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Chinas Wto Accession And Its Effect On State Owned Enterprises
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Book Synopsis Post-WTO economic effects on state-owned enterprises in China by : Ben Beiske
Download or read book Post-WTO economic effects on state-owned enterprises in China written by Ben Beiske and published by diplom.de. This book was released on 2003-10-21 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: The importance of the World Trade Organisation (WTO) for international free trade today has enticed China to join the WTO in December 2001. The significance of WTO membership for China cannot be underestimated, inevitably speeding up much-needed economic reform in the country. The gradual transition from a planned- to a market-economy is expected to continue in the future. The severity of the impacts for the economy will depend on how successful China is in providing policies that will assist the nation in the major adjustment problems that it faces in the future. The expected, actual, and needed implications for China s state-owned enterprises (SOEs) resulting from WTO membership will be investigated in detail; in the process, the significance of SOEs to the Chinese economy will be highlighted. SOEs are mostly ill- prepared for a post-WTO China, and the dismal state of these companies has already led to the decline of market share in the past decade. For the future, the retreat of the state is likely to continue. The main implications for SOEs from China s WTO membership are seen in the areas of competitiveness, corporate governance, privatisation, mergers and acquisitions, property rights, unemployment, and attracting and retaining qualified personnel. This dissertation offers one of the first detailed insights into the challenges facing China s SOEs today and the implications of China s WTO membership for these companies, while also highlighting the areas that require future attention. The understanding of the role and meaning of SOEs for the Chinese economy is of immense importance for foreign investors wanting to invest in the country, already cooperating with China s SOEs, or looking into the possibility of such. Inhaltsverzeichnis:Table of Contents: I.Table of Contents II.LIST OF TABLESIV III.LIST OF FIGURESV IV.GLOSSARYVI 1.INTRODUCTION1 1.1AIM &OBJECTIVES2 1.2OVERALL RESEARCH APPROACH3 1.3STRUCTURE OF THE DISSERTATION3 2.THE WTO & FREE TRADE4 2.1CHAPTER INTRODUCTION4 2.2THE WTO4 2.2.1UNDERSTANDING THE WTO4 2.2.2THE STRUCTURE &WORKING OF THE WTO7 2.2.3SIGNIFICANCE OF JOINING THE WTO13 2.3CHAPTER CONCLUSION16 3.CHINA & THE WTO18 3.1CHAPTER INTRODUCTION18 3.2CHINA S LONG MARCH TO WTO MEMBERSHIP18 3.2.1PROLONGED DIFFICULTIES19 3.2.2FINAL ACCESSION21 3.3CHAPTER CONCLUSION22 4.METHODOLOGY23 4.1CHAPTER INTRODUCTION23 4.2OVERALL RESEARCH APPROACH23 4.2.1OBJECTIVITY, VALIDITY & [...]
Book Synopsis China's WTO Accession and Its Effect on State-owned Enterprises by : Claustre Bajona
Download or read book China's WTO Accession and Its Effect on State-owned Enterprises written by Claustre Bajona and published by . This book was released on 2004 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Employment Impact of China's WTO Accession by : A. S. Bhalla
Download or read book The Employment Impact of China's WTO Accession written by A. S. Bhalla and published by Routledge. This book was released on 2003-11-20 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book explores the macroeconomic and sectoral employment implications (in agriculture, industry and services) of China's World Trade Organisation accession. It argues that while short-run employment losses may occur, in the longer term China will be able to generate additional employment particularly in the tertiary sectors; and that it can maintain its comparative advantage in labour-intensive exports by relocating production from high-cost coastal areas to the hinterland with abundant supply of cheap labour. It also argues that, although China is likely to benefit in the long run, in the short and medium term China is likely to face enormous problems, including increased unemployment as weaker links cease to be protected by tariffs, and the problem of restructuring state-owned enterprises.
