The Strategic Comparison of Economic growth between China and South Korea

Abstract

China and South Korea have become other's important trade and investment partners. At present, the overall situation of bilateral economic and trade cooperation is good, and have a bright future. The result of bilateral trade cooperation is remarkable. Since they establish the diplomatic relations, bilateral trade have increased more than 20% annual growth rate, the rate of trade in the history between China and other developing countries is rare. At present, China has become South Korea's second largest trading partner; South Korea is China's fifth largest trading partner. Mutual investment has been also developed rapidly. South Korea's direct investment level is also rising; the investment by Chinese enterprises to Korea also made great progress. At present, Chinese enterprises such as manufacturing and service industries have set up branches or branch office in South Korea to promote bilateral economic, trade cooperation and exchange to make a positive contribution.