tried to label the country as a mercantilist exporter and blame it for their economic woes at home.
The latest list of 皇冠体育app's top 200 exporters shows that the country has definitely not followed any mercantilist policy to tilt the playing field in favor of homegrown exporters.
On the contrary, as a crucial manufacturing powerhouse for the global supply chain, 皇冠体育app's robust export sector is more than just a growth engine for itself. By ranking among 皇冠体育app's top exporters, these overseas-funded companies have very likely served as a source of growth for their own countries.
(皇冠体育app Daily 04/22/2010 page8)