CHINESE TRADE: MORE RELIANCE ON THE CAPITALIST BLOCK

China is the most populous country of the world having a total population of 1010 million at the end of 1981. A few decades ago she was considered to be one of the backward economies of the Third World, but the result of zealous and concerted efforts has been China's emergence as a major trading power among the developing countries. The major trading partners of China belong to the capitalist block — Japan, the USA, West Germany, the UK and Hong Kong. In some areas China has now outplaced Japan in the race to capture international markets.