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1、LiberalizationofChineseEconomy:APEC,WTOandtheTariffReductionZhangYunling[1] SignificantprogresshasbeenmadeinliberalizingChineseeconomysincelate1970s,whichisanaturalresultofthereformandopeningoftheeconomy.ThegradualintegrationofChineseeconomyintotheworldmarkethascreatedaninteractivenetworkof
2、economicactivitiesbetweenChinaandtherestoftheworld,thusmadeChinesemarketincreasinglyopenedThisisnotaofferfromChina,butamechanismforeconomicdevelopment.China’sinvolvementoftheregionalandinternationalorganizationsisanintegratedpartofthisprocess. I.ProgressofChina’sEconomicliberalization 1.
3、ReformsofChina’sForeignTradeSystem Since1979,foreigntradesystemhasundergoneremarkablechanges.In1988,foreigntradecompaniesbegantoapplythecontractmanagementresponsibilitysystem.In1991,exportsubsidiesforforeigntradewereabolishedandasystemofbeingresponsiblefortheirowngainsandlossesadopted.In1994,
4、withthereformoftheforeignexchangeandforeigntradesystem,withmergingtheofficialrateandthemarketrateofRMBatitscore,asingle,managedRMBfloatingratesystembasedonsupplyanddemandofthemarketwasestablished.Startingfrom1996,thecurrency,RMB,becameconvertibleforthecurrentaccount. Significantprogresshasals
5、obeenmadeinthereformoftheimportandexporttradesystem: Startingfrom1994,mandatoryplansonthetotalimportandexportvolume,exportearningofforeignexchangeandimportspendingofforeignexchangewererelinquishedandasystemofguidingplanswasintroduced.Aunifiedtaxreimbursementsystemunderthecentralfinanceisgradu
6、allyestablished.Inaccordancewiththeprinciplesofefficiency,fairnessandopenness,favorableconditionsareactivelycreatedforpublicbidding,auctionorstandardizedallocationforthequotasonimportandexportcommodities. Moreandmorestepshavebeentakeningraduallyderegulatingforeigntradebusinesstomoreeligibleen
7、terprises,units.Furtherstepsinliberalizingforeigntradebusinesstodomesticenterprises,aswellasforeigncompaniesareexpectedinthefuture. Bigprogresshasbeenmadeinincreasingthepolicytransparency.MinistryofForeignTradeandEconomicCooperationofC