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An Assessment of Chinese Thinking on Trade Liberalization
By Jialin Zhang
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Executive Summary
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Essay
An examination of recent theoretical and empirical research in China about that country's
trade protection policies reveals that an increasing number of leading economists now
favor the liberalization of the Chinese market economy and its closer integration with the
world economy. Chinese policy toward foreign trade reveals greater domestic market
openness. Not only has China deeply cut tariffs in recent years but it is committed to even
greater cuts in the next few years to an average rate of 15 percent by the year 2000, a level
maintained by most developing countries. Chinese policymakers, recognizing that greater
foreign direct investment and imports mean acquiring foreign technology, are now eager
to liberalize the regimes trading system and to reduce protection for those high-cost
uncompetitive enterprises and industries.
EXECUTIVE SUMMARY
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ESSAY
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