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Article
Publication date: 2 October 2009

Longyue Zhao and Yan Wang

World Trade Organization (WTO) accession marked a new beginning for China's economic, legal and institutional reforms and rapid integration with the rest of the world. The…

Abstract

Purpose

World Trade Organization (WTO) accession marked a new beginning for China's economic, legal and institutional reforms and rapid integration with the rest of the world. The purpose of this paper is to review China's post‐WTO transition experience, synthesize and update studies on China's pattern of trade and structural transformation, and provide both positive and negative lessons for other developing countries.

Design/methodology/approach

The paper has broadly reviewed the latest policy changes after China's WTO accession, and literatures on China's trade and economic development issues in order to understand the Chinese success and its speciality, and draw some useful lessons for both China's decision‐makers and other developing countries.

Findings

There are two main findings: first, market liberalization alone is not sufficient, and economic system reform and the liberalization are closely related and complement and promote each other. Second, experimentations via special economic zones (SEZs) and opening to foreign direct investment (FDI), which facilitated and supported cluster development and learning‐by‐doing, are needed for industrial upgrading and export competitiveness.

Originality/value

The paper demonstrates the wisdom of China's simultaneous pursuit of domestic economic system reform, and opening to the international market. However, China has also paid a high social and environmental cost for its rapid growth. It is important for developing countries to have an exclusive, balanced and sustainable strategy in the future development.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 2 no. 3
Type: Research Article
ISSN: 1754-4408

Keywords

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Article
Publication date: 17 June 2013

Huijiong Wang, Shantong Li and Qi Wang

This paper aims to review four studies which are selected purposefully to outline as objectively as possible the many aspects of lessons, experiences, achievements, and…

Abstract

Purpose

This paper aims to review four studies which are selected purposefully to outline as objectively as possible the many aspects of lessons, experiences, achievements, and areas in need of further reform in China's ten years' accession into WTO.

Design/methodology/approach

Different views from leading academic and official publications are presented. In addition, the authors contribute their own perspectives on some issues not fully discussed in the literature.

Findings

It is hoped that the successful lessons and experiences from China's remarkable WTO track record can benefit other developing countries and transitional economies seeking economic growth and prosperity by engaging in open trade and operating by rules.

Originality/value

This paper will contribute to the current understanding about China's WTO experience by reviewing relevant literature and adding new perspectives on some issues not fully discussed in the literature.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 6 no. 2
Type: Research Article
ISSN: 1754-4408

Keywords

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Article
Publication date: 1 June 2004

James Agarwal and Terry Wu

The transition from a command economy to a market‐based economy has been remarkably successful in China. After 15 years of negotiations, China finally joined the World…

Abstract

The transition from a command economy to a market‐based economy has been remarkably successful in China. After 15 years of negotiations, China finally joined the World Trade Organization (WTO) in December 2001. Because of trade and investment liberalization under the WTO, there will be greater competition between Chinese and foreign firms, both inside China and outside China. While there is a great deal of economic literature on China's entry to the WTO, there has been no research on the global marketing impact and implications of China's membership of the WTO. This paper is an attempt to fill this gap. The objective of this study is to examine the general impact of China's entry to the WTO and to assess the global marketing implications of specific trade‐related policy issues within the WTO framework for China. Eleven specific WTO policy issues are examined and several global marketing propositions offered in terms of the WTO's impact on and implications for China.

Details

International Marketing Review, vol. 21 no. 3
Type: Research Article
ISSN: 0265-1335

Keywords

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Article
Publication date: 11 March 2005

Peter J. Buckley, Jeremy Clegg, Adam R. Cross and Hui Tan

This paper explores the impact of China’s growing prominence in global and regional foreign direct investment (FDI) fl ows on the Southeast Asian countries as investment…

Abstract

This paper explores the impact of China’s growing prominence in global and regional foreign direct investment (FDI) fl ows on the Southeast Asian countries as investment locations. Providing internal social and economic cohesion is maintained, China is likely to exert a greater pull on regional FDI after WTO accession. To benefit from China’s success, the Southeast Asian countries will need to replace deteriorating individual locational advantages relative to China with a superior regional one. The ASEAN Free Trade Agreement or the Asian Investment Area or both are likely to be important policy solutions.