Book Synopsis China's Accession to the World Trade Organization by : Robert Ash
Download or read book China's Accession to the World Trade Organization written by Robert Ash and published by Routledge. This book was released on 2013-04-03 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: With China's accession to the World Trade Organization imminent, this book brings together the expert views of scholars, policy-makers and business representatives on the consequences of this historic event. Insight into the past and future of China's relationship to the WTO is offered by authors involved on both sides of the negotiations on the EU-China bilateral agreement of May 2000 and the on-going negotiations up to spring 2001. An analyst and representatives from four economic sectors (the automobile industry, telecommunications, insurance and banking) clash over their predictions for the future. Also presented is an investigation of the challenges for China's political, social and legal systems, and revealing prognoses are given for the implications for global trade and investment flows for the EU and Greater China, and for the modus operandi of the WTO itself. By shedding light on economic effects and social and legal implications, the book gives a comprehensive picture of potential challenges arising from China's entry to the WTO.
Book Synopsis China's WTO Accession and the Impact on Its Large Manufacturing Enterprises by : Guy Shaojia Liu
Download or read book China's WTO Accession and the Impact on Its Large Manufacturing Enterprises written by Guy Shaojia Liu and published by World Scientific. This book was released on 2001 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: The greatest success of Chinese enterprise reform has been the creation of market competition. Competition has forced the state to retreat from non-strategic sectors and increased private ownership in the industry. This development has created ownership diversification in the Chinese industry, which is in line with the leadership's 2-R (?Retreat and Retain?) enterprise reform policy. The ownership diversification is a distinction of the reformed economy, called ?a socialist economy with Chinese characteristics?. The backbone of the economy is the large state firms in strategic sectors, largely shielded from international competition, in which most of them have been coping well with the domestically competitive environment. After China's entry to the WTO, can these firms still maintain their market dominance once all forms of protection are dismantled? Are Chinese firms ready for direct competition with their foreign rivals in the manufacturing sector? Will FAW, China's No. 1 state-owned automotive corporation, be defeated on its home ground by its foreign rivals in a freely accessed market? The core of these questions is about the sustainability of diversified ownership in the economy after it is integrated with the world trading system. Who will dominate the Chinese industry after the WTO entry: foreign or private ownership? The question is addressed by applying the market structure and entry theory of industrial economics, since WTO accession will basically result in change in both the market type and the market structure of the industry. Based on this, the study developed the market share testing theory to assess the competitiveness of dominant incumbents according to the type of market. The overall finding is that most large state incumbents will survive but their survival strategy will be changed from single ownership control to mixed ownership control. Thus, it is expected that more joint ventures between foreign and large state-owned firms will emerge in the post-WTO-entry economy. But whether such firms will evolve into foreign-controlled state-owned firms is an interesting question which remains to be answered.
Book Synopsis The difficulties surrounding China's accession to the World Trade Organisation, and the likely impacts on China’s economy in post-WTO China by : Ben Beiske
Download or read book The difficulties surrounding China's accession to the World Trade Organisation, and the likely impacts on China’s economy in post-WTO China written by Ben Beiske and published by GRIN Verlag. This book was released on 2003-07-17 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2003 in the subject Politics - Topic: International Organisations, grade: 1.6 (A), University of Manchester (Manchester School of Management), course: Manchester School of Management, language: English, abstract: What were the difficulties surrounding China’s accession to the World Trade Organisation (WTO)? Why has it taken the People’s Republic of China (PRC) over 15 years to join? What are the expected benefits and disadvantages of joining? What changes is WTO membership likely to bring to China’s economy in the future? These are the question this paper will address. WTO accession by China is often seen as the most significant event about China in the last decade, even ahead of the Taiwan Independence issue, which continues to penetrate world news periodically. Since the end of the Cultural Revolution in 1978, China has been on a course of economic reform. Today, Chinese are richer than ever before in history, with the country itself having experienced extended periods of extraordinary growth. Specifically, this report will highlight China’s first attempts to join the WTO more than 15 years ago in chapter two. Chapter three will focus on the main areas of difficulty surrounding WTO accession, while chapter four will comment on the final accession in December 2001. The expected economic advantages and disadvantages for China will be discussed in chapter five; finally, chapter six will offer a brief future outlook for China, again mainly from an economic perspective.
