Together with the deepening of globalization and economic integration, trade and investment liberalization has played more important role in economic cooperation. Besides the free trade agreements among member countries, free trade zone is also considered to establish a favorable environment in order to attract foreign investment and promote economic growth of the areas laying inside and outside the zone. On the basis of economic reforming and trade liberalization initiative, China approved the establishment of Shanghai Pilot free trade zone on September 29th, 2013. The Shanghai Pilot free trade zone is the experiment area of the whole country's national economic transition process. For the first time, many new policies and management mode were adopted in this area to examine their performance and usability. This study aims to analyze the policy's effect of Shanghai pilot free trade zone on Shanghai economic growth. By using counter-factual method, the study compares the difference of Shanghai GDP in counter-factual scenario from the actual scenario and figures out the policy effect with the existence of the free trade zone. Therefore, the finding emphasizes the strong effect of Shanghai free trade zone on its economic growth. Understanding the economic effect of Shanghai pilot free trade zone is necessary to further up investment and trade liberalization in China.
An important development of the One Belt One Road Initiative (OBOR) is to promote qualitative improvements in trade and trade regulation among participating countries. This paper provides an analysis of bilateral trade between China and Kazakhstan, covering a period of time from 2002 to 2017 and divided into major trade categories. The main purpose of this work is to review the bilateral relations between Kazakhstan and China and determine the development of trade at the initial stage of the OBOR project. To solve this problem, two analyses were chosen and, the results of this analysis may show an increase in trade turnover in those product categories that were previously stated in the project. Firstly, in order to investigate the gap of intensity, and extensity bilateral trade positions used the Hummels-Klenow indices for export margins of trade. Secondary to assess the relationship at the intra-industry level used analysis of the intra-industry trade (IIT) activities developed by Grubel and Lloyd. The empirical analysis of the IIT index is represented as partially balanced. China's performance was analyzed as intensive in the main elected categories such as the increase in the export intensity of trade in large volumes in product categories. The development of the project is confirmed by a numerical increase in interest in the categories stated in the project earlier.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.