East Asian Economic Integration
Show Less

East Asian Economic Integration

Law, Trade and Finance

Edited by Ross P. Buckley, Richard Weixing Hu and Douglas W. Arner

This book analyses recent developments and likely future paths for trade and financial integration in East Asia. It suggests a more coherent, balanced way forward for regional economic integration and analyses implications for institution building in East Asia.
Show Summary Details
You do not have access to this content

Chapter 5: China’s Strategy for Free Trade Agreements: Political Battle in the Name of Trade

Henry Gao


Henry Gao Compared with Europe and America, East Asia is a latecomer in the new gold-rush of free trade agreements (FTAs). In this process, China has played a significant role. This is not only due to the growing economic clout of China but also because China has taken a conscious strategy to push for economic integration in the region. Thus, for the benefit of the countries in the region, it is very important to understand China’s FTA strategy. This chapter starts with the evolving picture of China’s FTA web, then discusses the key components of China’s FTA strategy, and concludes by noting the implications of China’s FTA strategy on the region and beyond. OVERVIEW OF CHINA’S FTAS While China adopted an export-oriented development model when it started its economic reform in the late 1970s, it did not contemplate the possibility of entering into FTAs until much later for the following reasons. The first reason is the general hostile attitude towards FTAs. Throughout the 1970s and 1980s, there was little interest in FTAs. It was only in the early 1990s that countries around the world started to engage in FTAs seriously. Indeed, of the most important FTAs existing in the world today, such as the EU, NAFTA, MERCOSUR and ASEAN, most only took their current form in the 1990s. In particular, Asian countries lag behind their European and American counterparts when it comes to FTAs. Thus, even if China had been interested in FTAs then, it would have had difficulty in...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.