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5211. Financial Services Liberalization in China: Conservative Gradualism

Author:
Chen Yixin
Publication Date:
01-2000
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Recent years have seen increasing liberalization of trade in financial services associated with the GATT / WTO negotiations. The Agreement concluded on 13 December 1997 by 70 WTO members will result in a significant impact on the financial services sector for these members. Although China has not yet been admitted to membership of the WTO, it has come under pressure to open its financial services market. Market access in this sector has been not only one of the major issues in its WTO accession talks, but also intrinsically linked to China's ongoing domestic financial system reforms, consistent with the gradualist scheme for its overall economic reform. China has been liberalizing its financial services sector, but only gradually. This paper outlines the reforms in its financial sector since 1979, and then offers an explanation for the slow speed of reform .
Topic:
Economics and International Trade and Finance
Political Geography:
China and Shanghai

5212. Hong Kong and the Pearl River Delta: "One Country, Two Systems" in the Emerging Metropolitan Context

Author:
Thomas P. Rohlen
Publication Date:
07-2000
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Now, more than at any point since 1949, Hong Kong's economic future is tied to that of China. This commonplace observation must be coupled with the less obvious, but equally fundamental point that Hong Kong's future with China is based largely on activities that arise in or pass through the Pearl River Delta. This region, however, is cut in half by a sovereign border and governed by a patchwork of political authorities. The Delta as a whole is rich with opportunities, but it is increasingly apparent that these can be realized only if integration moves forward, both in a metropolitan and regional sense. This prospect is currently marked by serious uncertainties.
Topic:
Security
Political Geography:
United States, China, Asia, and Hong Kong

5213. The United States and the Republic of China, 1949-1978: Suspicious Allies

Author:
Steven M. Goldstein
Publication Date:
02-2000
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
This paper discusses the relationship between the United States and the Republic of China (ROC) from 1949 to 1979. This was an association that began and ended with an American determination to distance itself from the government on Taiwan, in the interests of improved relations with the government of the People's Republic of China (PRC) on the mainland. In the intervening years, the United States and the ROC were aligned in a relationship—formalized by a mutual defense treaty from 1955 to 1979—which weathered two (almost three) military confrontations with the PRC.
Topic:
Security
Political Geography:
United States, China, America, and Asia

5214. Sustainable Development and the Open-Door Policy in China

Author:
James K. Galbraith and Jaiging Lu
Publication Date:
05-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
How can one best explain China's remarkable economic growth during twenty-one years and its rise from autarky to world economic power? The exercise requires chutzpah; it demands simplification; it cries out for the trained capacity to present a unifying theme with a weighty set of policy implications.
Topic:
Development
Political Geography:
China and Asia

5215. China, Nuclear Weapons, and Arms Control: A Preliminary Assessment

Author:
Robert A. Manning, Ronald Montaperto, and Brad Roberts
Publication Date:
04-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Historically, U.S. nuclear strategists and arms control experts have paid little attention to the People's Republic of China (PRC). China has not been a major factor in the U.S. nuclear calculus, which has remained centered on U.S.-Russian nuclear arsenals as the principal framework for arms control and arms reductions. Yet today China is the only one of the five de jure nuclear weapons states qualitatively and quantitatively expanding its nuclear arsenal.
Topic:
Security, Foreign Policy, Defense Policy, Arms Control and Proliferation, and Nuclear Weapons
Political Geography:
Russia, United States, China, Europe, and Asia

5216. The United States, Japan, and China: Setting the Course

Author:
Neil E. Silver
Publication Date:
04-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The political dynamics of China-Japan relations have changed in reaction to three events: the demise of bipolar world politics, China's ''rise,'' and Japan's unexpected economic stall. These changed political dynamics have brought important challenges and consequences for the United States.
Topic:
International Relations and Security
Political Geography:
United States, Japan, China, Israel, East Asia, and Asia

5217. The New Asian Challenge

Author:
C. Fred Bergsten
Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
The initial postwar challenge from East Asia was economic. Japan crashed back into global markets in the 1960s, became the largest surplus and creditor country in the 1980s, and was viewed by many as the world's dominant economy by 1990. The newly industrialized countries (Korea, Taiwan, Hong Kong, Singapore) followed suit on a smaller but still substantial scale shortly thereafter. China only re-entered world commerce in the 1980s but has now become the second largest economy (in purchasing power terms), the second largest recipient of foreign direct investment inflows, and the second largest holder of monetary reserves. Indonesia and most of Southeast Asia grew at 7 percent for two or more decades. The oil crises of the 1970s and the financial crises of the late 1990s injected temporary setbacks but East Asia has clearly become a third major pole of the world economy, along with North America and Western Europe.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
Japan, China, Europe, Israel, Taiwan, East Asia, Asia, North America, Korea, Singapore, and Hong Kong

5218. U.S. - Japan Energy Cooperation to Help Achieve Sustainable Energy Development in Asia

Author:
Richard L. Lawson, Donald L. Guertin, Shinji Fukukawa, and Kazuo Shimoda
Publication Date:
11-2000
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Given the dramatic increases in economic growth, energy use and attendant environmental problems in Asia, it is timely for Japan and the United States to increase their bilateral cooperation and cooperation with other Asian countries in the energy field as an integral part of their efforts to help Asia achieve sustainable development. The magnitude of growth in Asia in energy use is well illustrated, for example, by a projected doubling in China from 1990 to 2020. Projections indicate energy demand in China could triple by 2050, relative to 1990. These increases are not only of great significance to individual Asian economies, but also globally, as projections indicate that most of the growth in energy demand in the next century will occur in Asia (and principally in China and India). Achievement of such growth in energy demand, to improve the living standards of the 3.3 billion Asians that now represent about half of the world's population, is essential from the viewpoint of equity, social development and the economic well-being of people throughout Asia.
Topic:
Energy Policy and International Cooperation
Political Geography:
United States, China, Israel, East Asia, and Asia

5219. The Diffusion of the Internet in China

Author:
William Foster and Seymour E. Goodman
Publication Date:
11-2000
Content Type:
Working Paper
Institution:
Center for International Security and Cooperation (CISAC), Stanford University
Abstract:
China and the United States share a new and rapidly expanding border—the Internet. It is a border that neither country fully understands. The possibility for misunderstanding is great because the Internet is not only transforming the relationship between the two countries, it is also transforming the countries themselves. It could be argued that China is going through the greater change. Unlike the past where information was mediated by the State, the mass media, and the work unit, Chinese citizens with Internet connections and a command of English have unprecedented direct and immediate access to information and people around the world. Because of abundance of Chinese language content, Chinese who can only read Chinese still have access to a wealth of information. The Chinese government has imposed its own unique regime on the networks in China that connect to the Internet. Though the United States and China both participate in the Internet, the regimes that they use to govern their networks are very different.
Topic:
Government and Science and Technology
Political Geography:
United States, China, and Asia

5220. Impact On Global Warming Of Development And Structural Changes In The Electricity Sector Of Guangdong Province, China

Author:
Michael M. May, Chi Zhang, and Thomas C. Heller
Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Center for International Security and Cooperation (CISAC), Stanford University
Abstract:
This paper examines the impact on global warming of development and structural changes in the electricity sector of Guangdong Province, China, together with the possible effect of international instruments such as are generated by the Kyoto Protocol on that impact. The purpose of the paper is three–fold: to examine and analyze the data available, to put that data into an explanatory economic and institutional framework, and to analyze the possible application of international instruments such as CDMs in that locality. Our plans are to supplement this work with similar work elsewhere in China.
Topic:
Development, Economics, Energy Policy, and Environment
Political Geography:
China and Asia