The Analysis of China's Economic Openness and Economic Growth

For defects of the widespread use of foreign compliance and degree of foreign compliance, relative trade dependence index and relative to foreign dependency index being proposed as well as its formula. When analysis China's economic openness, you need to recognize the world economy and the development trend of China's economy should be stressed. The world and China's total import and export trade trends and the world and China's foreign direct investment trends should also be considered. It is obvious to see that financial crisis and the major terrorist attacks have significant impact on the world economy. To prevent the financial crisis is very important to the world economy and its openness. Through analysis to build up China's GDP, China's total import and export trade, China's foreign investment equation cointegration and Error correction model.