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China’s Free Trade Zones: Regulatory Innovation, Legal Assessment and Economic Implication

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  • Delei Peng
  • Xiuyan Fei

Abstract

This article analyzes the construction of China’s Free Trade Zones (FTZs) from legal and economic perspectives and analyzes its economic implication. It presents the regulatory innovation on the FTZs and explains the legitimacy of the establishment of the FTZs. A full legal assessment on the FTZs is made and the weak points there of are indicated. To establish a legal assessment mechanism for the FTZs is considered as necessary to maintain a sound and sustainable development of the FTZs. In addition, the positive effect of the FTZs on the Chinese economy is analyzed and has been proven.

Suggested Citation

  • Delei Peng & Xiuyan Fei, 2017. "China’s Free Trade Zones: Regulatory Innovation, Legal Assessment and Economic Implication," Chinese Economy, Taylor & Francis Journals, vol. 50(4), pages 238-248, July.
    • Handle: RePEc:mes:chinec:v:50:y:2017:i:4:p:238-248
    DOI: 10.1080/10971475.2017.1321886
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    Cited by:

    1. Penghao Ye & Huarong Zhang & Siyi Ma & Fang Yang & Yanan Li, 2022. "A Knowledge Map Study of an Application of a Smart Land Planning Free-Trade Zone and China’s Contribution," Land, MDPI, vol. 11(6), pages 1-21, June.
    2. Sissani Midoun & Bengana Ismail, 2018. "Digital and Free Trade Zones Impact on Malaysia's Economy and Its Prospects (2000 2018)," International Journal of Economics and Financial Issues, Econjournals, vol. 8(4), pages 39-44.
    3. Xu, Shiteng & Shen, Ronghua & Zhang, Yahua & Cai, Yifei, 2024. "Fostering regional innovation efficiency through pilot free trade zones: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 356-367.
    4. Te Bao & Yun Dai & Yanxiang Feng & Shuai Liu & Ruixin Wang, 2023. "Trade liberalisation and trade and capital flows: Evidence from China pilot free trade zones," The World Economy, Wiley Blackwell, vol. 46(5), pages 1408-1422, May.
    5. Hao Hu & Shufang Wang & Jin-liao He, 2020. "Comparative Advantages of Free Trade Port Construction in Shanghai under the Belt and Road Initiative," IJFS, MDPI, vol. 8(1), pages 1-15, February.

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