China’s foreign trade expansion shows new motivation in international trade endowed by transitional economy. Explanation for the motivation tests the hypothesis that import and export in transitional economies is required to expand at abnormal speed while current theoretical descriptions for dynamics complex for international trade are required to be refreshed to meet equilibrium conditions in both short and long term in transitional economies. And findings in this paper show that outward trade diversion has been subject to dually identification from both sector and area dimensions in China's opening episode.

内容提要：对中国利用FDI 的长期实践的观察和计量研究表明，吸引外资对于促进中国国内竞争的制度效应也已显现；随着世界经济科技的新发展和投入要素结构的新变化，外资流入在持续显示其对中国区域经济发展重要作用的同时，开始构造新的影响区域经济发展的功能机制；FDI 活动对中国贸易流向和贸易关系变化的影响也在不断加深。面对全球化在微观层面日益深入和广泛的分解企业价值链和国际分工模式向“波谱模式”转变的重要契机，重新审视和调整中国利用外资的政策和战略，要求以提高科技含量和产业结构升级为中心，多样化利用外资；对中国过去行之有效的外资政策实施科学评估并加以必要的改进；建立起地区间利用外资的政策协调机制。

This paper examined a set of intensive change shown in world trade flows spanning 1997-98 since New Economy emerged from industrial countries, earliest in U.S.A in1997. The findings embodied in the paper implicated that emerging of New Economy has refreshed some tracks of trade flows in case of which trade pattern determined by orthodox law of comparative advantage.