This paper analyzes the impact of opening up on China's technology progress from a new perspective of the lock-in effect of the resource allocation in an open economy.On the basis of a simple neoclassical allocation model,we explain the probability of path dependence existing in the development...
As an important part of China-U.S. relations, business cooperation between the two countries has brought many tangible benefits to the two peoples, Xi stressed, adding that China will remain firmly committed to advancing high-quality development and high-standard opening up, and to fostering a m...
Thirdly, China will maintain its high-level opening-up, and keep foreign trade and foreign investment stable. The size, quality and good reputation of China’s business with the world have been ever-growing, and that...