Between Market Economy and State Capitalism

China's State-Owned Enterprises and the World Trading System

AvHenry Gao,Weihuan Zhou

Häftad, Engelska, 2024

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Beskrivning

One major issue facing the world trading system today is how to deal with the challenge of China's state capitalism. Many commentators believe that the existing WTO rules are insufficient and, thus new rules are needed. This book challenges this conventional wisdom. Through meticulous studies and fresh analysis of the commitments in China's WTO accession package, existing rules on state capitalism in WTO agreements and recent attempts to make new rules on these issues at the bilateral, regional and multilateral levels, this book argues that existing WTO rules, especially those on subsidies, coupled with China-specific rules in its accession protocol, do provide feasible tools to counter China's state capitalism. This book also discusses the reasons for the lack of usage of these rules and provides concrete policy suggestions on how the rules may be better utilized, as well as how to conduct constructive negotiations on new rules in the WTO and beyond.

Produktinformation

Utgivningsdatum:2024-11-14
Mått:152 x 229 x 12 mm
Vikt:331 g
Format:Häftad
Språk:Engelska
Serie:Cambridge International Trade and Economic Law
Antal sidor:223
Förlag:Cambridge University Press
ISBN:9781108828499

Utforska kategorier

Internationell ekonomi inom Ekonomi och Ledarskap
Folkrätt inom Juridik
Internationella relationer inom Samhälle och politik

Mer om författaren

Henry Gao is a Senior Fellow at the Centre for International Governance Innovation and Professor of Law at Singapore Management University. He sits on the Advisory Board of the WTO Chairs Program and the editorial boards of the Journal of International Economic Law and Journal of Financial Regulation. Weihuan Zhou is Associate Professor and Director of Research at the Faculty of Law and Justice, UNSW Sydney and the Faculty's HSF CIBEL Centre. He is the author of China's Implementation of the Rulings of the World Trade Organization (2019), co-Secretary of the Society of International Economic Law (SIEL) and editorial board member of the Journal of International Trade Law and Policy.

Recensioner i media

'Henry Gao and Weihuan Zhou have done the nearly impossible—unpacked the relationship between the triumph of China and the decline of the WTO while presenting a compelling challenge to the conventional wisdom that WTO rules are inadequate to address Chinese state capitalism. A must read for those looking to understand how China's economic model impacts the world and its trading system.' Jennifer Hillman, Co-Director of Center of Inclusive Trade and Development and Professor from Practice, Georgetown University Law Center

Innehållsförteckning

1. China, state capitalism and the World Trading System; 2. The evolution of China's reforms of State-Owned Enterprises (1978–2020); 3. State capitalism in China's accession to the WTO: concerns and solutions; 4. The limits of general WTO rules; 5. The potential of WTO rules on industrial subsidies and China-specific obligations; 6. Emerging approaches to regulating State-Owned Enterprises: the comprehensive and progressive agreement for Trans-Pacific Partnership (CPTPP) and Post-CPTPP free trade agreements; 7. Tackling China's state capitalism: WTO litigation and trade negotiation; 8. Conclusion: the potential of multilateralism.