Book Synopsis China's Membership in the WTO and Enterprise Reform by : Harry G. Broadman
Download or read book China's Membership in the WTO and Enterprise Reform written by Harry G. Broadman and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Progress in reforming China's state owned enterprises (SOEs) has been a litmus test for assessing the Chinese leadership?s willingness to seek membership in the World Trade Organization (WTO). The more extensive the reform of the SOEs, the more resilient they would become to the rigors of the international marketplace and less strain would be placed on China?s economy. By the same token, China's accession to the WTO will spur SOE reform, since the greater external competitive pressure will induce enterprise restructuring. The November 1999 agreement between Chinese and U.S. authorities on terms for China?s WTO accession signals an important commitment by the Chinese to expose their SOEs to more fundamental market discipline and reform. However, even after China becomes a member of the WTO, the effectiveness of its implementation of WTO commitments will turn on continued reform of the SOE sector. This paper sheds light on these challenges by analyzing the incentives and constraints on China's SOE reform program. Four critical aspects of the reforms are highlighted and evaluated against the backdrop of international experience: clarification of property rights; establishment of large group/holding companies and other new organizational structures; improved corporate governance incentives; and implementation of international financial accounting and auditing practices. The paper concludes with policy recommendations.
Book Synopsis Economic Reform And Cross-strait Relations: Taiwan And China In The Wto by : Julian Chang
Download or read book Economic Reform And Cross-strait Relations: Taiwan And China In The Wto written by Julian Chang and published by World Scientific. This book was released on 2007-07-26 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a discussion of the general impact of WTO membership on both sides of the Taiwan Strait, and addresses the political and economic impact on cross-Strait relations of common membership.The book begins with an introduction which analyzes the state of cross-Strait economic and political relations on the eve of dual accession to the WTO and briefly introduces the chapters which follow. The first chapter discusses the concessions made by both sides in their accession agreements and is followed by two chapters which describe the manner in which the Taiwan economy was reformed to achieve compliance as well as the specific, restrictive trade regime that was put into place to manage mainland trade. The next two chapters deal with the implications of that restrictive trade regime for the Taiwan economy in Asia and with the nature of the interactions between the two sides within the WTO. The final four chapters of the volume examine the impact of membership on four sectors of the economy: finance; agriculture; electronics and automobiles. There is a post-script which briefly covers developments since the chapters were completed.
Book Synopsis China and the Challenge of Economic Globalization by : Hung-Gay Fung
Download or read book China and the Challenge of Economic Globalization written by Hung-Gay Fung and published by Routledge. This book was released on 2017-07-28 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2006.
Book Synopsis China's WTO Accession Reassessed by : Wang Luolin
Download or read book China's WTO Accession Reassessed written by Wang Luolin and published by Routledge. This book was released on 2015-02-20 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's accession to the World Trade Organisation in 2001 was a highly significant event both for China and for the wider world. This book argues that, although at the time some people doubted the likely benefits, China's WTO accession has been highly successful. It discusses how China has abided by its commitment to WTO terms and how WTO membership has contributed to China's reform and opening up; explores how vastly increased co-operative exchange with many countries around the world has been mutually beneficial in a range of fields including trade, science and culture; and shows how China's WTO membership has been a great stimulus both for China's economy and the world economy. The book considers the subject from a number of perspectives, and draws out lessons for future reform and development for China, and for China's relations with the rest of the world, emphasising the need to maintain a win-win approach.
Book Synopsis Under New Ownership by : Shahid Yusuf
Download or read book Under New Ownership written by Shahid Yusuf and published by World Bank Publications. This book was released on 2006 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although China's centrally planned economy is a little more than a shadow of its former self, the closely inter-linked reforms of the enterprise and banking sectors are still incomplete. The relative size of the state-owned enterprise sector has been much reduced, however, the sector remains the dominant borrower from the banking system and is responsible for the majority of bank non-performing assets. Thus in the interests of financial stability it is crucial to implement the remaining reform agenda. The accession to the WTO has also made it more urgent for China's most-dynamic state-owned en.
