A Step Forward to Regionalism: China's Preferential Trade Agreements with Hong Kong

Wai-Chung Lo and Michael Ng

Chinese Economy, 2007, vol. 40, issue 2, 51-69

Abstract: Since 2003, China has signed a series of agreements with Hong Kong in preferential treatments in trade. At the same time, China also allowed mainland residents to visit Hong Kong on an individual basis. As Hong Kong is already a free port, the preferential treatments are perceived to be more beneficial to Hong Kong than to China. From the perspective of China's overall strategy in trade liberalization, preferential trade with Hong Kong is consistent with the strategy of a regional approach, which is a supplement to the global approach with the World Trade Organization.

Date: 2007
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