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Foreign Trade in the People's Republic of China: Past Performance and Future Challenges

dc.contributor.authorHaiying Zhao
dc.date.accessioned2016-08-02T14:39:33Z
dc.date.available2016-08-02T14:39:33Z
dc.date.issued1987-06-30
dc.identifier.urihttp://hdl.handle.net/11540/5377
dc.description.abstractThe People’s Republic of China (PRC) mainly exports labor-intensive manufacturing products, especially textile and apparel, which face fierce international competition. The PRC’s trade is also unevenly distributed, which has led to trade frictions with the United States (US). Given this situation, four factors (challenges) are important for the future of the PRC’s trade: membership in the World Trade Organization (WTO); Sino-US trade relations, which will affect the PRC’s access to the US market and conditions for entering WTO; phasing-out of the Multi-Fibre Arrangement (MFA); and antidumping, a trade policy instrument that makes the PRC’s exports especially vulnerable because of the use of surrogate countries. In the near future the PRC should still be able to obtain reasonable market access because most countries except the US have already given the PRC unconditional most favored nation (MFN) status. A US withdrawal of the PRC’s MFN status will lead to trade wars and is unlikely to happen under normal circumstances. The PRC will not suffer much from the MFA phasing-out because benefits of the agreement are heavily back loaded and will not materialize until years later. Setting up the PRC’s own antidumping regulations is a good strategic move to deter possible abuse of antidumping by other countries.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.titleForeign Trade in the People's Republic of China: Past Performance and Future Challenges
dc.typeJournals
dc.subject.expertFree Trade
dc.subject.expertTrade
dc.subject.expertTrade Agreements
dc.subject.expertRegional Economic Integration
dc.subject.expertIntraregional Trade
dc.subject.adbExports
dc.subject.adbEconomic integration
dc.subject.adbExports
dc.subject.adbEconomic integration
dc.subject.adbDistribution
dc.subject.adbEconomic integration
dc.subject.adbDevelopment Bank
dc.subject.adbTrade policy
dc.subject.adbTrade policy
dc.subject.naturalEuro
dc.subject.naturalInflation
dc.subject.naturalBusiness
dc.subject.naturalFinance
dc.subject.naturalFree trade
dc.title.volume15
dc.contributor.imprintAsian Development Bank
oar.themeTrade
oar.themeRegional
oar.adminregionEast Asia Region
oar.countryPeople's Republic of China
oar.identifierOAR-005058
oar.authorZhao, Haiying
oar.importTRUE
oar.googlescholar.linkpresenttrue


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  • Asian Development Review
    The Asian Development Review (ADR) is a professional journal for disseminating the results of economic and development research relevant to Asia and the Pacific. Since 1983, the ADR has been an important part of the history of the Asian Development Bank and its mission to reduce poverty across Asia and the Pacific.

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