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China–Asean economic relations after establishment of free trade area

Datos Bibliográficos

ID12206602
AutoresMin‐Hua Chiang (0000-0002-8537-6562, National University of Singapore, autor de correspondencia), Min-Hua Chiang (East Asian Institute, National University of Singapore, Singapore, Singapore)
Año2018
Volumen32
Número3
Páginas267-290
Fecha de publicación2018-05-10
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaThe Pacific Review (JOURNAL)
Identificadores de la revistaISSN: 0951-2748 • E-ISSN: 1470-1332
EditorialTaylor & Francis (PUBLISHER • GB)
DOI10.1080/09512748.2018.1470555
OpenAlexW2800857079
IdiomaEN
Citas recibidas5
Referencias citadas37

This paper aims to contribute to an understanding about the major changes in China–ASEAN economic relations after establishment of the China–ASEAN Free Trade Area (CAFTA) in 2010. First, China's merchandize trade balance with ASEAN has shifted from deficit to surplus since 2012. This reflects China's improving comparative advantage in manufacturing production vis-à-vis ASEAN as a whole. Second, with China's wage hike, ASEAN investors can no longer take advantage of China's cheap labor force. Concurrently, China's investment in ASEAN has been increasing and become more diversified, ranging from energy to manufacturing and services. Singapore has remained the most important investment destination for Chinese investors and the largest foreign investor in China among ASEAN countries. Third, China has comparative advantages in providing construction, telecommunications, computer and information services and other business services to ASEAN. On the other hand, ASEAN, led by Singapore, has opportunities in the financial services and tourism markets in China. Finally, the development of economic regionalism, notably the Regional Comprehensive Economic Partnership and Trans-Pacific Partnership, will remain critical for the CAFTA's relevance in regional economic integration, as well as China–ASEAN relations in the future

Balance of trade · Business · China · Comparative advantage · Economic integration · Economics · Foreign direct investment · Free trade · General partnership · International economics · International free trade agreement · International trade · Political science · Politics · Regionalism (politics · Tourism · Trade in services · Global Financial Crisis and Policies · Global trade and economics · International Business and FDI · Finance

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Obras citantes distintas5
Citas por año0,71
Intervalo de citas2019 - 2025 (7)
Velocidad de citaciónrecent
Altamente citadoNo
Tipos de citaNeutras: 5
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