This book is the outcome of intense academic and policy debates at a round table conference held to assess the impact of China's accession to the WTO on the Chinese and world economies. The conference, held in Beijing on August 25 and 26, 2001, was organized by the Korea Institute for International Economic Policy (KIEP), a policy-oriented thinktank in Seoul, Korea. Some 30 distinguished scholars and policy makers from China, Korea, Japan and Hong Kong participated in the conference, exchanging views on issues related to China's entry into the WTO.

Preface: Kyung Tae Lee

Introduction: Si Joong Kim and Justin Yifu Lin

Part I. China's Economy in the WTO System: Overall Issues:
1. Macroeconomic Policy (including exchange rate policy)
2. Reform of SOEs
3. Growth of Non-state Enterprises
4. Unemployment and the Social Security System
5. Regional Disparity and Regional Development Policy
6. Impact on FDI and Foreign Trade
7. Impact on Domestic Commerce

Part II. China's Economy in the WTO System: Sectoral Issues
1. Impact on the Chinese Agriculture and Grain Policy
2. Opening and Restructuring the Financial Sector
3. Restructuring (Opening) Automobile Industry
4. Restructuring (Opening) Information and Telecommunication Industries

Part III. Global and Regional Effects of China's Integration with the World
Economy
1. Global Effects of China's Trade and Investment Liberalization
2. China's Accession to WTO and its Impacts on Asia-Pacific Developing Economies
3. Implication of China's accession to WTO for Korea
4. Implication of China's accession to WTO for Japan

Concluding Remarks