1

(B) China’s Role in (B) China’s Role in AsiaAsia

2(C) Towards the 21st (C) Towards the 21st

Century Century

3

The policy of ‘reform and The policy of ‘reform and opening’ led to rapid opening’ led to rapid economic growth in China. economic growth in China. China has become one of China has become one of the economic powers in the economic powers in the world. the world.

Shanghai is a major financial centre in China.

4

In 2001, China joined the World Trade Organization (WTO,In 2001, China joined the World Trade Organization (WTO,世界貿易組織世界貿易組織 ) in order to facilitate international trade. ) in order to facilitate international trade.

Signing ceremony on China’s accession to the WTO

http://www.wto.org/

5

China’s entry into the WTO China’s entry into the WTO would lead to the further would lead to the further opening of China. It would opening of China. It would bring more business bring more business opportunities to other opportunities to other countries. countries.

Many foreign enterprises have set up their branches in China in order to benefit from China’s entry into the WTO.

6

China’s rapid economic China’s rapid economic growth and huge population growth and huge population have attracted many foreign have attracted many foreign banks and insurance banks and insurance companies to make companies to make investments in China. investments in China.

Foreign enterprises in China

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(1) Providing Investment (1) Providing Investment Opportunities Opportunities

Many foreign companies Many foreign companies have invested in China have invested in China since the introduction of since the introduction of the Open Door Policy in the Open Door Policy in 1978. 1978.

Foreign enterprises in China

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(2) Providing (2) Providing MarketsMarkets

Foreign enterprises in China

China’s huge population and rising purchasing power China’s huge population and rising purchasing power provides a large market for foreign goods. provides a large market for foreign goods.

China imports a large amount of goods and raw China imports a large amount of goods and raw materials from foreign countries. materials from foreign countries.

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(3) Promoting Interregional (3) Promoting Interregional CooperationCooperation

China has maintained close relations with the AssociChina has maintained close relations with the Association of Southeast Asian Nations (ASEAN, ation of Southeast Asian Nations (ASEAN, 東南亞國東南亞國家聯盟家聯盟 ) and the Asia-Pacific Economic Cooperation ) and the Asia-Pacific Economic Cooperation (APEC, (APEC, 亞太經合組織亞太經合組織 ). ).

China’s participation in ASEAN and APEC

10

China-ASEAN Relations

1996

1997

agreed to establish their partnership based on ‘friendship, trust, dialogue and cooperation’the ASEAN-China Joint Cooperation Committee (ACJCC, 東盟—中國聯合合作委員會 ) was established to strengthen their cooperation

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(4) Stabilizing Regional Economic (4) Stabilizing Regional Economic Development Development

China’s contributions in alleviating the Asian Financial Crisis (1997)

not to depreciate the Rmb in order to stabilize the economic situation in Asia

provided loans to other Asian countries affected by the crisis

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5. Guarantee of stability in Asia-Pacific Rim•An important peace keeping force in Asia•Helped maintain the balance of power within The region through cooperation with others

END