China's Free Trade Ports: Effective Action Against the Threat of De‐globalization |
| |
| Authors: | Wei Tian Zhuxi Xu Miaojie Yu Huihuang Zhu |
| |
| Affiliation: | 1. Associate Professor, School of International Trade and Economics, University of International Business and Economics, China;2. Master's candidate, China Center for Economic Research (CCER), National School of Development, Peking University, China;3. Professor, CCER, National School of Development, Peking University, China;4. Master's candidate, CCER, National School of Development, Peking University, China |
| |
| Abstract: | With sluggish external demand and increasing trade protectionism by the USA and the European Union, China is facing severe challenges in implementing its deeper, ongoing reforms. To respond actively to such challenges, the Communist Party of China's 19th National Congress proposed to “promote a new pattern of all‐round opening up.” In particular, the establishment of free trade ports is considered an important means to realize deeper integration with the world economy. This paper discusses the background, the motivation, the possible challenges as well as a feasible path for the successful implementation of free trade ports in China. Based on the international experience, the construction of free trade ports in China requires freer trade in goods, high mobility of talent and free capital flow. |
| |
| Keywords: | de‐globalization free trade port international trade opening‐up policy F13 F21 F22 |
|
|
