By Yang Jiang
Utilizing first-hand interview info, Yang Jiang finds the major traits of China's exchange and monetary politics after its WTO accession. specifically, she highlights the impression of competing family pursuits, executive companies and assorted rules on China's overseas financial coverage.
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Utilizing first-hand interview information, Yang Jiang finds the major developments of China's exchange and monetary politics after its WTO accession. specifically, she highlights the impression of competing family pursuits, govt enterprises and varied principles on China's overseas fiscal coverage.
Additional info for China’s Policymaking for Regional Economic Cooperation
Indonesia, Malaysia and Thailand in particular requested China to add a list of ‘speciﬁc products’ to the EHP for fast-track tariff reduction, including palm oil, soap, anthracite and coke. As MOFCOM ofﬁcials believed, the demand for energy and resources was so high in China that increased imports from ASEAN would hardly affect domestic upstream producers. ), the China National Overseas Oil Corp. (CNOOC) and China Minmetals, which were expected by the government to serve national strategy. ASEAN countries signed the agreement with the expectation of not just exporting natural resources, but gaining access to many other sectors of the Chinese market and attracting more Chinese investment.
65 It highlights the role of institutions in structuring the interplay of interests and ideas. Here, institutions refer to formal and informal rules, norms and standard practices. Historical institutionalism emphasises the organisational culture and the pathdependent ‘stickiness’, or inertia, of institutions, but it is interested in the development and change of institutions over time. This study too will explore the possibilities of institutional change in the context of Chinese foreign economic policymaking.
However, when ASEAN proposed to integrate its ﬁve FTAs, effectively deepening cooperation of the East Asia Summit group, China gave it support, because of competition from the US in forming a TPP. Asia Paciﬁc When discussions on regional economic cooperation gained momentum in China, Asia Paciﬁc economic integration, and China’s participation in it, was placed in tandem with the narrower East Asian cooperation. At least, East Asian cooperation was regarded as a step towards Asia Paciﬁc regional economic integration (interviews with scholars, Beijing, March 2006).