China’s Free Trade Ports: An Effective Way Against the Threat of De-Globalization
Wei Tian, Zhuxi Xu, Miaojie Yu, Huihuang Zhu*
Abstract: With sluggish external demand and heating trade protectionism in the United States and the European Union, China’s deeper, ongoing reforms face severe challenges. To respond actively to such challenges, the Communist Party of China’s 19th National Congress proposed to “promote a new pattern of all-around opening-up.” Particularly, the establishment of free trade ports is considered an important means to realize deeper integration with the world economy. This paper discusses the background, motivation, possible challenges, and a path for the successful launch of free trade ports in China.
Key Words: Free Trade Port, De-Globalization, Opening-Up Policy, International Trade
JEL codes: F13, F21, F22