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This is an insightful analysis of the Chinese economy in the context of globalization after China's admission to the WTO. The book is organized into four parts. The first part addresses globalization and privatization. The second part deals with fiscal policy and financial development. The third part focuses on international trade and industrial development, and the fourth part is devoted to economic performance and the labour market. This is an in-depth study that is supported by updated data and quantitative analysis, which provide a rich basis for better understanding possible future directions and challenges of the Chinese economy. This volume is an indispensable source for scholars and students interested in Chinese economic studies and many chapters should also be of interest to a wide range of readers.
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THE CHINESE ECONOMY AFTER WTO ACCESSION
The Chinese Economy Series This series examines the immense importance of China within the global economy. Books in the series view the Chinese economy in many ways, such as: a transition economy; a bridge between the developing and developed nations; a vital member of the WTO; and even as a potential rival to the US. Providing readers with high quality monographs and edited volumes by authors from East and West, this series is a truly global forum on one of the world’s key economies. Series Editors Aimin Chen, Indiana State University, USA Shunfeng Song, University of Nevada, USA Recent Titles in the Series China’s Agricultural Development Challenges and Prospects Edited by Xiao-yuan Dong, Shunfeng Song and Xiaobo Zhang ISBN 0 7546 4696 3 China’s Rural Economy after WTO Problems and Strategies Edited by Shunfeng Song and Aimin Chen ISBN 0 7546 4695 5 Chinese Youth in Transition Edited by Jieying Xi, Yunxiao Sun and Jing Jian Xiao ISBN 0 7546 4369 7 Grains in China Foodgrain, Feedgrain and World Trade Edited by Zhang-Yue Zhou and Wei-Ming Tian ISBN 0 7546 4280 1 Critical Issues in China’s Growth and Development Edited by Yum K. Kwan and Eden S.H. Yu ISBN 0 7546 4270 4 The Efficiency of China’s Stock Market Shiguang Ma ISBN 0 7546 4241 0
The Chinese Economy after WTO Accession
Edited by SHUMING BAO The University of Michigan at Ann Arbor, USA SHUANGLIN LIN The University of Nebraska at Omaha, USA CHANGWEN ZHAO Sichuan University, China
© Shuming Bao, Shuanglin Lin and Changwen Zhao 2006 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher. Shuming Bao, Shuanglin Lin and Changwen Zhao have asserted their right under the Copyright, Designs and Patents Act, 1988, to be identified as the editors of this work. Published by Ashgate Publishing Limited Gower House Croft Road Aldershot Hampshire GU11 3HR England
Ashgate Publishing Company Suite 420 101 Cherry Street Burlington, VT 05401-4405 USA
Ashgate website: http://www.ashgate.com British Library Cataloguing in Publication Data The Chinese economy after WTO accession. - (The Chinese economy series) 1. World Trade Organization - China 2.Globalization Economic aspects - China 3.China - Economic conditions 2000- 4.China - Foreign economic relations 5.China Commercial policy 6.China - Economic policy - 2000I.Bao, Shuming II. Lin, Shuanglin III. Zhao, Changwen 337.5'1 Library of Congress Cataloging-in-Publication Data The Chinese economy after WTO accession / edited by Shuming Bao, Shuanglin Lin, and Changwen Zhao. p. cm. -- (The Chinese economy series) Includes index. ISBN 0-7546-4482-0 1. China--Economic conditions--2000- 2. China--Economic policy--2000- 3. Privatization--China. 4. Globalization--Economic aspects--China. 5. World Trade Organization--China. 6. China--Foreign economic relat