APEC and Liberalisation of the Chinese Economy

Description

“China is so large that its trading interests and influence are global. But its interests are disproportionately powerful in its immediate Western Pacific and Asia Pacific partners. The evolution of China’s economic relationships with its Asia Pacific partners, in which APEC came to play a significant role in the 1990s, is thus a central part of the story of China’s rapidly growing and changing interaction with the global economy.” - Ross Garnaut APEC is an important forum thorugh which China can demonstrate its commitment to economic openness. APEC has also been an important vehicle for China’s trade liberalisation on the way towards accession to the WTO. In facilitating trade liberalisation, APEC and the WTO are mutually reinforcing. APEC prepares China for the WTO and WTO accession encourages China’s active participation in the APEC process. Both APEC membership and WTO accession help with the huge task of China’s domestic reform. This book sets out China’s strategic interests in APEC in the lead-up to the APEC summit in Shanghai in 2001. Contributors include leading Chinese economists from the APEC Policy Research Centre in the Chinese Academy of Social Sciences–Zhang Yunling, Zhang Jianjun, Sun Xuegong, Li Kai, Chen Luzhi, Zhou Xiaobing, Zhao Jianglin–and from the Asia Pacific School of Economics and Management at The Australian National University–Peter Drysdale, Ligang Song, Ross Garnaut, hristopher Findlay, Andrew Elek, Yongzheng Yang, Yiping Huang, K.P. Kalirajan, Hadi Soesastro and Chen Chunlai. Preliminary Contents Tables, figures and abbreviations Contributors Preface Introduction: China's Interests in APEC - Ross Garnaut, Ligang Song and Peter Drysdale APEC and the Chinese Economy: Strategic Issues 1. Liberalisation of the Chinese economy: APEC, WTO and tariff reductions - Zhang Yunling 2. Open regionalism, APEC and China's international trade strategies - Peter Drysdale 3. The functions of APEC and implications for China: A critical review - Zhang Jianjun Australia-China Cooperation in APEC 4. Australia's APEC agenda-Implications for Australia and China - Christopher Findlay and Chen Chunlai 5. Australia and China: Shared objectives in APEC and the international economic system - Andrew Elek APEC, Structural Reform and Sectoral Liberalisation 6. How important is APEC to China? - Yongzheng Yang and Yiping Huang 7. APEC investment, trade liberalisation and China's economic adjustment - Sun Xuegong 8. Trade protection in China's automobile and textile industries and its impact on trade liberalisation - Li Kai 9. The competitiveness of China's chemical sector: Assessment and implications for EVSL policy - Sun Xuegong Ecotech Cooperation 10. Ecotech at the heart of APEC: Capacity-building in the Asia Pacific - Andrew Elek and Hadi Soesastro 11. Promoting APEC's Ecotech initiative - Chen Luzhi 12. Economic and technical cooperation: Creating the environment to remove the barriers - Zhou Xiaobing and Zhao Jianglin Capital Flows, Technology and Trade Liberalisation 13. Impact of capital inflows and technology transfer on the Chinese economy - Zhou Xiaobing 14. Exchange rate changes, trade development and structural adjustment in the East Asian economies - Zhou Xiaobing and Ligang Song 15. China's trade efficiency: Measurement and determinants - Peter Drysdale, Yiping Huang and K.P. Kalirajan Index