Journal of International Trade is supervised by Ministry of Education of PRC, and sponsored by University of International Business and Economics. It aims to build up the top one academic journal with an international perspective in the field of economy and trade in China, and to provide services for China’s economic progress and enterprise development. The scope covers East Asia economic cooperation, regional trade, service trade, international investment and transnational operation, and international finance. The journal is included in CSSCI.
Editor-in-Chief Lin Guijun
Deputy Editor-in-Chief Tang Bi
Editorial Board Anthony Vennables(UK), David Round(Australia), Edmund Phelps(U.S.A.), E. Kwan Choi, Francisco Rivera-Batiz(U.S.A.), Gordon Anderson(Canada), Jagdish N. Bhagwati(U.S.A.), John Whal
By the construction of a game theory model under the framework of vertical related markets under the background of Chinese supply-side reform, this paper studied the substitutability between the export tariff policy and competition policy of the exporting of strategic resources goods. It comes to the results as follows: firstly, when the government imposes export tariffs on the strategic resources goods, with export tariffs decreasing, government can implement easing competition policy to replace export tariff in order to decrease the number of enterprises in the intermediate input industry; secondly, when government collects environmental tax, with the intensity of environmental tax increasing, government can use strict policy to expand the number of enterprises in the intermediate input industry; thirdly, when the capacity of intermediate goods markets is smaller or the environment damage caused by intermediate goods is smaller, competition policy can replace export tariff policy and environmental policy more easily. This paper shows that under the background of phasing out rare earth export tariff and the poor enforcement of environmental policy, the easing competition policy which the Chinese government uses fits the demand of the healthy development of rare earth industry. In the future, with the intensity of environmental policy strengthening, the Chinese government could implement more strict competition policy gradually in strategic resources industry such as rare earth industry since implementing competition policy is the internal requirement of the supply-side reform.
The
Foreign Investment Lawof the People’s Republic of China is an important achievement of the long-term reform of the foreign investment management system in China and a basic law for the establishment of a new foreign investment management system. The establishment of a new foreign investment management system based on the
Foreign Investment Lawof the People’s Republic of China is an important measure to adapt to the changes in the structure of foreign investment in China. The new law is a product of current situation. On one hand, it is necessary for China to enact such a codified
Foreign Investment Law at this stage, which is in line with the historical trend of reform. On the other hand, the existing
Foreign Investment Lawof the People’s Republic of China should be further amended when conditions are ripe, so as to achieve more thorough and uniform supervision of domestic and foreign investment on an equal footing. The high level opening brought about by the promulgation of the
Foreign Investment Lawof the People’s Republic of China will put forward higher requirements for reform, and at the same time require more innovations and breakthroughs in the basic theory and strategic thinking of China’s reform and opening-up.
The recent years witness the difficulties and challenges faced with multilateral trading system along with the rising anti-globalization and trade protectionism. Among others, the Appellate Body, as the key component of WTO dispute settlement mechanism, has been experiencing the unprecedented crisis of ceasing to operate by the end of 2019 due to the continuous blockage of appointment of the vacant members by the U.S. Against this backdrop, this Article proposes to utilize arbitration to resolve trade disputes among WTO members in response to the survival crisis of Appellate Body. The proposals are composed of three aspects. First, using Arbitration provided in Article 25 of the DSU as an alternative means to resolve trade disputes in accordance with its original design and purpose. Second, using Article 25 Arbitration of the DSU as an appeal mechanism, namely appeal arbitration, taking advantage of the flexibility offered by Article 25. Third, the likeminded WTO members may negotiate and conclude a plurilateral arbitration agreement in order to institutionalize the arbitration as a means to resolve trade disputes. Based on these proposals, the Article offers a series of recommendations for China, a constant proponent of multilateralism, in regard to utilizing arbitration to resolve trade disputes and playing an active role in negotiating and concluding a plurilateral arbitration agreement.
In this paper, we attempted to study the impact of trade liberalization on China’s urban-rural income gap. Meanwhile, we came up with an explicit mechanism that trade liberalization affected rural labors’ non-agricultural employment. This is the practice of H-O theorem, and accords to the fact that the huge migration of rural labor to cities is happening in today’s China. Based on China’s prefecture-level panel data from 2000 to 2013, the OLS and IV approaches both find that trade liberalization significantly narrows China’s urban-rural income gap. It is because that trade liberalization promotes the non-agricultural employment of rural labor. In addition, we find the positive impacts of exports, final and intermediate imports on narrowing China’s urban-rural income gap. Hence, we think that we should stick to the policy of reform and opening-up and take a more active part in the global production network. Meanwhile, when encouraging export, we should also pay attention to import. We should ensure trade balance, and make it develop sustainably.
Based on the 2000–2014 world input-output table, this paper used WWZ decomposition accounting and social network analysis to analyze the structural features and dynamic changes in the value-added network of international service trade export. The results are as follows. The network has small world characteristics and the development of domestic value-added services is concentrated on the depth of trade and shows a dense trend, while the development of foreign value-added services is reflected in the depth and breadth of trade, which is conducive to deepening the embedding degree of global value chain and promoting the extension of value chain. Over the years, the network can be divided into three service trade groups in Europe, North America and Asia-Pacific represented by Germany, the U.S. and China respectively. Germany and the U.S. are at the core of the trade network and have important influence and control over the global trade in services. China has been gradually shifting from the periphery of the international service trade network to the core, but still has some room for improvement compared with Germany.
After 40 years of development, China’s processing trade has reached a significant and pivotal era, thereby entering a period of non-synchronous regional transformation, which is reflected in the fall of processing trade share and the rise of general trade share among coastal provincial areas in eastern China (processing trade transformation area). Nonetheless, central and western provincial areas with large populations (processing trade undertaking area) demonstrate opposite trends. Theoretically, the trade pattern structure reflects the characteristics of local manufacturing processes, and thus may influence the intensity of industrial-waste emissions through the channels of cleaning effect and technical effect. Group empirical study based on panel data from 2006–2015 of 28 provincial areas shows that there is a significant negative correlation among industrial SO
2 emission intensity and the processing trade share among provincial areas in China and processing trade undertaking areas, and a positive correlation among provincial areas in processing trade transformation areas. Consistent results are shown in robustness tests of the relationship between trade pattern and employment ratio of low-end labor-intensive manufacturing industries, thereby reinforcing the dialectic relation among trade pattern structure, characteristics of manufacture and emission intensity. Given the background of rising costs in the eastern China and rising protectionism in international environmental trade, the expansion of opening-up of the central and western regions may begin with learning from processing trade from eastern China, and actively completing the accumulation and upgrading of capital and technology with the assistance of the government.
Using the 4-digit HS code of products exported from China to the free trade agreement (FTA) members, this paper has examined the impact of FTAs on the quality of China’s manufacturing exports. The results show that FTAs have a significant effect on improving the quality of exports, and these results are still valid after the appropriate instrumental variables are selected to overcome the endogeneity of FTAs. From the perspective of importers, FTAs have a major positive impact on the quality of products exported to the middle and low-income countries and Asian countries. From the perspective of different product types, the impact of FTAs on product quality is different due to the difference in products’ technology type, export competitiveness, and quality gap from the world’s leading edge. Moreover, FTAs have significant lagged effect. In addition, the mediating effect test shows that market competition is an important channel through which FTAs affect the quality of China’s exports.
