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Pax SinicaGeopolitics and Economics of China's Ascendance$
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Y.Y. Kueh

Print publication date: 2012

Print ISBN-13: 9789888083824

Published to Hong Kong Scholarship Online: May 2013

DOI: 10.5790/hongkong/9789888083824.001.0001

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China and the Prospects for Economic Integration within APEC*

China and the Prospects for Economic Integration within APEC*

(p.254) (p.255) 10 China and the Prospects for Economic Integration within APEC*
Pax Sinica

Y. Y. Kueh

Hong Kong University Press

This chapter intends to address the overall potential for intra-regional trade, as opposed to trade with outside world. It gives a brief review of the relative strengths of the Chinese economy in terms of its GNP size, output structure, degree of industrialization and trade volume, relative to that of the various Asian Pacific Economic Cooperation (APEC) economies. This chapter also examines the changing trends in China's trade within APEC, vis-à-vis trade with countries outside the region since the early 1980s. It then attempts to identify the major obstacles and constraints inherent in the present Chinese economic system, as well as policies for further economic integration within APEC and with the outside world in general. The concluding section discusses the basic implications for China of the APEC tariff agenda established under the Bogor Declaration of November 1994, under which the long-term goal of free and open trade and investment in the Asia-pacific region is to be achieved no later than 2020, or by 2010 for the industrialized economies of APEC.

Keywords:   Asian Pacific Economic Cooperation (APEC), Intra-regional trade, Economic integration, Asia-pacific region, China, Trade

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