China’s 2016 Trade Agenda: A Primer

By Margaret Myers In its most recent Five-Year Plan, released in March 2016, China articulates a series of trade and overseas investment initiatives to help it maintain GDP growth of around 6.5 to 7 percent. China’s trade plan, simply put, is to grow, diversify (especially toward services), and better facilitate exports. To achieve this, China explains that it will provide financial incentives for Chinese exporters, while negotiating new bilateral free trade agreements (FTAs) and promoting certain mega-regional trade arrangements. This work has already largely begun. China signed a FTA with Australia in June 2015 and is negotiating a trade agreement with the European Union. A proposed trilateral deal with Japan and South Korea would reverse the declining share of trade that Japan […]