China’s Policymaking for Regional Economic Cooperation PDF
Preview China’s Policymaking for Regional Economic Cooperation
InternationalPoliticalEconomySeries SeriesEditor:TimothyM.Shaw,VisitingProfessor,UniversityofMassachusetts Boston,USA,andEmeritusProfessor,UniversityofLondon,UK The global political economy is in flux as a series of cumulative crises impacts its organizationand governance. The IPE series has tracked its development in bothanalysisandstructureoverthelastthreedecades.Ithasalwayshadacon- centrationontheglobalSouth.NowtheSouthincreasinglychallengestheNorth asthecentreofdevelopment,alsoreflectedinagrowingnumberofsubmissions andpublicationsonindebtedEurozoneeconomiesinSouthernEurope. An indispensable resource for scholars and researchers, the series examines a variety of capitalisms and connections by focusing on emerging economies, companiesandsectors,debatesandpolicies.Itinformsdiversepolicycommuni- tiesastheestablishedtrans-AtlanticNorthdeclinesand‘therest’,especiallythe BRICS,rise. Titlesinclude: RachelK.Brickner(editor) MIGRATION,GLOBALIZATIONANDTHESTATE JuanitaEliasandSamanthiGunawardana(editors) THEGLOBALPOLITICALECONOMYOFTHEHOUSEHOLDINASIA TonyHeron PATHWAYSFROMPREFERENTIALTRADE ThePoliticsofTradeAdjustmentinAfrica,theCaribbeanandPacific DavidJ.Hornsby RISKREGULATION,SCIENCEANDINTERESTSINTRANSATLANTIC TRADECONFLICTS YangJiang CHINA’SPOLICYMAKINGFORREGIONALECONOMIC COOPERATION MartinGeigerandAntoinePécoud(editors) DISCIPLININGTHETRANSNATIONALMOBILITYOFPEOPLE MichaelBreen THEPOLITICSOFIMFLENDING LauraCarstenMahrenbach THETRADEPOLICYOFEMERGINGPOWERS StrategicChoicesofBrazilandIndia VassilisK.FouskasandConstantineDimoulas GREECE,FINANCIALIZATIONANDTHEEU ThePoliticalEconomyofDebtandDestruction HanyBesadaandShannonKindornay(editors) MULTILATERALDEVELOPMENTCOOPERATIONINACHANGING GLOBALORDER CarolineKuzemko THEENERGYSECURITY–CLIMATENEXUS InstitutionalChangeintheUKandBeyond HansLöfgrenandOwainDavidWilliams(editors) THENEWPOLITICALECONOMYOFPHARMACEUTICALS Production,InnovationandTRIPSintheGlobalSouth TimothyCadman(editor) CLIMATECHANGEANDGLOBALPOLICYREGIMES TowardsInstitutionalLegitimacy MarkHudson,IanHudsonandMaraFridell FAIRTRADE,SUSTAINABILITYANDSOCIALCHANGE AndrésRivarolaPuntiglianoandJoséBriceño-Ruiz(editors) RESILIENCEOFREGIONALISMINLATINAMERICAANDTHECARIBBEAN DevelopmentandAutonomy GodfreyBaldacchino(editor) THEPOLITICALECONOMYOFDIVIDEDISLANDS UnifiedGeographies,MultiplePolities MarkFindlay CONTEMPORARYCHALLENGESINREGULATINGGLOBALCRISES HelenHawthorne LEASTDEVELOPEDCOUNTRIESANDTHEWTO SpecialTreatmentinTrade NirKshetri CYBERCRIMEANDCYBERSECURITYINTHEGLOBALSOUTH KristianStokkeandOlleTörnquist(editors) DEMOCRATIZATIONINTHEGLOBALSOUTH TheImportanceofTransformativePolitics JeffreyD.Wilson GOVERNINGGLOBALPRODUCTION ResourceNetworksintheAsia-PacificSteelIndustry InternationalPoliticalEconomySeries SeriesStandingOrderISBN978–0–333–71708–0hardcover SeriesStandingOrderISBN978–0–333–71110–1paperback (outsideNorthAmericaonly) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to usattheaddressbelowwithyournameandaddress,thetitleoftheseriesand oneoftheISBNsquotedabove. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke,HampshireRG216XS,England China’s Policymaking for Regional Economic Cooperation Yang Jiang SeniorResearcher,DanishInstituteforInternationalStudies,Denmark palgrave macmillan ©YangJiang2013 Softcover reprint of the hardcover 1st edition 2013 978-1-137-34759-6 Allrightsreserved.Noreproduction,copyortransmissionofthis publicationmaybemadewithoutwrittenpermission. Noportionofthispublicationmaybereproduced,copiedortransmitted savewithwrittenpermissionorinaccordancewiththeprovisionsofthe Copyright,DesignsandPatentsAct1988,orunderthetermsofanylicence