The Evolution of China's International Trade Policy: Development Through Protection and Liberalization

THE EVOLUTION OF CHINA'S INTERNATIONAL TRADE POLICY: DEVELOPMENT THROUGH PROTECTION AND LIBERALIZATION, Economic Development through World Trade, Y.S. Lee, ed., pp. 191-213, The Netherlands: Kluwer Law International, 2007

23 Pages Posted: 29 Apr 2008

See all articles by Jiangyu Wang

Jiangyu Wang

National University of Singapore (NUS) - Faculty of Law

Abstract

The rapid rise of China is quickly reshaping the world economy. From the perspectives of trade and development, what explains China's remarkable growth? With respect to the nature and impact of its trade and investment policy, China remains a puzzle to many observers and continues to be topic for heated debate. The primary purpose of this paper is to provide an analysis of the evolution of China's foreign trade policy from a trade and development perspective. Examining some of the key developments in China's trade policy and regime, it argues that neither free trade nor protectionsim is the complete answer to development; in China's experience, a "pragmatic" trade policy requires a delicate balance between liberalization and use of industrial policy to support selected economic sectors.

Keywords: China, international trade, foreign trade, trade policy, trade liberalization, trade protection

JEL Classification: F13, L52, O19, K33

Suggested Citation

Wang, JiangYu, The Evolution of China's International Trade Policy: Development Through Protection and Liberalization. THE EVOLUTION OF CHINA'S INTERNATIONAL TRADE POLICY: DEVELOPMENT THROUGH PROTECTION AND LIBERALIZATION, Economic Development through World Trade, Y.S. Lee, ed., pp. 191-213, The Netherlands: Kluwer Law International, 2007. Available at SSRN: https://ssrn.com/abstract=1126206

JiangYu Wang (Contact Author)

National University of Singapore (NUS) - Faculty of Law ( email )

469G Bukit Timah Road
Eu Tong Sen Building
Singapore, 259776
Singapore

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