Table of Content 期刊目录
1. What does China’s ‘dual circulations’ development paradigm mean and how it can be achieved?
Justin Yifu Lin
Pages: 120-127

2. RCEP: a strategic opportunity for multilateralism
Peter Drysdale & Shiro Armstrong
Pages: 128-143

3. Understanding RCEP and CPTPP: from the perspective China’s dual circulation economic strategy
Haiwei Jiang & Miaojie Yu
Pages: 144-161

4. “RCEP from the middle powers’ Perspective”
Fukunari Kimura
Pages: 162-170

5. Semi-inclusive regional economic agreements in the pacific: a perspective from global value chains
Shang-Jin Wei & Xinding Yu
Pages: 171-186

6. Putting the China-EU comprehensive agreement on investment in context
Peter H. Egger
Pages: 187-199

7. The EU—China Comprehensive Agreement on Investment: Lessons Learnt for Indonesia
Lili Yan Ing & Junianto James Losari
Pages: 200-221

Article Abstract 文章摘要
1. What does China’s ‘dual circulations’ development paradigm mean and how it can be achieved?
Justin Yifu Lin
ABSTRACT：
According to the law of economic development, the proportion of domestic circulation in a country’s economy increases with the growth of economic size and the enlargement of service industry, both caused by the rise of income. In the new development paradigm, the Chinese government puts forward the idea of “taking the domestic circulation as the mainstay”, which reflects this basic economic law. However, the policy of “making full use of the domestic and international markets and resources” is still equally important. Therefore, the new development pattern includes the idea of “the domestic circulation and international circulation reinforcing each other”. To implement the new development paradigm, the most important things are to tap the growth potential through structural reform, deepen reform to improve the efficiency of domestic circulation and deepen the opening up to make better use of international resources so as to promote development and raise income level.
Pages: 120-127
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.1933053

2. RCEP: a strategic opportunity for multilateralism
Peter Drysdale & Shiro Armstrong
Pages: 128-143
ABSTRACT：
According to the law of economic development, the proportion of domestic circulation in a country’s economy increases with the growth of economic size and the enlargement of service industry, both caused by the rise of income. In the new development paradigm, the Chinese government puts forward the idea of “taking the domestic circulation as the mainstay”, which reflects this basic economic law. However, the policy of “making full use of the domestic and international markets and resources” is still equally important. Therefore, the new development pattern includes the idea of “the domestic circulation and international circulation reinforcing each other”. To implement the new development paradigm, the most important things are to tap the growth potential through structural reform, deepen reform to improve the efficiency of domestic circulation and deepen the opening up to make better use of international resources so as to promote development and raise income level.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.1933053

3. Understanding RCEP and CPTPP: from the perspective China’s dual circulation economic strategy
Haiwei Jiang & Miaojie Yu
Pages: 144-161
ABSTRACT
Since initiating reform and opening up, especially since acceding to the World Trade Organization in 2001, China has made remarkable progress in international trade and economic development. Under the new development strategy of dual circulation, China looks to deepen regional integration through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after signing the Regional Comprehensive Economic Partnership (RCEP). This study describes the trade relations between China and the member states of RCEP and CPTPP and discusses the differences between the two agreements, as well as China’s strengths and challenges. The paper proposes suggestions for the further opening up of China’s economy.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.1933055

4. “RCEP from the middle powers’ Perspective”
Fukunari Kimura
Pages: 162-170
ABSTRACT
East Asian countries signed the Regional Comprehensive Economic Partnership Agreement (RCEP) in November 2020. This paper demonstrates the importance of ASEAN centrality in East Asian economic integration and makes a preliminary assessment of the agreement in terms of the four expected roles: liberalization, rulemaking, reducing policy risks, and forming a pro-trade middle power coalition. The comparison with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) reveals the strengths and weaknesses of RCEP. The paper emphasizes the importance of dynamic aspects of mega-FTAs after being in effect and claims that RCEP must be further developed as an evolving agreement.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.1933059

5. Semi-inclusive regional economic agreements in the pacific: a perspective from global value chains
Shang-Jin Wei & Xinding Yu
Pages: 171-186
ABSTRACT
A flurry of recent regional economic agreements in the Pacific are best characterized as ‘semi-inclusive,’ as each tends to include some large economies in the region but omit some others. With a perspective from global value chains (GVCs), we assess two particular dimensions of these agreements: (a) reduction in trade barriers, and (b) promotion of cross-border direct investment. We argue that China can be expected to gain from both the RCEP and China-EU Comprehensive Agreement on Investment (CAI), and it will likely gain even further from undertaking the necessary reforms to become a member of the CPTPP.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.1935519

6. Putting the China-EU comprehensive agreement on investment in context
Peter H. Egger
Pages: 187-199
ABSTRACT
This paper reviews the content of as well as the reception of the current state of the planned China-European union Comprehensive Agreement on Investment as per January 2021. Moreover, it forms some expectations regarding its economic effects. Key conclusions are that, in spite of a limited scope of new concessions beyond ones that are realized or planned anyway unilaterally, the agreement will likely boost not only investment but also trade, and it will likely establish a closer political cooperation between China and the European Union. One reason for the positive economic effects is the reduction in uncertainty about the mutually granted concessions for investment. However, further stimulating effects of the very agreement will be possible when accompanying it with concessions on trade in goods and services in the future.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.1933057

7. The EU—China Comprehensive Agreement on Investment: Lessons Learnt for Indonesia
Lili Yan Ing & Junianto James Losari
Pages: 200-221

Link to the original text:：
https://www.tandfonline.com/doi/full/10.1080/17538963.2021.1934147#d1e108