Between market economy and state capitalism: China's state-owned enterprises and the world trading system

Publication Type

Book

Publication Date

11-2022

Abstract

One major issue facing the world trading system today is how to deal with the challenge of China's state capitalism. Many commentators believe that the existing WTO rules are insufficient and, thus new rules are needed. This book challenges this conventional wisdom. Through meticulous studies and fresh analysis of the commitments in China's WTO accession package, existing rules on state capitalism in WTO agreements and recent attempts to make new rules on these issues at the bilateral, regional and multilateral levels, this book argues that existing WTO rules, especially those on subsidies, coupled with China-specific rules in its accession protocol, do provide feasible tools to counter China's state capitalism. This book also discusses the reasons for the lack of usage of these rules and provides concrete policy suggestions on how the rules may be better utilized, as well as how to conduct constructive negotiations on new rules in the WTO and beyond.

Keywords

State capitalism, WTO, international trade, China

Discipline

Asian Studies | International Trade Law

First Page

1

Last Page

250

ISBN

9781108830065

Identifier

10.1017/9781108908795

Publisher

Cambridge University Press

City or Country

Cambridge

Additional URL

https://doi.org/10.1017/9781108908795

Link to Full Text

Share

COinS