Navigating Adroitly: China's Interaction with the Global Trade, Investment and Financial Regimes

(2013) 9(1) East Asia Law Review 1-40

40 Pages Posted: 27 Sep 2013 Last revised: 20 Apr 2015

See all articles by Ross P. Buckley

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Weihuan Zhou

University of New South Wales

Date Written: 2013

Abstract

This article explores who has most skilfully used the rules of the global economic regime — China, or the nations whose companies invest in her? We first analyse China’s adoption and implementation of WTO commitments in the auto industry and the cultural goods sector. We then consider the liberalisation of China’s foreign direct investment (FDI) scheme and China’s use of FDI as a vehicle to acquire foreign technology, while also restricting FDI to protect the domestic banking sector. Finally, we analyse China’s engagement with the international financial regime, particularly its exchange rate policy, and whether this too represents a strategic implementation of reforms. Based on these four case studies, we conclude that while the West initially dictated the terms of China’s interaction with the global economic system, over time China has deftly engaged with global rules so as to promote its own national interests.

Keywords: WTO, trade, investment, finance, China, dispute settlement, reform

Suggested Citation

Buckley, Ross P. and Zhou, Weihuan, Navigating Adroitly: China's Interaction with the Global Trade, Investment and Financial Regimes (2013). (2013) 9(1) East Asia Law Review 1-40. Available at SSRN: https://ssrn.com/abstract=2331843

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

Weihuan Zhou

University of New South Wales ( email )

Room 368, the Law Building
UNSW Sydney, 2052
Australia
+61 2 9385 9562 (Phone)

HOME PAGE: http://www.law.unsw.edu.au/profile/weihuan-zhou

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