Book Synopsis WTO Regulation of Subsidies to State-Owned Enterprises (Soes) - a Critical Appraisal of the China Accession Protocol by : Julia Ya Qin
Download or read book WTO Regulation of Subsidies to State-Owned Enterprises (Soes) - a Critical Appraisal of the China Accession Protocol written by Julia Ya Qin and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The existence of a large number of state-owned enterprises (SOEs) in China and government subsidies to them has caused much concern among its trading partners. The Protocol on the Accession of China to the World Trade Organization (WTO) sets out certain provisions directly or indirectly addressing this concern. Among them are the provisions of an SOE-based specificity test and authorization for the importing country to use, on a permanent basis, alternative benchmarks in calculating Chinese subsidies. In addition, the Protocol excludes China from invoking the privatization exception available to developing country members under the Agreement on Subsidies and Countervailing Measures. This article provides a critical analysis of the Protocol approach towards the issue of SOE subsidies and examines its implications for economic reform in China and for the WTO legal system.
Book Synopsis China and the WTO by : Deepak Bhattasali
Download or read book China and the WTO written by Deepak Bhattasali and published by World Bank Publications. This book was released on 2004-07-09 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's accession to the WTO requires a great many specific policy reforms. However, if the best results are to be obtained, it is important that these reforms be implemented as part of a consistent development program, rather than simply by treating them as a recipe. To do this, policy makers must understand the range and nature of the policy changes required by accession, their implications for the economy, and the availability and effects of supporting policies. 'China and the WTO' analyzes the nature of the reforms involved in China's accession to the WTO, assesses their implications for the world economy, and examines the implications for individual households, particularly the poor. Its key objective is to provide the information that will allow policy makers to implement WTO commitments and formulate supporting policies to contribute strongly to economic development and poverty reduction. Individual chapters by leading scholars analyze the nature of the reforms in key areas, such as agriculture, services, intellectual property and safeguards and anti-dumping. These chapters form the building blocks for later chapters which analyze the implications of reform for the economy. The book also includes a series of studies that assess the implications for households, taking into account the social safety net policies applying in China, and the impacts of complementary policies in areas such as labor market reform and investments in human capital. Of interest to policymakers, academe and students studying international trade issues and to practitioners in the area of trade and development, 'China and the WTO' is a valuable addition to the wealth of information provided by the World Bank Trade and Development Series.
Book Synopsis Law and the Market Economy in China by : Perry Keller
Download or read book Law and the Market Economy in China written by Perry Keller and published by Routledge. This book was released on 2017-07-05 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume concerns several aspects of China's changing market based economy. These include commercial contract enforcement, corporate structures, competition law and other issues related to China's membership in the WTO. In the past two decades, the rapid integration of China's economy into the global marketplace has created obligations and expectations of non-discrimination and regulatory transparency in domestic markets. The Chinese government has responded by demanding better governance within major companies, market sectors and public administration generally. However, as the articles in this volume show, it has struggled to find a corporate structure capable of absorbing external equity investment and participation but still amenable to direct and indirect state guidance. It has also moved cautiously in creating legal controls over unfair competition. Moreover, the protection of state owned enterprises, which serve as vehicles for domestic economic, social and political policy, has been a recurring issue in China's WTO trade disputes.
Book Synopsis Law and Investment in China by : Vai Io Lo
Download or read book Law and Investment in China written by Vai Io Lo and published by Routledge. This book was released on 2004-08-02 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese market is appealing, but the Chinese legal system is very complicated. A basic understanding of Chinese law is absolutely crucial for companies investing in this fast-growing and potentially huge market. Since China is moving toward a socialist market economy and is increasingly integrated into the world market, some aspects of China's commercial law are different from, while others are moving into line with, those of mature market economies. This book provides an introduction to the Chinese legal system, focusing on laws and regulations on foreign direct investment and highlights recent government policies and measures undertaken to intensify economics reforms so as to meet various challenges arising from China's accession to the World Trade Organization.
Book Synopsis China and the WTO by : Supachai Panitchpakdi
Download or read book China and the WTO written by Supachai Panitchpakdi and published by John Wiley & Sons. This book was released on 2002-01-25 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work analyses the implications for world trade of China's entry into the World Trade Organization. It has taken fifteen long years of dialogue and heated debate and it will take its place among the other members at the end of 2001. This momentous event is relayed by the next WTO Chairman.
Book Synopsis China's Admittance to the WTO and Industrial Structural Adjustment in the World Economy by : Christopher Charles Findlay
Download or read book China's Admittance to the WTO and Industrial Structural Adjustment in the World Economy written by Christopher Charles Findlay and published by . This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
