China's Move to Preferential Trading: a new direction in China's diplomacy
Date
2009
Authors
Ravenhill, Frederick John
Jiang, Yang
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Publisher
Routledge, Taylor & Francis Group
Abstract
China was a latecomer to the preferential trading bandwagon that has swept East Asia in the years since the financial crises. The Chinese government was unwilling to go down the path of negotiating bilateral and minilateral agreements until the terms of its accession to the World Trade Organization were finalized. Since then, it has become one of the most active participants in the negotiation of preferential trading arrangements, currently being engaged in negotiations with more than 20 countries. The paper will address the following questions about China's move to preferential trade: (a) What forces are driving China's approach to the negotiation of preferential trade agreements? (b) To what extent is it possible to untangle economic and political motivations in China's choice of partners for PTA negotiations? And, which economic interests are being pursued most aggressively? (c) How are conflicting domestic interests reconciled in the policy-making process? (d) To what extent will the new PTAs facilitate Chinese-dominated production networks in the regions? (e) What overall impact will the PTAs have on the Chinese economy?
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Keywords
Keywords: Bilateral Trade; Diplomacy; International Trade; Peoples Republic of China; bilateral agreement; diplomatic relations; multilateral trade; negotiation process; regional trade; trade agreement; trade relations; World Trade Organization; Asia; China; Eurasi
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Source
Journal of Contemporary China
Type
Journal article
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2037-12-31