China 's Trade Regulation Policies

China is one of the biggest countries along with Thailand and Japan who make goods for Australia. Being Australia’s third largest merchandise trading partner and seventh largest service export market in 2003, China might significantly affect the Australian economy through any changes made to its trade policies. A more liberal Chinese trade policy could increase Australia’s income in part through greater market access for its exports. Of every hundred dollars of national

This observation from Jeffery Schott of the Institute for International Economics captures the essence of the China-World Trade Organization debate in America and the world today. China’s unprecedented economic growth has put it at the forefront of the US trade agenda. America’s is the biggest economy and China’s is the most populous nation, in terms of sheer number of people. To

The Chinese government is highly involved in business practices, unlike the American government. Their government plans China’s economy; therefore, it can be difficult for Americans and other foreigners to understand and work with them. Those making major business decisions need to understand Chinese government regulation and involvement in business practices. Chinese law lacks consistency and the their government has the right to change the standards at anytime without notice.

Some major trade policies have negatively impacted the trade patterns of the two countries in a way that in spite of their growing ties, the bilateral trade relationship is often laden with complexities. According to U.S., China’s unfinished ‘transition to a free market economy’ is the root cause for many trade tensions. While China has liberalized its trade governance over the last thirty years, it continues to maintain

The WTO accession expected to benefit the status of U.S. exports to China as it would be accelerated due to decreased tariffs and increased market access. President Clinton also anticipated that “this agreement will create jobs for the U.S., it will create jobs for labor union members” (Casey, 2012). A detailed study of trade statistics from 2000 to 2011 establishes the following trade patterns in U.S.-China since China’s WTO accession:

This paper begins with an overview on China’s economic trade since the accession to WTO followed by an examination of how US has been responding to some Chinese imports utilizing trade defense by looking at China as anti-dumping target and some recent case studies involving antidumping actions initiated in the USA against China and attempt to determine what the frequent exercise of the antidumping laws might mean for the future. The paper concludes with a brief commentary and recommendations.

Second, in China, policy for overseas investment is considerably strict and local protectionism stubbornly exist. For example, in the early 1990s, Chinese government limit foreign investment for avoiding the intensive competition which the government afraid of out of control. Before China as a WTO member, the policy, no matter in fiscal or legal, is close restraint foreign companies. Only a few acts came out to protect foreign investors. Also, only a few regions allowed to open the door, such as Beijing, Shanghai, Tianjin, Guangzhou, Dalian, Qingdao, and the five special economic

If the United States were to impose a 40% tariff on aircraft, which mainly is constructed here in Washington State, it would surely cause hardship on China. In recent years, China has

The following paper coherently illustrates the trade patterns of USA and China and describes the various trade policies developed over the past years that have impacted the respective economies of both countries alongside the effect of the same on the bilateral trade relations between the two. Based upon the previous statistics, US-China trade is considerably one of the largest trading partners in today’s economies. Both countries’ trade relations entail exchange of investment, services as well as goods varying from agricultural products to non-agricultural products. Currently, China is the second-largest trading partner, third-largest export market and the biggest source of imports for the United States. The U.S.

China’s economic growth is expanding at a great pace, while other countries may be at a standstill. China has been the world 's fastest-growing economy. One of the main stimuli twelve years ago was the release of Hong Kong to China from Great Britain. The second largest stimulus was the opening of free trade with other countries, in which China was originally a closed trade country. Foreign trade and investment have played a crucial role in the growth of the

The role of government when doing business in China is very important. It is especially important if you are from a different country, such as the United States, because the approaches to dealing with the government are much different. There are many factors in which should be considered when dealing with business related issues with the government. These include whether or not your business strategies go along with the plan the government has for Chinas development, understanding how the Chinese government interfaces with your business, and also how to deal with pressures from the government when they want you to do things you and your business don’t want to do.

China has converted itself from a closed, centrally planned system to a more market-centred one that has a major global role. To illustrate this, it became the world’s largest exporter in 2010. These reforms began with moving away from agriculture, and expanded to the increased autonomy for state enterprises, the growth of the private sector, the development of their stock exchange, the movement towards the modern banking system and transparency to foreign trade and investment. However, these changes, of course, did not happen over night. China has implemented these reforms in a gradual way.

Fortunately, the trade regime has been significantly liberalised. China’s Open Door policy has dramatically reversed the ‘self-sufficient’ position of pre-1978, welcoming foreign investment and trade. Increasingly, China’s imports and exports are being determined by market forces. The ratio of imports and exports to Gross Domestic Product is 42:100 and China is now the 10th largest trading nation.

It has a severe shock in export in China. The number of exported orders decreased sharply. Between January to August in 2009, China’s foreign trade export 730.74 billion which down 22% year on year. At the same time,general trade import prices fell by 22%, imports increased by 4%, processing prices fell by 6.1% and imports

Trade Barriers: High tariffs are still maintained on exported products that compete with domestic industries in China (Office of United States Trade Reprehensive) . China’s tax regulations are into conformance with international standards (Parliament of Australia Senate) . Therefore at present, cut flower exports to China carry a 70 percent import tax, including cost of transport, plus a value-added tax of 17 percent (Richard Tomlinson, 1995) .