From SEZs to FTZs: An Evolutionary Change for China's Policy to Attract Foreign Investment
Prof Jiaxiang Hu
Abstract: China is following a dual path in handling the challenges of a decreasing rate of internal economic development and increasingly complicated external relationships. On the one hand, China is undertaking domestic reforms through innovations in free trade pilot zones (FTPZ). On the other hand, China is accelerating the conclusion of free trade agreements (FTAs) with APEC members. The FTPZ strategy aims at streamlining administrative approvals of market access while the FTA strategy aims to explore more overseas markets for China’s products. The recently concluded China-Australia FTA is significant in both respects, setting the standards for China’s internal reforms and providing a model for China’s future FTAs as well. This seminar will explore China’s FTPZ and FTA strategies within the context of the China-Australia FTA.
Jiaxiang Hu is Professor of Public International Law, Director of Asian Law Center, KuGuan Law School of Shanghai Jiao Tong University, China. He earned a BA degree and a MA degree from Hangzhou University, the Mphil degree in law from Zhejiang University and the PhD degree in law from the University of Edinburgh. He is also a visiting scholar of International Economic Law Institute of Georgetown University, the East Asian Studies Center of Harvard University and the Asian Law Institute of National University of Singapore. Professor Hu has been awarded the honors for his excellent teachings from the Ministry of Education, Shanghai Municipality and Shanghai Jiao Tong University. He is the author of five books and nearly a hundred articles. Professor Hu currently is teaching International Economic Law to the undergraduates and WTO Law to the postgraduates. His research interests include Public International Law, International Economic Law and WTO Law.