China and the Challenge of Economic Globalization

China and the Challenge of Economic Globalization : The Impact of WTO Membership

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China's entry into the World Trade Organization represented a major step in ongoing reform efforts that have had profound effects on various sectors of the Chinese economy, trading activities, and different industries. In addition, as the fifth largest trading nation and the largest Foreign Direct Investment host country in the world, China is expected to have a major influence in future rounds of WTO trade negotiations. This multidisciplinary study evaluates the implications of China's WTO membership on the nation and provides policy guidance for those doing business in China or working with the Chinese economy. Using up-to-date data and information, the contributors examine: (1) the overall evolution of China's economy and China's performance and strategy with regard to WTO commitments; (2) the effects of WTO membership and globalization on the Chinese economy; (3) China's financial reforms, labor laws, welfare issues, and other policy developments; (4) opportunities and challenges facing China's industries today; and (5) the role of multinational corporations.
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Product details

  • Hardback | 336 pages
  • 154.9 x 228.6 x 27.9mm | 544.32g
  • Taylor & Francis Inc
  • M.E. Sharpe
  • Armonk, United States
  • English
  • tables, figures, index
  • 0765614685
  • 9780765614681

Table of contents

List of Tables and Figures; Introduction, Hung-Gay Fung, Changhong Pei, and Kevin H. Zhang; Part I. Economic Performance after China's Accession to WTO; 1. An Analysis of China's Foreign Trade after WTO Accession, Changhong Pei and Jinjian Shen; 2. Can China Be a Winner in Using FDI after Its WTO Entry? Kevin H. Zhang; 3. China's WTO Compliance: Commitment and Progress in the Initial Stage, Penelope B. Prime; 4. After Accession to WTO: The FDI into Western China, Ying-Qiu Liu; Part II. WTO and China's Economic Welfare; 5. Foreign Direct Investment and Income Inequality, Xiaodong Wu; 6. A New World Factory and China's Labor Force, Yan-Zhong Wang; 7. China's WTO Membership: Commitments and Challenges, Nini Yang; 8. Corporatism: Rebuilding the Framework of China's Welfare Regime, Bing-Wen Zheng; 9. Trade Related Investment Measures and Its Development in China after Accession to WTO, Jian Zhang; 10. China's Employment in the Light of WTO Accession, Ju-Wei Zhang; Part III. Financial Reforms and Capital Markets; 11. China's Financial Reform in Banking and Securities Markets, Hung-Gay Fung and Qingfeng "Wilson" Liu; 12. How Do Chinese Firms Raise Capital? An International Comparison, Hung-Gay Fung, Wai Kin Leung, and Stanley J. Zhu; 13. The Debt Financing Gap for Small Business in China, Changwen Zhao and Kun Li; 14. The Institutional Reform in Banking System and China's Implementation of Commitments to WTO, Mei Liao; Part IV. Industrial and Agricultural Development; 15. Openness and China's Industrial Location: An Empirical Investigation, Ting Gao; 16. Agricultural Policy Developments after China's Accession to WTO, Francis Tuan, Agapi Somwaru, and Xinshen Diao; 17. The Impact of China's Accession to WTO on Chinese Agriculture and Farmers, Xiao-Shan Zhang; 18. Recent Development of the Petroleum Industry in China, Wai-Chung Lo
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