The Impact of Membership of the World Trade Organization on the PBC’s Monetary Policy

Yong Guo

Chapter 5 in Banking Reforms and Monetary Policy in the People’s Republic of China, 2002, pp 103-136 from Palgrave Macmillan

Abstract: Abstract On 11 December 2001 China became a member of the World Trade Organization (WTO). China promised to cut import taxes within five years. On 1 July 2006 the automobile tax, for example, will decrease to 25 per cent from the current 30±80 per cent. In January 2002 the prices of imported products such as automobiles and agricultural products decreased dramatically.

Keywords: Interest Rate; Monetary Policy; Central Bank; World Trade Organization; Commercial Bank (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-1454-5_6

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DOI: 10.1057/9781403914545_6

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