Responses to Globalization from a Big Transition Economy: The Case of China
Ding Lu · Global Economic Review · 2005
Five years after its accession to the World Trade Organization, China has to carry out full commitments of market opening in many fronts, in particular the local currency banking services. Meanwhile, as China gradually rises to the rank of the middle-income countries, it faces the possible conflicts between ensuring a smooth integration of its economy into the global market and sustaining a full-employment growth of the domestic economy. This paper discusses several intermediate and long-term challenges to China in the era of globalization.