Peter Drysdale - Chinas Entry into the World Trade Organisation

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China's Entry to the WTO

The future of China's modernisation is dependent on the reactions of the rest of the world to China's economic growth. China's membership of the World Trade Organisation (WTO) is a crucial part of this process. This volume provides a detailed, up-to-date analysis of the strategic issues and policy options of China's accession to the WTO. It explains why China needs the WTO and why the WTO needs China. Quantitative analysis demonstrates how tariff reduction resulting from China's accession to the WTO will benefit the Chinese economy as well as the rest of the world. The book argues that there is no single trade policy initiative likely to result in larger gains in international trade in the foreseeable future than China's accession to the WTO.

Featuring contributions from an international selection of leading economists and China experts, this book is a timely and valuable addition to the literature on international trade, China and Asian economics.

Peter Drysdale is one of Australia's foremost authorities on Australia's international trade and economic diplomacy. He is Executive Director of the Australia-Japan Research Centre (AJRC) in the Asia Pacific School of Economics and Management and Professor of Economics in the Research School of Pacific and Asian Studies at the Australian National University. He is responsible for an Australia-wide research program on economic relations with Japan and the Asia Pacific, involving research cooperation with economists in economies throughout the Asia Pacific region. Ligang Song is a specialist in applied international trade studies, the Chinese economy and the Asia Pacific economy. Dr Song is Director of the China Economy and Business Program and a Fellow at the Australia-Japan Research Centre in Asia Pacific School of Economics and Management and the Research School of Pacific and Asian Studies.

Routledge Curzon Studies in the Growth Economies
of Asia

1 The Changing Capital Markets of East Asia
Edited by Ky Cao

2 Financial Reform in China
Edited by On Kit Tam

3 Women and Industrialization in Asia
Edited by Susan Horton

4 Japan's Trade Policy
Action or reaction?
Yumiko Mikanagi

5 The Japanese Election System
Three analytical perspectives
Junichiro Wada

6 The Economics of the Latecomers
Catching-up, Technology transfer and institutions in Germany, Japan and South Korea
Jang-Sup Shin

7 Industrialization in Malaysia
Import substitution and infant industry performance
Rokiah Alavi

8 Economic Development in Twentieth Century East Asia
The international context
Edited by Aiko Ikeo

9 The Politics of Economic Development in Indonesia
Contending perspectives
Edited by Ian Chalmers and Vedi Hadiz

10 Studies in the Economic History of the Pacific Rim
Edited by Sally M. Miller, A.J.H. Latham and Dennis O. Flynn

11 Workers and the State in New Order Indonesia
Vedi R. Hadiz

12 The Japanese Foreign Exchange Market
Beate Reszat

13 Exchange Rate Policies in Emerging Asian Countries
Edited by Stefan Collignon, Jean Pisani-Ferry and Yung Chul Park

14 Chinese Firms and Technology in the Reform Era
Yizheng Shi

15 Japanese Views on Economic Development
Diverse paths to the market
Kenichi Ohno and Izumi Ohno

16 Technological Capabilities and Export Success in Asia
Edited by Dieter Ernst, Tom Ganiatsos and Lynn Mytelka

17 Trade and Investment in China
The European experience
Edited by Roger Strange, Jim Slater and Limin Wang

18 Technology and Innovation in Japan
Policy and management for the 21st century
Edited by Martin Hemmert and Christian Oberlnder

19 Trade Policy Issues in Asian Development
Prema-chandra Athukorala

20 Economic Integration in the Asia Pacific Region
Ippei Yamazawa

21 Japan's War Economy
Edited by Erich Pauer

22 Industrial Technology Development in Malaysia
Industry and firm studies
Edited by K.S. Jomo, Greg Felker and Rajah Rasiah

23 Technology, Competitiveness and the State
Malaysia's industrial technology policies
Edited by K.S. Jomo and Greg Felker

24 Corporatism and Korean Capitalism
Edited by Dennis L. McNamara

25 Japanese Science
Samuel Coleman

26 Capital and Labour in Japan
The functions of two factor markets
Toshiaki Tachibanaki and Atsuhiro Taki

27 Asia Pacific Dynamism 15502000
Edited by A.J.H. Latham and Heita Kawakatsu

28 The Political Economy of Development and Environment in Korea
Jae- Yong Chung and Richard J. Kirkby

29 Japanese Economics and Economists since 1945
Edited by Aiko Ikeo

30 China's Entry to the WTO
Edited by Peter Drysdale and Ligang Song

China's Entry to the WTO

Strategic issues and quantitative
assessments

Edited by

Peter Drysdale and Ligang Song

LONDON AND NEW YORK

First published 2000
by Routledge
11 New Fetter Lane, London EC4P 4EE

Simultaneously published in the USA and Canada
by Routledge
29 West 35th Street, New York, NY 10001

RoutledgeCurzon is an imprint of the Taylor & Francis Group

This edition published in the Taylor & Francis e-Library, 2005.

To purchase your own copy of this or any of Taylor & Francis or Routledge's collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk.

2000 Editorial matter and selection, Peter Drysdale and Ligang Song; individual chapters, the respective contributors

All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

British Library Cataloging in Publication Data
A catalogue record for this book is available from the British Library

Library of Congress Cataloguing in Publication Data
China's entry to the WTO: strategic issues and quantitative assessments/edited by
Peter Drysdale and Ligang Song.
Includes bibliographical references and index.
1. World Trade OrganizationChina. 2. ChinaCommercial policy. I. Drysdale,
Peter. II. Song, Ligang.
HF1385.C48 2000
382 .92 0951-dc21

ISBN 0-203-39822-X Master e-book ISBN

ISBN 0-203-39954-4 (Adobe eReader Format)
ISBN 0-415-24101-4 (Print Edition)

Contents

Peter Drysdale and Ligang Song

Ross Garnaut and Yiping Huang

Justin Yifu Lin

Yang Shengming

Ligang Song

Wen Hai

Peter Drysdale

Xiao-guang Zhang

Christian F. BachWill Martin and Jennifer A.Stevens Spatz

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