Impacts of China's Trade and Foreign Direct Investment Reforms

다국어 초록 (Multilingual Abstract)

China's population is huge, encompassing over onefifth of the world population in 1955. The country is the fastest growing economy in the world with a doubledigit average annual real growth of about 11% between 19801995. In 1995, China was the world's 1Ith largest trading country. China was also the second largest recipient of foreign direct investment among all the APBC economies in 1992, taking up 6.8% of the world's total and is now the largest recipient of foreign direct investment in developing countries.
The reentrance of China into the international trading arena invites many trading and investment opportunities for other countries. Other countries are expected to gain directly from increased trade and investment relationships with China, and indirectly through the spillover effects that other economies might benefits. At the present time, trade barriers exist in both china and other countries are inhibiting many trading opportunity between them. Therefore, The findings of this paper suggest that every region will benefit if these trade restrictions are removed. In this regard, it may also be mutually beneficial not only to encourage China to move toward free trade, but also for other countries to consider eliminating some of its trade barriers.
In policy implications from this paper, the results point strongly to the importance of a simultaneous implementation of trade reform and foreign investment reform in China, both for the benefit of China and for other countries. That is, the results shows that every region benefits from China's trade reform and foreign investment reform can be increased significantly when China performs both reforms jointly rather than separately. And China's successful experience can be extended to other economies of lessdeveloped and developing countries as they begin on their own foreign sector reforms.

목차 (Table of Contents)

• I. Introduction
• II. Reform Policies towards China's FDI and Trade
• 1. Reforms in China's FDI Regime
• 2. Reforms in China's Foreign Trade Regime
• III. The Impact of China's Trade and FDI Reforms on the chinese Economy
• 1. Effects of China's Trade Reforms
• 2. Effects of China' FDI Reforms
• 3. Changing Export Competitiveness and Investment Relationships
• IV. The Impact of China's Trade and FDI Reforms on the world Economy
• 1. Welfare Effects of China's Trade and FDI Reforms
• 2. Effects of China's Trade Reform on the world Trade Structure
• V. Conclusions