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Dipak Das Gupta - China engaged: integration with the global economy

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    China engaged: integration with the global economy
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China Engaged: Integration with the Global Economy recognizes Chinas growing importance as a key player in the global economy. With its share in the world trade expected to more than triple by 2020, China will most likely become the second largest trading nation, after the United States. The report warns, however, that to realize such benefits, China and its major trading partners will need to mount efforts to further liberalize their trade and investment relationships within the context of a rules-based multilateral system, including Chinas accession to the World Trade Organization.

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title China Engaged Integration With the Global Economy China 2020 - photo 1

title:China Engaged : Integration With the Global Economy China 2020 Series
author:Das Gupta, Dipak.
publisher:World Bank
isbn10 | asin:0821340794
print isbn13:9780821340790
ebook isbn13:9780585264646
language:English
subjectChina--Foreign economic relations, China--Commercial policy, Investments, Foreign--China, Capital movements--China.
publication date:1997
lcc:HF1604.C448 1997eb
ddc:337.51
subject:China--Foreign economic relations, China--Commercial policy, Investments, Foreign--China, Capital movements--China.
Page i
China Engaged
CHINA 2020
Page ii
CHINA 2020 SERIES
China 2020:
Development Challenges in the New Century
Clear Water, Blue Skies:
China's Environment in the New Century
At China's Table:
Food Security Options
Financing Health Care:
Issues and Options for China
Sharing Rising Incomes:
Disparities in China
Old Age Security:
Pension Reform in China
China Engaged:
Integration with the Global Economy
Page iii China Engaged Integration with the Global Economy CHINA - photo 2
Page iii
China Engaged
Integration with the Global Economy
CHINA 2020
Page iv Copyright 1997 The International Bank for Reconstruction and - photo 3
Page iv
Copyright 1997
The International Bank for Reconstruction
and Development/THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing September 1997
The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. The boundaries, colors, denominations, and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
Cover photograph by Serge Attal/ Gamma Liaison.
Cover insets (from left to right) by Vince Streano/Aristock, Inc.; Claus Meyer/ Black Star; Dennis Cox/China Stock; Dennis Cox/China Stock; Joe Carini/Pacific Stock; Erica Lansner/Black Star.
ISBN: 0-8213-4079-4
Page v
Contents
Acknowledgments
vii
Overview
1
Chapter 1
China in the World Economy
5
Picture 4
Integration with the World Economy
5
Picture 5
Openness and Growth
8
Chapter 2
Foreign Trade Institutions and Policies
11
Picture 6
Foreign Trade Institutions and Trade Barriers
12
Picture 7
China's Trade Reforms
13
Chapter 3
Integration with Global Capital Markets
19
Picture 8
Global Financial Flows to Developing Countries
20
Picture 9
Global Integration of Capital Markets
23
Picture 10
Commercial Borrowing and Debt Management
25
Picture 11
China's Outward Investments
26
Chapter 4
Global Effects of China's Integration to 2020
29
Picture 12
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