China’s State-Directed Economy and the International Order

Description

This book explores the legal implications of China’s state-directed economic model for the existing international economic order. It first reveals the close links between the market and the state in contemporary China by profiling an emerging triple role of the state in the economy. It then explores how the domestic legal system underpins the distinctive market-state relationship, before analysing whether essential norms of international economic law, which bracket the international economic order, are able to adapt to China’s innovative market-state relationship. The book argues that the international economic order is inherently limited since it tends to adhere to an orthodox dichotomy, with a clear boundary between the market and the state. It also suggests that China’s new state-market relationship has challenged the dichotomy – the state does not intend to eliminate the functioning of the market but, conversely, utilises a market mechanism and makes itself more integrated into the market. Lastly the book proposes a fresh perspective to comprehend the ‘market-state’ question, which does not to take for granted that all market-state relationships are mutually exclusive. Front Matter ....Pages i-xvii Introduction (Luyao Che)....Pages 1-20 Front Matter ....Pages 21-21 Concept of State-Directed Economy (Luyao Che)....Pages 23-52 Front Matter ....Pages 53-57 Public Law of China’s State-Directed Economy (Luyao Che)....Pages 59-79 Private Law of China’s State-Directed Economy (Luyao Che)....Pages 81-117 Front Matter ....Pages 119-120 China’s State-Directed Economy and the World Trading System (Luyao Che)....Pages 121-147 China’s State-Directed Economy and the International Investment Regime (Luyao Che)....Pages 149-187 Conclusions and Implications (Luyao Che)....Pages 189-200 Back Matter ....Pages 201-224