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What Does the Economic Rise of China Imply for ASEAN and India?: Focus on Trade and Investment Flows

In: Foreign Investment in Developing Countries

Author

Listed:
  • Sadhana Srivastava
  • Ramkishen S. Rajan

Abstract

The People’s Republic of China (PRC)2 has been opening up its economy to the outside world in a carefully managed and phased manner since 1979. The PRC’s economy grew at an annual average rate of 9.2 per cent between 1980 and 2000, and its merchandize exports expanded by more than 15 per cent annually over the same period. With the PRC’s phenomenal growth since the 1980s, it has emerged as a major economic power in Asia. The PRC is the most populous country in the world, the second largest economy in terms of GDP at purchasing power parity (PPP), the world’s sixth biggest merchandize trading nation, the twelfth largest global exporter of commercial services and the largest recipient of foreign direct investment (FDI) among developing countries. The PRC’s accession to the World Trade Organization (WTO) in December 2001 is widely expected to give a further fillip to the country’s FDI, export and overall growth prospects over the medium and longer term.

Suggested Citation

  • Sadhana Srivastava & Ramkishen S. Rajan, 2004. "What Does the Economic Rise of China Imply for ASEAN and India?: Focus on Trade and Investment Flows," Palgrave Macmillan Books, in: Harbhajan S. Kehal (ed.), Foreign Investment in Developing Countries, chapter 9, pages 171-204, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-55441-2_10
    DOI: 10.1057/9780230554412_10
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    Cited by:

    1. Srabani Roy Choudhury, 2010. "Japan’s Foreign Direct Investment Experiences in India: Lessons Learnt from Firm Level Surveys," Working Papers id:2363, eSocialSciences.
    2. Skulska Bogusława, 2011. "Process of the Economic Integration of China with Asean Countries. An Overview," Folia Oeconomica Stetinensia, Sciendo, vol. 10(1), pages 36-52, January.
    3. Guanyi Leu, 2011. "ASEAN’s Preferential Trade Agreements (PTA) Strategy," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 30(2), pages 31-64.
    4. Srabani Roy Choudhury, "undated". "Japan's Foreign Direct Investment Experiences in India: Lessons Learnt from Firm Level Surveys," Indian Council for Research on International Economic Relations, New Delhi Working Papers 243, Indian Council for Research on International Economic Relations, New Delhi, India.
    5. Srabani Roy Choudhury, 2009. "Japan’s Foreign Direct Investment Experiences in India : Lessons Learnt from Firm Level Surveys," Finance Working Papers 22910, East Asian Bureau of Economic Research.

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