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Between Market Economy and State Capitalism: China's State-Owned Enterprises and the World Trading System

Between Market Economy and State Capitalism: China's State-Owned Enterprises and the World Trading System

Name: Between Market Economy and State Capitalism: China's State-Owned Enterprises and the World Trading System
Brand: Cambridge University Press
SKU: 9781108830065
Price: 1160.12 HKD
Availability: InStock
Author: Henry Gao; Weihuan Zhou
ISBN: 9781108830065

Edited by Henry Gao · Weihuan Zhou

Cambridge University Press November 2022

Specifications

ISBN-13: 9781108830065
Publisher: Cambridge University Press
Publication: November 2022
Format: Hardback
Jurisdiction: U.K. ? Countri(es) for reference only

Details

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 such 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 sufficient 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 these rules may be used, as well as how to conduct constructive negotiations on new rules in the WTO and beyond.

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

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