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Reform and opening up in the new era: China trade policy review

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  • Changyuan Luo
  • Yan Zhi

Abstract

This paper reviews the major changes in China's trade policies in the last few years. During this period, the adjustment of trade policies has developed in the following ways: first, the establishment of free trade zones, which emphasises the importance of advanced systems rather than preferential policies; second, putting forward the “Belt & Road” Initiative, which indicates China's new stage of development from “bringing in” to “going out”; third, holding import expos, which marks an era when China's foreign trade development has shifted from focusing on exports only to focusing on both exports and imports; fourth, reducing entry barriers of foreign capital, which demonstrates that the policy framework for FDI has gradually changed from a positive list to a negative list; fifth, promoting trade negotiations, which reflects that China has actively participated in bilateral, regional and multilateral trade talks; and finally, building up new experimental fields of reform and opening up, which shows evidence that a new generation of special economic zones is emerging.

Suggested Citation

  • Changyuan Luo & Yan Zhi, 2019. "Reform and opening up in the new era: China trade policy review," The World Economy, Wiley Blackwell, vol. 42(12), pages 3464-3477, December.
    • Handle: RePEc:bla:worlde:v:42:y:2019:i:12:p:3464-3477
    DOI: 10.1111/twec.12895
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    Cited by:

    1. Holger Görg & Haiou Mao, 2022. "Does the belt and road initiative stimulate Chinese exports? Evidence from micro data," The World Economy, Wiley Blackwell, vol. 45(7), pages 2084-2100, July.
    2. Görg, Holger & Mao, Haiou, 2020. "Does the belt and road initiative stimulate Chinese exports? The role of state-owned enterprises," Kiel Working Papers 2148, Kiel Institute for the World Economy (IfW Kiel).
    3. Schulhof, Vera & van Vuuren, Detlef & Kirchherr, Julian, 2022. "The Belt and Road Initiative (BRI): What Will it Look Like in the Future?," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    4. Zhang, Xueru & Song, Wei & Lang, Yanqing & Feng, Xiaomiao & Yuan, Quanzhi & Wang, Jingtao, 2020. "Land use changes in the coastal zone of China’s Hebei Province and the corresponding impacts on habitat quality," Land Use Policy, Elsevier, vol. 99(C).
    5. Hui Hu & Yuqi Zhu & Chien-Chiang Lee & Alastair M. Morrison, 2023. "The effects of foreign product demand-labor transfer nexus on human capital investment in China," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-13, December.
    6. Nugent, Jeffrey B. & Lu, Jiaxuan, 2021. "China's outward foreign direct investment in the Belt and Road Initiative: What are the motives for Chinese firms to invest?," China Economic Review, Elsevier, vol. 68(C).
    7. Hong Cao, 2023. "The analysis of edge computing combined with cloud computing in strategy optimization of music educational resource scheduling," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 14(1), pages 165-175, February.

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