Apec And Liberalisation Of The Chinese Economy

"This book assembles papers that were produced under a three year collaborative research program on 'China and APEC' undertaken by the AustraliaJapan Research Centre, in the Asia Pacific School of Economics and Management at The Australian National University and the APEC Policy Research Center, in the Chinese Academy of Social Sciences. ... The work on this project and the papers in the volume provide a base for developing ideas that could be helpful to the policy agenda for APEC 2001."--Preface.

"China is so large that its trading interests and influence are global. But its interests are disproportionately powerful in its immediate Western Pacific and Asia Pacific partners. The evolution of China's economic relationships with its Asia Pacific partners, in which APEC came to play a significant role in the 1990s, is thus a central part of the story of China's rapidly growing and changing interaction with the global economy." - Ross Garnaut APEC is an important forum thorugh which China can demonstrate its commitment to economic openness. APEC has also been an important vehicle for China's trade liberalisation on the way towards accession to the WTO. In facilitating trade liberalisation, APEC and te WTO are mutually reinforcing. APEC prepares China for the WTO and WTO accession encourages China's active participation in the APEC process. Both APEC membership and WTO accession help with the huge task of China's domestic reform. This book sets out China's strategic interests in APEC in the lead-up to the APEC summit in Shanghai in 2001. Contributors include leading Chinese economists from the APEC Policy Research Centre in the Chinese Academy of Social Sciences-Zhang Yunling, Zhang Jianjun, Sun Xuegong, Li Kai, Chen Luzhi, Zhou Xiaobing, Zhao Jianglin-and from the Asia Pacific School of Economics and Management at The Australian National University-Peter Drysdale, Ligang Song, Ross Garnaut, hristopher Findlay, Andrew Elek, Yongzheng Yang, Yiping Huang, K.P. Kalirajan, Hadi Soesastro and Chen Chunlai.

Annotation Intra-regional trade has been rising rapidly, especially after China's accession to the WTO in 2001. China's economy is expanding at a great rate, and will soon surpass Japan to become the world's second largest economy. This book is based on papers presented by scholars at a conference on 'APEC at 20 and the Rise of China'.

Eighteen papers from a June 1996 conference on China and the Asian Pacific Economy held in Brisbane, Australia--presented here in revised form--consider the possible future roles of the Chinese economy in the Asia Pacific region. The contributions place the Chinese economy in the context of the Asia Pacific Economic Cooperation (APEC) process, and propose that the integration of the economies of China, Hong Kong, and Taiwan (the so-called Greater China phenomenon) has resulted in a Chinese emphasis on the northern part of APEC. Annotation copyrighted by Book News, Inc., Portland, OR

The main purpose of this book is to explore the influences of reform on changes in China's economic relations with Japan after the late 1970s. There are three reasons for investigating the links between Chinese reform and bilateral economic relations at this particular juncture in history. First, in the past two decades reform has meant that China has enjoyed faster economic growth then Japan. This has transformed the pattern of bilateral economic relations, hitherto characterised by an industrial Japanese economy and a resource-based Chinese economy, a result of Japan's successful industrialisation and China's failure to industrialise in the previous hundred years. Second, reform has brought about the deepening of the interdependence between the Chinese economy and the world economy. Through links with the world economy, the Chinese economy has not only come to rely on foreign countries for technology, capital, markets and management skills, but has itself become a growth pole, exerting a strong impact on world economic growth. In the reform era, economic relations between China and Japan have been woven into regional and global economic networks of trade an investment. Third, reform has transformed the management of China's domestic and external economic activities.