Trading with the People's Republic of China

Paper Summary:

This paper provides a brief history of China, its economy and its world trade. This paper discusses the barriers that are keeping the PRC from meetings its trading goals: Fears of ideological differences, social upheaval, change and economic freedom. The author suggests that trade relations will improve when China opens its banking system to foreign banks.

Table of Contents
Overview
Brief History of China
The Chinese Economy
China's Major Trading Partners
Barriers for China's Trade Growth
How the World Must Trade With China

From the Paper:

"This difference that Williamson addresses is one which plays a profound role in the strategy of the Chinese government when considering increasing trade relations. The Western model of capitalism is based on the belief that industry, when left alone grows and prospers within a free market economy, one that not only provides substance for its citizens but also leaves a surplus for export. In China, however, success is based on the exchange of economic advantages for political favors, major profits for technological innovation, and multilateral agreements with other Asian nations where vital resources are at stake."

More papers on Trading with the People's Republic of China:

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• Research Paper # 53074 : "China's Accession to the World Trade Organization"

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