Details

Multinational Business Review, vol. 13 no. 1
Type: Research Article
ISSN: 1525-383X

Keywords

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Article
Publication date: 5 May 2015

Zhichao Guo, Yuanhua Feng and Thomas Gries

The purpose of this paper is to investigate changes of China’s agri-food exports to Germany caused by China’s accession to WTO and the global financial crisis in a…

Abstract

Purpose

The purpose of this paper is to investigate changes of China’s agri-food exports to Germany caused by China’s accession to WTO and the global financial crisis in a quantitative way. The paper aims to detect structural breaks and compare differences before and after the change points.

Design/methodology/approach

The structural breaks detection procedures in this paper can be applied to find out two different types of change points, i.e. in the middle and at the end of one time series. Then time series and regression models are used to compare differences of trade relationship before and after the detected change points. The methods can be employed in any economic series and work well in practice.

Findings

The results indicate that structural breaks in 2002 and 2009 are caused by China’s accession to WTO and the financial crisis. Time series and regression models show that the development of China’s exports to Germany in agri-food products has different features in different sub-periods. Before 1999, there is no significant relationship between China’s exports to Germany and Germany’s imports from the world. Between 2002 and 2008 the former depends on the latter very strongly, and China’s exports to Germany developed quickly and stably. It decreased, however suddenly in 2009, caused by the great reduction of Germany’s imports from the world in that year. But China’s market share in Germany still had a small gain. Analysis of two categories in agri-food trade also leads to similar conclusions. Comparing the two events we see rather different patterns even if they both indicate structural breaks in the development of China’s agri-food exports to Germany.

Originality/value

This paper partly originally proposes two statistical algorithms for detecting different kinds of structural breaks in the middle part and at the end of a short-time series, respectively.

Details

China Agricultural Economic Review, vol. 7 no. 2
Type: Research Article
ISSN: 1756-137X

Keywords

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Article
Publication date: 1 February 2003

Clem Tisdell

Begins by considering trends in the incidence of rural poverty in China, comparing China and India. Although the incidence of rural poverty in China declined generally…

Abstract

Begins by considering trends in the incidence of rural poverty in China, comparing China and India. Although the incidence of rural poverty in China declined generally, such poverty is still a matter for concern, especially now that China has joined the WTO. There is concern about the possible impact of China's WTO entry on its rural poverty and its ability to adopt policies to address it. Recent international studies of such poverty in China by bodies such as the World Bank, OECD, ADB and IFPRI are outlined and reviewed critically with these economic issues in mind. The most recent study by Anderson and others suggests that China's agriculture will be forced to undertake more structural adjustment than forecast in earlier studies. The Chinese policies to deal with rural poverty will need to give increasing attention to structural adjustment support and migration from rural areas in the future. The WTO does not count such measures as a form of economic protection. In fact, a large number of measures to provide financial support to farmers, including support to poor farmers, are WTO‐exempt. As discussed these include “green box” measure, certain development measures in developing countries, and “ blue box” measures. In addition, under the de minimis principle, China can provide economic protection on average of 8.5 per cent of the value of an agricultural product.

Details

International Journal of Development Issues, vol. 2 no. 2
Type: Research Article
ISSN: 1446-8956

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Article
Publication date: 13 April 2021

Yuhe Wang, Gui Ye, Chenli Zheng and Shilian Zhang

Since China's accession of the World Trade Organization (WTO), its construction industry has attained unprecedented growth. However, for the sources of this enormous…

Abstract

Purpose

Since China's accession of the World Trade Organization (WTO), its construction industry has attained unprecedented growth. However, for the sources of this enormous growth, a controversy regarding the total factor productivity growth (TFPG) still remains in production practice and extant studies. In view of this, the purpose of this paper is to measure TFPG and to explore its sources in the industry post-WTO accession.

Design/methodology/approach

This study presents an innovative source analysis of TFPG. Stochastic frontier approach is adopted to measure TFPG and to explore its sources by decomposing TFPG into technical progress (TP), technical efficiency change (TEC), allocative efficiency change (AEC) and scale efficiency change (SEC). Although China joined WTO in 2001, to provide an effective baseline, the study period is from 2000 to 2017.

Findings

The empirical results reveal that TFPG presented an overall downward evolutionary trend, but it still maintained a high growth post-WTO accession. From the perspective of decomposition, TP was the main source of TFPG. Furthermore, as a neglected source, interaction effects among TP, TEC, AEC and SEC have been demonstrated to have a significant influence on the cumulative TFPG.

Practical implications

To make the results be reliable, the authors discuss the empirical findings mainly by revealing the reasons behind the evolutions of TFPG and its sources. Based on these revealed reasons, government and policy makers can further refine and summarize some more detailed and targeted policy implications to improve TFPG.

