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China’s Economic Transformations

Unequal partnerships and open doors: probing China’s economic ambitions in Asia

Pages 2112-2129 | Received 25 Apr 2015, Accepted 27 Jul 2015, Published online: 11 Dec 2015
 

Abstract

One of the most important arguments with which China has sought to develop amicable relations with its neighbours has been the promise of economic benefits. Yet, this paper argues, these gains have remained limited. In spite of limited available data, the paper shows that China’s contribution to the rest of Asia’s GDP has been small and for most neighbours negative. Moreover, China is increasingly impelling those countries into partnerships that look unequal rather than equal. While Beijing has tried to mitigate frustration by promising to rebalance its economy and to create more export opportunities, the paper goes on to reveal that China is in fact readying itself to make another major push for exports itself and to pursue its own open-door policy.

中国寻求发展与邻国的友好关系,最重要的理由之一一直是经济利益的承诺。然而,本文认为,这些利益仍然有限。尽管可得到的资料有限,该文章还是显示,中国对亚洲其他国家的国内生产总值的贡献微小,甚至对大多数邻国来说影响是负面的。此外,中国正日益加速与这些国家结成看似不平等而非平等的伙伴关系。尽管北京试图通过承诺重新平衡其经济并为他国创造更多的出口机会,以减轻他们的挫折感,该文还是透露,中国实际上是在为再一次大举促进出口,并实行自己的门户开放政策而做好准备。

Notes

1. Full text of Xi Jinping’s speech at the opening ceremony of the Boao Forum for Asia, AC 2013, April 7, 2013. http://english.boaoforum.org/mtzxxwzxen/7379.jhtml.

2. Mahbubani, The New Asian Hemisphere; Das, The Asian Economy; Li, and Chong, China–ASEAN Sub-regional Cooperation; and Wong, “A China-centric Economic Order.”

3. Moore, Defining and Defending the Open Door Policy.

4. McCormick, “Insular Imperialism”; and Clyde, “The Open Door.”

5. Liqing, “Competitive or Complementary?”; and Park et al., “Prospects for ASEAN–China Free Trade Area.”

6. Wong, “A China-centric Economic Order.”

7. Yueh, “The China Effect.”

8. Beeson and Lee, China’s Regional Relations; and Ravenhill, “Is China a Threat?”

9. Jones and Rainsborough, ASEAN and East Asian International Relations.

10. Sutter, China’s Rise; and Goh, Evelyn, and Simon Sheldon, China, the United States, and South-East Asia.

11. Johnston, Social States; and Goh, The Struggle for Order.

12. World Bank, World Development Indicators (WDI), Datasheet 1: GDP.

13. WDI, Datasheet 2: Real GDP.

14. WDI, Datasheet 3: Manu.

15. UNCTAD Stats , Datasheet 4: Manuex. http://unctad.org/en/Pages/Statistics.aspx.

16. Trading Economic Database. Accessed December 10, 2014. http://www.tradingeconomics.com/vietnam/employed-persons.

17. Source file 13: Employment. http://www.jonathanholslag.be/twq/.

18. Unctad Statistical Database and source file op. cit., sheet 9.

19. UNCTAD Statistical Database, “Value, Shares and Growth of Services Exports and Imports by Service-category, Annual, 1980–2013.”

20. “CEPA: Opportunities for Hong Kong Services,” HKTDC Business Alert, August 2013.

21. State Administration of Foreign Exchange Database, accessed December 10, 2014. http://www.safe.gov.cn/wps/portal/sy/tjsj.

22. Mofcom and different national agencies, Source file 11: ODI. www.jonathanholslag.be/TWQ.

23. UNCTAD Stats, Source file 10: Balance C2.

24. Ren, “Development Status and Trends.”

25. World Bank, World Development Indicators.

26. Xuan, “China moves towards High Income Status”; and Lu, “Chen Chansheng.”

27. DRC World Economic and Trade Patterns Task Force, The Future Trends of Globalization; and Ministry of Finance, “An Evaluation of China’s Industrial Assets Development Plan.”

28. Government Work Report 2013, op. cit. , section 1; State Council, “Twelfth Five-year National Innovation Capacity-building Programme”; and Ministry of Finance, Notice Concerning the 2014 Budget.

29. State Council, “To Maintain Basic Stability.”

30. State Council, “Government Work Report 2013,” section 3.4.

31. Wang, “Xi Jinping presided over the First Politburo Standing Committee Meeting.”

32. Zhu, “Xi Jinping Presided over Politburo Meeting.”

33. Liu, “The Reasons for China’s Success.”

34. Conversations with DRC and NDRC officials; and conversation with official at the Ministry of Commerce, Beijing, December 5, 2012.

35. National Development and Reform Commission, Electronic Information Industry Restructuring Plan; State Council, “State Council Observations on the Healthy Development of the Photovoltaic Industry,” section 4; and State Council, “Notice of the State Council to Accelerate the Implementation of Structural Adjustment Programs,” section 3.4.

36. Hu, “International Trade Patterns.”

37. Ministry of Commerce, Several Opinions on the Exploration of Emerging Markets, section 1.

38. Ibid., section 3.

39. Ibid., section 4.

40. Ibid., section 6.

41. Ibid., section 4.4. The 12th Five-year Plan for foreign trade speaks of supporting companies to establish their own marketing network (支持企业建立自主营销网络).

42. Liao, “Seven Departments Issued a Joint Policy Document.”

43. Lu, “Chen Chansheng.”

44. Ministry of Commerce, Foreign Trade Development and the Twelfth Five-year Plan, section 2.3.

45. Lu, “Long Guoqiang.”

46. Li, “We Should Grasp the Strategic Opportunities.”

47. Central Committee, The Central Committee to Decide.

48. Ministry of Commerce, The Year 2014.

49. Li, “China’s FTA Strategy.”

50. DRC World Economic and Trade Patterns Task Force, The Future Trends of Globalisation.

51. State Council, “Opinions on Key Tasks”; and Ministry of Commerce, Foreign Trade Development and the Twelfth Five-year Plan, section 4.4.

52. Institute for Reform and Development Task Force, Accelerate the Upgrading of the China–ASEAN Free Trade Area, section 3.

53. Men, Rational Thinking on China’s Grand Strategy.

54. Holslag, “China’s Roads to Influence.”

55. People’s Daily, May 24, 2014.

56. State Council, The Government Work Report 2014, section 3.A.

57. Ministry of Commerce, Foreign Trade Structure Adjustment ; and Ministry of Finance, An Evaluation of China’s Industrial Assets Development Plan, section 4.

58. Liu, “A New Opening up to Shape Chinese Industries.”

59. China State Administration of Foreign Exchange Database. http://www.safe.gov.cn/wps/portal/english/.

60. Wang, “State Council Executive Meeting.”

61. The China ASEAN Fund. Accessed December 2014. http://www.china-asean-fund.com/news.php?slider1=1.

62. Conversation with NDRC official, October 13, 2014; conversation with SIIS Expert-official, October 13, 2014; conversation with official of the Development and Resource Commission of the State Council, October 14, 2014; and conversation with Central Party School Official, November 8, 2014.

63. Conversation with SIIS Expert-official, October 13, 2014.

64. Government Work Report 2012.

65. Yu, “It would be Difficult to Raise the Export Tax Rebate.”

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