 China's Accession to the WTO: The Services DimensionJournal of International Economic Law, 2003, vol. 6, issue 2, 299-339 Abstract: China's GATS commitments represent the most radical services reform program negotiated in the WTO. China has promised to eliminate over the next few years most restrictions on foreign entry and ownership, as well as most forms of discrimination against foreign firms. In general, these commitments promote good policy. But the persistence of restrictions on foreign ownership (temporary in most sectors but more durable in telecommunications and life insurance) may dampen the incentives for foreign investors to improve firm performance. And initial restrictions on the geographical scope of services liberalization could encourage the further agglomeration of economic activity in certain regions -- to an extent that is unlikely to be reversed completely by subsequent country-wide liberalization. Finally, realizing the gains from, and perhaps even the sustainability of, liberalization will require significant improvements in the regulatory framework and the appropriate sequencing of reforms. Copyright Oxford University Press 2003, Oxford University Press. Date: 2003 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:jieclw:v:6:y:2003:i:2:p:299-339 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of International Economic Law is currently edited by Kathleen Claussen, Sergio Puig and Michael Waibel More articles in Journal of International Economic Law from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. |
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