Abstract
Since the late 1970s, China has been experiencing rapid economic growth thanks to its market-oriented reforms and open-door policy. The last three decades have seen China achieving an astonishing average growth rate of over 9 percent in GDP. In 2006, China was the fourth-largest foreign direct investment (FDI) recipient, the largest foreign currency reserve holder, and the second-largest exporter in the world. Its economy has never before been so deeply integrated with the global economy.
1. Ruobing Liang is Associate Professor of economics at Xiamen University, China. His research interest is public economics. He thanks Mingjiang Li, Shiping Tang, and Sarah Tong for their helpful comments on a previous draft.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Sheng Lijun, “China-ASEAN Free Trade Area: Origins, Developments and Strategic Motivations,” ISEAS (Institute of Southeast Asian Studies) Working Paper: International Politics and Security Issues Series, No. 1 (Singapore, 2003).
Markus Hund, “ASEAN plus Three: Toward a New Age of Pan-East Asian Regionalism? A Skeptic’s Appraisal,” Pacific Review 16:3 (2003), pp. 383–417.
John Weiss and Shanwen Gao, “Exports Competition between China and ASEAN Countries in U.S. and Japanese Market during the Second Half of 1990s,” Jingjixue Jikan (China Economic Quarterly) 3:3 (2004), pp. 569–586;
David R. Holst and John Weiss, “ASEAN and China: Exports Rivals or Partners in Regional Growth?” World Economy 27:8 (2004), pp. 1255–1274;
John Wong and Sarah Chan, “China-ASEAN Free Trade Agreement: Shaping Future Economic Relations;” Asian Survey 43:3 (2003), pp. 507–526.
“Indonesia Textile Industry Choked;” The Straits Times (Singapore), September 2, 2002, p. 1; Jose L. Tongzon, “ASEAN-China Free Trade Area: A Bane or Boon for ASEAN Countries?” World Economy 28:2 (2005), pp. 191–210.
David Greenaway and Chris Milner, “Regionalism and Gravity,” Scottish Journal of Political Economy 49:5 (2002), pp. 574–585.
Lee Jong-Wha and Park Innwon, “Free Trade Areas in East Asia: Discriminatory or Non-discriminatory?” World Economy 28:1 (2005), pp. 21–48;
Matthieu Bussiere and Bernd Schnatz, “Evaluating China’s Integration in World Trade with a Gravity Model Based Benchmark,” ECB (European Central Bank) Working Paper Series No.693 (Frankfurt, 2006);
Christos Papazoglou, Eric J. Pentecost, and Helena Marques, “A Gravity Model Forecast of the Potential Trade Effects of EU Enlargement: Lessons from 2004 and Path-dependency in Integration,” World Economy 29:8 (2006), pp. 1077–1089.
Robert C. Feenstra, “Border Effects and the Gravity Equation: Consistent Methods for Estimation,” Scottish Journal of Political Economy 49:5 (2002), pp. 491–506.
Tse-Kang Leng, “Dynamics of Taiwan-Mainland China Economic Relations: The Role of Private Firms,” Asian Survey 38:5 (1998), pp. 494–509.
Tang Shiping, “Economic Integration in Central Asia: The Russian and Chinese Relationship,” Asian Survey 40:2 (2000), pp. 360–376.
David Roland-Holst and John Weiss, “People’s Republic of China and Its Neighbors: Evidence on Regional Trade and Investment Effects,” Asian-Pacific Economic Literature 19:2 (2005), pp. 18–35.
Prema-chandra Athukorala and Nobuaki Yamashita, “Production Fragmentation and Trade Integration: East Asia in a Global Context,” Paper for the workshop on Regional Integration with Particular Reference to Asia, CA, USA, February 25, 2005;
Francis Ng and Alexander Yeats, “Major Trade Trends in East Asia: What Are Their Implications for Regional Cooperation and Growth?” World Bank Policy Research Working Paper 3084 (Washington, DC: World Bank, 2003).
Editor information
Copyright information
© 2009 Shiping Tang, Mingjiang Li, and Amitav Acharya
About this chapter
Cite this chapter
Liang, R. (2009). The Politics and Economics of China’s Economic Presence in Asia: A Preliminary Empirical Assessment. In: Tang, S., Li, M., Acharya, A. (eds) Living with China. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230622623_4
Download citation
DOI: https://doi.org/10.1057/9780230622623_4
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-38006-0
Online ISBN: 978-0-230-62262-3
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)