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The China's Rise as an International Trading Power

  • Christopher Edmonds

    ()

    (East-West Center and Department of Economics at the University of Hawaii at Manoa)

  • Sumner J. La Croix

    ()

    (Department of Economics, University of Hawaii at Manoa)

  • Yao Li

    ()

    (East-West Center)

This paper undertakes a detailed review of the policies that have shaped China's explosion of a global supply of exports, and examines long trend statistics on the evolution of China's trading partners and the goods it trades in the post-reform period. This review notes common characteristics in China's trade experience with those of earlier successful export-based economies of East Asia, such as South Korea and Japan. The survey finds that China's pattern of trade and trading partners are similar to those of more market-based Asian economies, but that the Chinese economy's orientation toward foreign trade is considerably greater than expected for an economy of its size and level of development. The authors argue that China still has a long way to go in terms of its export boom, especially if compared to the experiences of South Korea, Japan, and Taiwan. This suggests that China is on track to become one of the world's most formidable trading powers and its export policies and export performance will exert increasing influence on how the global trade regime evolves in the future.

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Paper provided by East-West Center, Economics Study Area in its series Economics Study Area Working Papers with number 88.

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Length: pages 41
Date of creation: Feb 2006
Date of revision:
Handle: RePEc:ewc:wpaper:wp88
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  1. Clarete, Ramon & Edmonds, Christopher & Wallack, Jessica Seddon, 2003. "Asian regionalism and its effects on trade in the 1980s and 1990s," Journal of Asian Economics, Elsevier, vol. 14(1), pages 91-129, February.
  2. Agata Antkiewicz & John Whalley, 2004. "China's New Regional Trade Agreements," NBER Working Papers 10992, National Bureau of Economic Research, Inc.
  3. World Bank, 2005. "World Development Indicators 2005," World Bank Publications, The World Bank, number 12426, June.
  4. Cecile Batisse & Sandra Poncet, 2004. "Protectionism and Industry Location in Chinese Provinces," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 2(2), pages 133-154.
  5. La Croix, Sumner J. & Grandy, Christopher, 1997. "The Political Instability of Reciprocal Trade and the Overthrow of the Hawaiian Kingdom," The Journal of Economic History, Cambridge University Press, vol. 57(01), pages 161-189, March.
  6. Tianshu Chu & Thomas J. Prusa, 2004. "The Reasons for and the Impact of Antidumping Protection: The Case of People's Republic of China," Economics Study Area Working Papers 69, East-West Center, Economics Study Area.
  7. Jeffrey A. Frankel, 1997. "Regional Trading Blocs in the World Economic System," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 72, January.
  8. World Bank, 2001. "World Development Report 2000/2001," World Bank Publications, The World Bank, number 11856, June.
  9. repec:wbk:wbpubs:12425 is not listed on IDEAS
  10. Anderson, Kym & Huang, Jikun & Ianchovichina, Elena, 2003. "Long-run impacts of China's WTO accession on farm-nonfarm income inequality and rural poverty," Policy Research Working Paper Series 3052, The World Bank.
  11. Claustre Bajona & Tianshu Chu, 2004. "China's WTO Accession and Its Effect on State-Owned Enterprises," Economics Study Area Working Papers 70, East-West Center, Economics Study Area.
  12. Helpman, Elhanan, 1987. "Imperfect competition and international trade: Evidence from fourteen industrial countries," Journal of the Japanese and International Economies, Elsevier, vol. 1(1), pages 62-81, March.
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