CHEN Taifeng1 ( 陈泰锋 ) Editorial note: Prior to WTO accession, many Chinese scholars concentrated their research on the pros and cons of joining WTO. After 5 years of WTO membership these pros and cons are reviewed and reconsidered. This article assesses and analyses WTO ...

ZHU Hongjun1( 朱红军 ), WANG Bin2( 王彬 ) and TIAN Zishen3( 田子莘 )   Editorial note: Due to the ineffi ciency of many State-owned enterprises (SOEs), an important step in China’s market-oriented reform is to scale down SOEs while vigorously developing the private economy. But ...

YU PeiweiI( 于培伟 ) and HE Yadong2( 何亚东 ) Editorial note: China’s official foreign exchange reserve has exceeded US$1 trillion. What are the implications of such high foreign exchange reserves on China? What is the relationship between trade imbalance and trade friction? Can a ...

YANG Laike1( 杨来科 ) and LIAO Chun2( 廖春 )   Editorial note: China is currently one of the world’s largest FDI recipients and also a country often plagued by trade disputes. The unsteady relationship between FDI and China’s trade, however, has not received adequate attention. According ...

WU Yaowu（ 1 吴要武） and ZHAO Quan（ 2 赵泉）   Editorial note: In recent years, many scholars have the opinion that China’s rapid economic growth has failed to engender corresponding employment growth, and are thus doubtful of the national welfare gained from China’s economic growth. Concurrently, ...

WANG Zhile1( 王志乐 )   Editorial note： Foreign funded M&A (Mergers & Acquisitions) activity is becoming increasingly common in China. In this article Wang Zhile assesses the effects and risks associated with M&A, finding that foreign funded M&A activity is immensely beneficial to China and poses ...

WAN Guangcai（万光彩 ) 1 and LIU Li2( 刘莉 )   Editorial note： The China-US trade imbalance has long been a focus of concern for both sides. Along with the furtherance of economic globalization, the deficiencies of the current trade statistics systems have become increasingly evident. In ...

SHI Qinghua1( 史清华 ) and ZHUO Jianwei2( 卓建伟 )   Editorial note： Civilian loans (which refer to private, non-governmental, people-to-people loans as opposed to loans from government-controlled banks) are prevalent in China’s rural areas and play an important part in the livelihoods of many farming households. ...

LU Feng（ 1 卢锋 ) Editorial note： China’s balance of international payments has registered twin surpluses on a continuous basis, with the twin surpluses and foreign exchange reserves expanding on a larger magnitude in recent years. China’s foreign exchange reserves at the 2006 yearend ...

LI Yang1( 李扬 ), YIN Jianfeng（ 2 殷剑峰 ) and LIU Yuhui3( 刘煜辉 )   Editorial note： In was in early 2007 that the People’s Bank of China (PBOC) announced another raise in RMB deposit reserve ratio (DRR) for financial institutions engaging in the deposit ...