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New Patterns of Global Governance and China’s Strategy of Free Trade Zone

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National Test

Abstract

One Belt and One Road refers to the belt-shaped regional economy unit formed from coastal areas in east China to Asian, African and European countries on the basis of geographical division of labor in Asia, Africa and Europe, etc. at different levels, and with different characteristics. The belt-shaped economic areas are formed with production and circulation integration, which are dense in points, radiant in surface, and extensive in lines by relying on the transport and communication trunks composed by three Eurasia Land Bridges, China-Myanmar-India-Bangladesh Economic Corridor, China-Pakistan Economic Corridor, Central Asia natural gas pipeline, China-Myanmar Petroleum pipeline, etc., and several railways, air routes, road network, water transport, telecommunication lines, etc. as development axle, centering on the economically developed cities along the axle, represented by Beijing, Shanghai, Guangzhou, Fuzhou, Yangzhou, Xi’an, Urumqi in China and several big cities in the Asian, African and European regions.

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Notes

  1. 1.

    IMF has divided the countries worldwide into Advanced Economy, Emerging Market and Developing Economies. The division way is mainly based on the following three factors: (1) income per capita; (2) export diversity (for instance, the GDP per capita of the petroleum exporting countries are very high, however, 70 % of the exported products are petroleum, they therefore do not belong to advanced economy); and (3) involvement extent into the global financial market. The investigation time for the division is relatively long, and will not be subject to modification easily except otherwise important event takes place like Latvia’s joining the Euro Zone.

  2. 2.

    The global average level was 2.91 points. Germany ranked the top with 4.32 points and Somalia the bottom, with 1.50 point.

  3. 3.

    There were no statistics for Afghanistan, Buhtan, Laos, Maldives, and Timor-Leste and these countries may possible lie in the bottom of the list.

  4. 4.

    Please refer to Jo-Ann Crawford and Roberto V. Fiorentino 2005, The Changing Landscape of Regional Trade Agreements, Discussion Papers No. 8, WTO Secretariat.

  5. 5.

    As TiSA has 48 member states, including developed countries like America, Japan and EU member states, and developing countries/regions like Chile and Pakistan. TiSA covers 70 % of the world’s trade in services, with an annual trade volume of USD 4 trillion.

  6. 6.

    Please refer to American 2012BIT: Footnote 8 of Clause 2 of Chap. 2; Clause 1(h) and footnote 12 of Chap. 8; Clause 8 of Chap. 11.

  7. 7.

    Please refer to Cui Fan: American 2012BIT and Sino-US BIT Negotiation, Journal of International Trade, Issue 2, 2013.

  8. 8.

    Outlines of the Trans-Pacific Partnership Agreement, http://www.ustr.gov/about-us/press-office/fact-sheets/2011/november/outlines-trans-pacific-partnership-agreement, 2014-06-16访问。

  9. 9.

    http://www.mofcom.gov.cn/article/i/jyjl/j/201406/20140600622883.shtml, 2014-06-16.

    Japan-America TPP negotiation stalled: possibly delayed till 2015, http://www.mofcom.gov.cn/article/i/jyjl/j/201406/20140600622883.shtml, 2014-06-16.

  10. 10.

    http://money.163.com/14/0614/05/9UM7L50T00253B0H.html, 2014-06-16.

    TPP negotiation: rules established by America torture the Asia-Pacific Region: http://money.163.com/14/0614/05/9UM7L50T00253B0H.html, 2014-06-16.

  11. 11.

    The complete list of TiSA negotiation members is as follows: Australia, Canada, Chile, Columbia, Costa Rica, EU, Hong Kong (China), Iceland, Israel, Japan, Liechtenstein, Mexico, New Zealand, Norway, Pakistan, Panama, Paraguay, Peru, Korea, Switzerland, Taiwan (China), Turkey and America.

  12. 12.

    China-Peru FTA, China-New Zealand FTA, etc.

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Correspondence to Lin Xiao .

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© 2016 Truth and Wisdom Press and Springer Science+Business Media Singapore

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Xiao, L. (2016). New Patterns of Global Governance and China’s Strategy of Free Trade Zone. In: National Test. Springer, Singapore. https://doi.org/10.1007/978-981-10-0218-2_14

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