Contemporary Foreign Trade Policy of China in the Region of Central and Northeast Asia

Abstract

China is one of the fastest growing economies in the world. To ensure a continual increase in trade, China's contemporary policies are aimed at the creation of new market opportunities for China's companies abroad. The chapter addresses the major challenges of collaboration between China and the countries of Central and Northeast Asia, reviews the milestones of China's trade policies in Eurasia, analyses China's recent trade and development initiative (One Belt One Road project) and its convergence with other integration initiatives in the region, and reviews trade flows between China and the countries of Central Asia (Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Turkmenistan, and Uzbekistan) and Northeast Asia (Democratic People's Republic of Korea, Japan, Mongolia, and the Republic of Korea) during 2015. The chapter is concluded with an analysis of how China can pursue shaping an inter-regional market by looking across national boundaries and with the discussion of structural changes needed for China to ensure its competitiveness in the markets of the studied country.