China’s Policymaking for Regional Economic Cooperation

250 Pages·2013·1.092 MB·English

by  Yang Jiang (auth.)

InternationalPoliticalEconomySeries
SeriesEditor:TimothyM.Shaw,VisitingProfessor,UniversityofMassachusetts
Boston,USA,andEmeritusProfessor,UniversityofLondon,UK
The global political economy is in flux as a series of cumulative crises impacts
its organizationand governance. The IPE series has tracked its development in
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asthecentreofdevelopment,alsoreflectedinagrowingnumberofsubmissions
andpublicationsonindebtedEurozoneeconomiesinSouthernEurope.
An indispensable resource for scholars and researchers, the series examines
a variety of capitalisms and connections by focusing on emerging economies,
companiesandsectors,debatesandpolicies.Itinformsdiversepolicycommuni-
tiesastheestablishedtrans-AtlanticNorthdeclinesand‘therest’,especiallythe
BRICS,rise.
Titlesinclude:
RachelK.Brickner(editor)
MIGRATION,GLOBALIZATIONANDTHESTATE
JuanitaEliasandSamanthiGunawardana(editors)
THEGLOBALPOLITICALECONOMYOFTHEHOUSEHOLDINASIA
TonyHeron
PATHWAYSFROMPREFERENTIALTRADE
ThePoliticsofTradeAdjustmentinAfrica,theCaribbeanandPacific
DavidJ.Hornsby
RISKREGULATION,SCIENCEANDINTERESTSINTRANSATLANTIC
TRADECONFLICTS
YangJiang
CHINA’SPOLICYMAKINGFORREGIONALECONOMIC
COOPERATION
MartinGeigerandAntoinePécoud(editors)
DISCIPLININGTHETRANSNATIONALMOBILITYOFPEOPLE
MichaelBreen
THEPOLITICSOFIMFLENDING
LauraCarstenMahrenbach
THETRADEPOLICYOFEMERGINGPOWERS
StrategicChoicesofBrazilandIndia
VassilisK.FouskasandConstantineDimoulas
GREECE,FINANCIALIZATIONANDTHEEU
ThePoliticalEconomyofDebtandDestruction
HanyBesadaandShannonKindornay(editors)
MULTILATERALDEVELOPMENTCOOPERATIONINACHANGING
GLOBALORDER
CarolineKuzemko
THEENERGYSECURITY–CLIMATENEXUS
InstitutionalChangeintheUKandBeyond
HansLöfgrenandOwainDavidWilliams(editors)
THENEWPOLITICALECONOMYOFPHARMACEUTICALS
Production,InnovationandTRIPSintheGlobalSouth
TimothyCadman(editor)
CLIMATECHANGEANDGLOBALPOLICYREGIMES
TowardsInstitutionalLegitimacy
MarkHudson,IanHudsonandMaraFridell
FAIRTRADE,SUSTAINABILITYANDSOCIALCHANGE
AndrésRivarolaPuntiglianoandJoséBriceño-Ruiz(editors)
RESILIENCEOFREGIONALISMINLATINAMERICAANDTHECARIBBEAN
DevelopmentandAutonomy
GodfreyBaldacchino(editor)
THEPOLITICALECONOMYOFDIVIDEDISLANDS
UnifiedGeographies,MultiplePolities
MarkFindlay
CONTEMPORARYCHALLENGESINREGULATINGGLOBALCRISES
HelenHawthorne
LEASTDEVELOPEDCOUNTRIESANDTHEWTO
SpecialTreatmentinTrade
NirKshetri
CYBERCRIMEANDCYBERSECURITYINTHEGLOBALSOUTH
KristianStokkeandOlleTörnquist(editors)
DEMOCRATIZATIONINTHEGLOBALSOUTH
TheImportanceofTransformativePolitics
JeffreyD.Wilson
GOVERNINGGLOBALPRODUCTION
ResourceNetworksintheAsia-PacificSteelIndustry
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China’s Policymaking for
Regional Economic
Cooperation
Yang Jiang
SeniorResearcher,DanishInstituteforInternationalStudies,Denmark
palgrave
macmillan
©YangJiang2013
Softcover reprint of the hardcover 1st edition 2013 978-1-137-34759-6
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ISBN 978-1-349-46740-2 ISBN 978-1-137-34760-2 (eBook)
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AcataloguerecordforthisbookisavailablefromtheBritishLibrary.
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I dedicate this book to my grandfather Mao Xianghong, who
devoted his life to the early development of China, and dared to
speak the truth in turbulent times
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Contents
ListofTables viii
Acknowledgements ix
ListofAbbreviations x
1 Introduction 1
2 China’sPolicymakingfortheChina–ASEANFreeTrade
Agreement 32
3 Australia–ChinaFTANegotiations 71
4 China’sPolicymakingforFinancialRegionalism 111
5 Conclusion:DomesticReformandGlobalEngagement 149
Notes 179
Bibliography 207
Index 223
vii
Tables
1.1 CurrentstatusofChina’sFTAs 16
4.1 China’sbilateralswaparrangements(valuesin
billionsofyuan) 141
viii
Acknowledgements
Ireceivedhelpfrommanypeopleonthisproject,butmostofallIwant
to thank Professor John Ravenhill, whose mentorship made the whole
processimmenselymemorableandvaluable.Myacademicgrowth,par-
ticularlyinthefieldofpoliticaleconomy,wouldnothavebeenpossible
without his constant support and encouragement. His professionalism
and dedication to research and teaching will continue to guide me in
myfuturecareer.Wordscannotfullyexpressmygratitudetohim.
IwasfortunatetoreceivecommentsondraftchaptersfromProfessor
Stuart Harris, a veteran foreign and economic policymaker in Australia
and close observer of Chinese economic policy, and Professor Peter
VanNess,along-timespecialistinChineseforeignpolicy.Theirknowl-
edge of and enthusiasm for China and East Asia are great sources of
inspirationforme.
IamalsogratefultotheSeriesEditorTimothyShaw,forhispatience
andencouragement.
IoweagreatdebttomyintervieweesinChinaandAustraliawhoare
themajorsourcesofinformationinthebook,buttheyarekeptanony-
mous for confidentiality reasons. I have been constantly impressed by
theopennessoftheiranswersandtheirrespectforacademicresearch.
MyVisitingFellowshipsatBeijingUniversityandChinaAcademyof
Social Sciences (CASS) were very useful during my fieldwork in China.
Experts at the School of International Relations and China Centre for
EconomicResearchofBeijingUniversity,andtheInstituteofAsiaPacific
Studies and Institute of World Economics and Politics of CASS shared
theirinsightfulknowledgeandcontactstosomeinterviewees.
I am grateful to my family and friends for their understanding and
support. I would not have travelled this far without their love and
understanding.
Finally,IdedicatethisbooktomygrandfatherMaoXianghong,who
devotedhislifetotheearlydevelopmentofChina,anddaredtospeak
thetruthinturbulenttimes.
ix