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China's Unfinished Open-Economy Reforms: Liberalisation of Services

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  • Kiichiro Fukasaku
  • Yu Ma
  • Qiumei Yang

Abstract

During the 1990s, China has experienced a surge in imports of services, particularly those of communication, insurance and other business services, despite the fact that the authorities have maintained a plethora of restrictive measures limiting access to the service sector. Not only does this cast strong doubt over the effectiveness of these measures currently in place but also raises some important political-economy questions regarding the market access issues related to this sector.Following a brief review of the country’s efforts made since 1994 to sustain its openeconomy reforms, the paper takes stock of major policy developments in the service sector and discusses the pros and cons of liberalisation of services.The paper argues that a further liberalisation of services would be imperative for China to develop a more viable and dynamic service sector and stands to gain the full benefits of globalisation. The protective measures imposed for short-term, political ... En dépit du maintien par les autorités chinoises d’une pléthore de restrictions à l’accès au secteur tertiaire, la Chine a connu au cours des années 90 une explosion des importations de services, en particulier des services de communication, d’assurance et d’autres services liés aux affaires. Cette tendance soulève des doutes sérieux quant à l’efficacité des mesures actuellement en vigueur. Elle pose également des problèmes socio-économiques importants en ce qui concerne l’accès à ces marchés.Ce document fait le point sur les réformes destinées à ouvrir l’économie chinoise depuis 1994, et notamment sur les principales mesures concernant le secteur des services, avant d’examiner les avantages et les inconvénients de la libéralisation de ce secteur. Selon les auteurs, pour créer un secteur tertiaire plus viable et plus dynamique, la Chine doit poursuivre la libéralisation, afin de tirer tous les avantages de la mondialisation. Les mesures protectionnistes imposées pour répondre à ...

Suggested Citation

  • Kiichiro Fukasaku & Yu Ma & Qiumei Yang, 1999. "China's Unfinished Open-Economy Reforms: Liberalisation of Services," OECD Development Centre Working Papers 147, OECD Publishing.
  • Handle: RePEc:oec:devaaa:147-en
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    File URL: http://dx.doi.org/10.1787/110680138577
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    Cited by:

    1. Rolf J. Langhammer & Matthias Lücke, 1999. "WTO Accession Issues," The World Economy, Wiley Blackwell, vol. 22(6), pages 837-873, August.
    2. Thierry Mayer, 2006. "Policy Coherence for Development: A Background Paper on Foreign Direct Investment," OECD Development Centre Working Papers 253, OECD Publishing.
    3. McDonald, Daniel & Nair, Roneel & Rodriguez, Gil & Buetre, Benjamin L., 2005. "Trade flows between Australia and China: An opportunity for a free trade agreement," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137935, Australian Agricultural and Resource Economics Society.

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