Originality/value

By providing many empirical evidences to solve the aforesaid TFPG controversy, this paper, therefore, enriches the body of knowledge on growth theories, especially at the level of industrial economics.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

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Article
Publication date: 31 August 2012

Shengfei Han and Pei He

The purpose of this paper is to develop a new approach to market analysis, and test how the China‐US soybean market integration and arbitrage efficiency have changed…

Abstract

Purpose

The purpose of this paper is to develop a new approach to market analysis, and test how the China‐US soybean market integration and arbitrage efficiency have changed across 1995/1‐/2004/1 – a period covering strengthened government efforts to join WTO, and the institutional changes following WTO accession.

Design/methodology/approach

The authors employ a regime‐switching model with parametric, semi‐parametric, and nonparametric measures to discern different market conditions in the sample period, as well as detect the structural shifts over time. Three types of data – expected prices, transaction costs, and trade flow – are used for the analysis.

Findings

Results of the analysis indicate better integration over time, but deteriorating efficiency. The markets often departed from efficient arbitrage throughout the study periods, and counter‐intuitively worsened after China's elimination of quota in 1999, and accession to WTO in 2001. One other interesting finding is that the state monopoly practice in soybean trading during the early periods produced seemingly competitive equilibrium price relationships.

Originality/value

The paper is an original work that provides policy implications regarding the impacts and effectiveness of government policies on China's international soybean markets, the remaining bottlenecks, and the challenge to both Chinese soybean farmers and the US exporters. The method of identifying trade variation in a price model and the combination of parametric and semi‐parametric analyses with comprehensive data further permits more accurate and intuitive interpretations previously unavailable.

Details

China Agricultural Economic Review, vol. 4 no. 3
Type: Research Article
ISSN: 1756-137X

Keywords

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Article
Publication date: 1 October 2004

Hanqin Qiu Zhang

China's travel agent industry started becoming a service industry after China opened its doors to the outside world in 1978. During the process of economic reform and…

Abstract

China's travel agent industry started becoming a service industry after China opened its doors to the outside world in 1978. During the process of economic reform and marketization, the industry has become much more mature than 25 years ago. With China's accession to World Tourism Organization, the travel service industry will open its market for competition between foreign travel agents and the ones in China. Through studying and investigating the developing history and the current operating condition of the travel agents, this paper analyzes opportunities and challenges facing China's travel agents upon China's accession to the World Trade Organization.

Details

International Journal of Contemporary Hospitality Management, vol. 16 no. 6
Type: Research Article
ISSN: 0959-6119

Keywords

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Article
Publication date: 23 January 2009

Heejin Lee, Shirley Chan and Sangjo Oh

The purpose of this paper is to show that, since China's accession to the WTO in 2001, standards have emerged as an effective means to protect and promote domestic

Abstract

Purpose

The purpose of this paper is to show that, since China's accession to the WTO in 2001, standards have emerged as an effective means to protect and promote domestic industries, especially in the ICT sector. China has made several attempts to set its own technological standards – different from international standards – within its own territory and world‐wide. This paper seeks to examine two cases of China's attempts to set its own standards in the ICT sector. By comparing similarities and differences in these cases, it aims to identify motivations and strategies of China's standards‐setting attempts in the ICT sector.

Design/methodology/approach

The paper examines the cases of wireless LAN security (WAPI) and 3G mobile communications (TD‐SCDMA). It draws on a set of concepts from the study of national technological innovation systems: techno‐nationalism and techno‐globalism. Data were collected from media and standards‐related institutions.

Findings

Despite similarities, each case has a distinguished orientation in terms of techno‐nationalism and techno‐globalism: WAPI is aligned with techno‐nationalism and TD‐SCDMA with techno‐globalism.

Research limitations/implications

China's recent attempts regarding its own standards in the ICT sector are not one‐off occasions, but China's standards policy towards international standards will continue. This research will be a foundation for further inquiry in this increasingly important area of study. A longitudinal follow‐up study tracking the development of each standard over time is required.

Originality/value

Despite the significance of these standard‐setting attempts for China's trade, technology policy and economic development, on the one hand, and for the world economy, on the other hand, there has been little research in this area. The paper offers an enhanced understanding of China's standards policy.

Details

info, vol. 11 no. 1
Type: Research Article
ISSN: 1463-6697

Keywords

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