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Unilateral and regional trade liberalization: China's WTO accession and FTA with ASEAN
This paper investigates the impacts of trade liberalization by China. Contrary to the previous work of Wong, this paper examines not only China's accession to the WTO, but also the formation of a China-ASEAN FTA. How these two forms of trade liberalization by China may affect international trade, international capital movement, commodity and factor prices, and welfare are analyzed.