China’s Free Trade Zones: Regulatory Innovation, Legal Assessment and Economic Implication

Delei Peng · Xiuyan Fei

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Economic Zones and Regional Development China's Socioeconomic Reforms and Governance World Trade Organization Law

Abstract

This article analyzes the construction of China’s Free Trade Zones (FTZs) from legal and economic perspectives and analyzes its economic implication. It presents the regulatory innovation on the FTZs and explains the legitimacy of the establishment of the FTZs. A full legal assessment on the FTZs is made and the weak points there of are indicated. To establish a legal assessment mechanism for the FTZs is considered as necessary to maintain a sound and sustainable development of the FTZs. In addition, the positive effect of the FTZs on the Chinese economy is analyzed and has been proven.

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References

1971The Theory of Economic Regulation 2021The Theory of Economic Regulation 2001The Rise of the Regulatory State 2015The China (Shanghai) Pilot Free Trade Zone: Background, Developments and Preliminary Assessment of Initial Impacts 2003“WTO-Plus” Obligations and Their Implications for the World Trade Organization Legal System

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2019The promise of China’s free trade zones – the case of Hainan 2020Comparative Advantages of Free Trade Port Construction in Shanghai under the Belt and Road Initiative 2024RETRACTED ARTICLE: Navigating Global Economic Dynamics: Institutional Innovation and Rule of Law in China’s Pilot Free Trade Zones

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