The Regional Economic Integration of China
Module Name: Regional International Business
Module leader: Dr. Qing Lu
Since China implement the policy of reform and opening up in the late 1970s, Chinese has achieved explosive economic growth more than 10 percent per year frequently. In 2009 China became the second-largest economy in the world, just behind the United States. But at the same time, China suffered from the global financial crisis in 2009. Although China's economic develop have is facing the challenge of the economic globalization, but China seems to more tend to develop the regional economic integration.
The regional economic integration blocs which China joined
The …show more content…
For China, it can win over ASEAN to highlight its importance in the East Asian region, in reducing the concerns of the Chinese threat, not only can improve the political and diplomatic relations with the ASEAN countries, homeopathic led East Asian affairs, and to each other to compete with Japan, the United States or the European Union forces. More helpful especially for the strategic layout of the East Asian region, peaceful rise demands of big countries through a well-intentioned, allows Chinese forces south to Southeast Asia, and extending to the Indian Ocean, as well as the East Pacific and the South China Sea and is conducive to the development of maritime transport or marine forces development.
Another example is the APEC, APEC's Previous meetings of the main on the economy, and avoid talking about political. Actually, between the APEC's member countries there are a lots of political issues. Such as the China and Taiwan's belonging problems, China and Unit Status barriers, the diaoyu island issue of China and Japan. Joining into APEC, and focus on the economic and avoiding the political, can lead to the peaceful and balance international environment as China wish.
Impact on the economic growth
There are a lot of benefits for China to join into the regional economic integration. It can conducive China to expand exports and attract foreign investment, to help speed up the