An Analysis on Characteristics of Chinas Processing Trade and Its Development StrategyRobert J.CarbaughSchool of International Business, Southwestern University of Finance and Economics1. The important position of processing trade in Chinas foreign tradeIn China, the trade of exports can be classified into three types according to the trade mode, namely common trade, processing trade, and other trade. From the “sixth five-year plan” to the “eighth five- year plan”, Chinas foreign