China's Free Trade Ports: Effective Action Against the Threat of De‐Globalization

20 Pages Posted: 18 Jul 2018

See all articles by Wei Tian

Wei Tian

University of International Business and Economics (UIBE) - School of International Trade and Economics

Zhuxi Xu

Peking University

Miaojie Yu

Peking University - China Center for Economic Research (CCER)

Huihuang Zhu

Peking University

Date Written: July–August 2018

Abstract

With sluggish external demand and increasing trade protectionism by the USA and the European Union, China is facing severe challenges in implementing its deeper, ongoing reforms. To respond actively to such challenges, the Communist Party of China's 19th National Congress proposed to “promote a new pattern of all‐round opening up.” In particular, the establishment of free trade ports is considered an important means to realize deeper integration with the world economy. This paper discusses the background, the motivation, the possible challenges as well as a feasible path for the successful implementation of free trade ports in China. Based on the international experience, the construction of free trade ports in China requires freer trade in goods, high mobility of talent and free capital flow.

Keywords: de‐globalization, free trade port, international trade, opening‐up policy

JEL Classification: F13, F21, F22

Suggested Citation

Tian, Wei and Xu, Zhuxi and Yu, Miaojie and Zhu, Huihuang, China's Free Trade Ports: Effective Action Against the Threat of De‐Globalization (July–August 2018). China & World Economy, Vol. 26, Issue 4, pp. 62-81, 2018. Available at SSRN: https://ssrn.com/abstract=3215542 or http://dx.doi.org/10.1111/cwe.12249

Wei Tian (Contact Author)

University of International Business and Economics (UIBE) - School of International Trade and Economics

10 East Huixin Street
Chaouang District
Beijing, 100029
China

Zhuxi Xu

Peking University

No. 38 Xueyuan Road
Haidian District
Beijing, Beijing 100871
China

Miaojie Yu

Peking University - China Center for Economic Research (CCER) ( email )

Beijing, Beijing 100871
China
+86-10-6275-3109 (Phone)

HOME PAGE: http://mjyu.ccer.edu.cn

Huihuang Zhu

Peking University

No. 38 Xueyuan Road
Haidian District
Beijing, Beijing 100871
China

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