Is China Becoming the Core of Regional Trade and Market Integration in the Asia-Pacific?

Soong, Jenn Jaw

doi:10.2753/ces1097-1475470300

Cited by 16 publications

(5 citation statements)

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“…Since the reform and opening, China has taken a series of measures to promote foreign investment and trade, such as the establishment of special economic zones [ 19 ]. China’s first free trade zone was established in the 1980s and was manufacturing-export-oriented [ 20 ].…”

Section: Literature Reviewmentioning

confidence: 99%

How to Evaluate the Green and High-Quality Development Path? An FsQCA Approach on the China Pilot Free Trade Zone

Zhou

Zhang

Fei

2022

IJERPH

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In today’s world, green development has become an important trend, and many countries regard the development of green industry as an important measure to promote economic restructuring. Green development is consistent with sustainable development in ideology. China’s economy is in the stage of high-quality development. As an important foundation for China’s external economic development, the free trade zone can play a good role in promoting its green and high-quality development. Based on the data of 18 free trade zones in China in 2020, this paper explores the green and high-quality development path of the China Pilot Free Trade Zone. Firstly, the green development index is constructed according to the existing research and experience, and then the fuzzy set qualitative comparative analysis method is used to evaluate the green and high-quality development path. The results show that the development of pilot free trade zones is not the result of a single condition but the result of a combination of green policy effectiveness, foreign investment participation, green production growth rate, and other conditions. Combined with the green and high-quality development path, this paper further provides enlightenment for the development of the China Pilot Free Trade Zone.

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Section: Literature Reviewmentioning

confidence: 99%

How to Evaluate the Green and High-Quality Development Path? An FsQCA Approach on the China Pilot Free Trade Zone

Zhou

Zhang

Fei

2022

IJERPH

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“…A high number of Scholars such as Ding and Tay (2016); Caporale et al (2015); Tahir and Azid (2015); Chen et al (2014) believe that before 1978, China experienced a low level of trade openness because of her centrally planned economy (based on the World Bank Indicators, China had an average of nearly 7.24 percent trade openness over the period of [1960][1961][1962][1963][1964][1965][1966][1967][1968][1969][1970][1971][1972][1973][1974][1975][1976][1977] which was under the tenets of the Maoist people"s communes (Soong, 2014). The main reforms were implemented since 1978 (the era of Chinese economic take off Grabowski (2011) when China"s economy had pursued trade liberalization and placed under economic structure (gradual but fundamental reform) which led to the improvement in the trade volume of this country (Hsieh et al, 2014).…”

Section: China's Trade Pattern With Opecmentioning

confidence: 99%

A Panel Data Analysis of Chinas Trade Pattern with OPEC Members: Gravity Model Approach

Irshad

Xin

Shahriar

et al. 2018

Asian Economic and Financial Review

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Article History JEL Classification:N70, C23, F13In this study, we have endeavoured to explain China"s trade pattern with OPEC member countries by employing gravity model over the period . The estimation results demonstrate that the gravity equation fits the data pragmatically. China was the first biggest oil importer worldwide with about 73 per cent of her oil coming from OPEC member countries. In fact, energy can be considered as the most traded commodity and also the core reason for the trade volume growth between China and the OPEC member countries in last two decades. We have confirmed that China"s bilateral trade with OPEC members positively impacts on GDP, income (GDP per capita), trade openness in China and the WTO member countries in OPEC. While negatively influence on distance (trade cost) and supports Linder hypothesis. Depreciation in bilateral exchange rates also negatively influence on China"s bilateral trade with OPEC. Contribution/ Originality:To the best of the authors" knowledge, this study is the first attempt to examine the China"s trade pattern with 14 OPEC member countries aver the period of 1990-2016 through gravity approach by estimation technique OLS and time fixed effects.

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“…Feenstra and Jin Wei (2010) in the book entitled China’s Growing Role in World Trade expressed that: “In less than three decades, China has grown from playing a negligible role in international trade to being one of the world’s largest trader”. A high number of scholars such as Ding and Tay (2016), Caporale et al (2015), Tahir and Azid (2015) and Chen et al (2014) believe that before 1978, China experienced a low level of trade openness because of her centrally planned economy (based on the World Bank Indicators, China had an average of nearly 7.24 per cent trade openness over the period of 1960-1977) which was under the tenets of the Maoist people’s communes (Soong, 2014). However, as stated by Xu (2011), the country attempted to modify this economic model during the Great Leap Forward (1958-1961) and Cultural Revolution (1966-1976).…”

Section: China–opec Trade Patternmentioning

confidence: 99%

China’s foreign trade policy with OPEC member countries

Rasoulinezhad

2017

JCEFTS

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Purpose The purpose of this paper is to analyze specifications of the China’s foreign trade policy with Organization of the Petroleum Exporting Countries (OPEC) member countries. Design/methodology/approach The paper conducts three panel data estimations (fixed effect [FE], random effect [RE] and fully modified ordinary least squares [FMOLS]) based on the gravity model approach for bilateral trade patterns in natural resource and non-natural resource commodities between China and 13 OPEC members over the period of 1998-2014. Findings The findings reveal that the gravity equation fits the data reasonably well. The existence of long-term relationships between the bilateral trade flows and the main components of gravity model – GDP, income (GDP per capita), the difference in income, exchange rate, the openness level, distance and WTO membership – through the FE, RE and the FMOLS approaches was confirmed. The estimation results show that the trade pattern between China and OPEC member countries relies on the Heckscher–Ohlin theory, thus being explained by difference in factor endowments such as energy resources and technology. Originality/value To the best of the authors’ knowledge, this is the first attempt to examine the China’s foreign trade policy with the OPEC member countries through a gravity trade approach.

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Is China Becoming the Core of Regional Trade and Market Integration in the Asia-Pacific?

Cited by 16 publications

References 0 publications

How to Evaluate the Green and High-Quality Development Path? An FsQCA Approach on the China Pilot Free Trade Zone

How to Evaluate the Green and High-Quality Development Path? An FsQCA Approach on the China Pilot Free Trade Zone

A Panel Data Analysis of Chinas Trade Pattern with OPEC Members: Gravity Model Approach

China’s foreign trade policy with OPEC member countries

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