permittinglimitedcopyingissuedbytheCopyrightLicensingAgency, SaffronHouse,6–10KirbyStreet,LondonEC1N8TS. Anypersonwhodoesanyunauthorizedactinrelationtothispublication maybeliabletocriminalprosecutionandcivilclaimsfordamages. Theauthorhasassertedherrighttobeidentifiedastheauthorofthiswork inaccordancewiththeCopyright,DesignsandPatentsAct1988. Firstpublished2013by PALGRAVEMACMILLAN PalgraveMacmillanintheUKisanimprintofMacmillanPublishersLimited, registeredinEngland,companynumber785998,ofHoundmills,Basingstoke, HampshireRG216XS. PalgraveMacmillanintheUSisadivisionofStMartin’sPressLLC, 175FifthAvenue,NewYork,NY10010. PalgraveMacmillanistheglobalacademicimprintoftheabovecompanies andhascompaniesandrepresentativesthroughouttheworld. Palgrave®andMacmillan®areregisteredtrademarksintheUnitedStates, theUnitedKingdom,Europeandothercountries. ISBN 978-1-349-46740-2 ISBN 978-1-137-34760-2 (eBook) DOI 10.1057/9781137347602 Thisbookisprintedonpapersuitableforrecyclingandmadefromfully managedandsustainedforestsources.Logging,pulpingandmanufacturing processesareexpectedtoconformtotheenvironmentalregulationsofthe countryoforigin. AcataloguerecordforthisbookisavailablefromtheBritishLibrary. AcatalogrecordforthisbookisavailablefromtheLibraryofCongress. I dedicate this book to my grandfather Mao Xianghong, who devoted his life to the early development of China, and dared to speak the truth in turbulent times This page intentionally left blank Contents ListofTables viii Acknowledgements ix ListofAbbreviations x 1 Introduction 1 2 China’sPolicymakingfortheChina–ASEANFreeTrade Agreement 32 3 Australia–ChinaFTANegotiations 71 4 China’sPolicymakingforFinancialRegionalism 111 5 Conclusion:DomesticReformandGlobalEngagement 149 Notes 179 Bibliography 207 Index 223 vii Tables 1.1 CurrentstatusofChina’sFTAs 16 4.1 China’sbilateralswaparrangements(valuesin billionsofyuan) 141 viii Acknowledgements Ireceivedhelpfrommanypeopleonthisproject,butmostofallIwant to thank Professor John Ravenhill, whose mentorship made the whole processimmenselymemorableandvaluable.Myacademicgrowth,par- ticularlyinthefieldofpoliticaleconomy,wouldnothavebeenpossible without his constant support and encouragement. His professionalism and dedication to research and teaching will continue to guide me in myfuturecareer.Wordscannotfullyexpressmygratitudetohim. IwasfortunatetoreceivecommentsondraftchaptersfromProfessor Stuart Harris, a veteran foreign and economic policymaker in Australia and close observer of Chinese economic policy, and Professor Peter VanNess,along-timespecialistinChineseforeignpolicy.Theirknowl- edge of and enthusiasm for China and East Asia are great sources of inspirationforme. IamalsogratefultotheSeriesEditorTimothyShaw,forhispatience andencouragement. IoweagreatdebttomyintervieweesinChinaandAustraliawhoare themajorsourcesofinformationinthebook,buttheyarekeptanony- mous for confidentiality reasons. I have been constantly impressed by theopennessoftheiranswersandtheirrespectforacademicresearch. MyVisitingFellowshipsatBeijingUniversityandChinaAcademyof Social Sciences (CASS) were very useful during my fieldwork in China. Experts at the School of International Relations and China Centre for EconomicResearchofBeijingUniversity,andtheInstituteofAsiaPacific Studies and Institute of World Economics and Politics of CASS shared theirinsightfulknowledgeandcontactstosomeinterviewees. I am grateful to my family and friends for their understanding and support. I would not have travelled this far without their love and understanding. Finally,IdedicatethisbooktomygrandfatherMaoXianghong,who devotedhislifetotheearlydevelopmentofChina,anddaredtospeak thetruthinturbulenttimes. ix
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