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A new chinese economic law order?

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journal contribution
posted on 30.03.2021, 12:47 by Greg SHAFFER, Shuchao GAO

China is incrementally developing a new, decentralized model of trade governance through a web of finance, trade, and investment initiatives involving memorandum of understanding, contracts, and trade and investment treaties, supported by an indigenous innovation policy that is transnational in its reach. In this way, China could create a vast, Sino-centric, legal order in which the Chinese state plays the nodal role. It is a hub and spokes model, with China at the hub. In this article, we first examine China’s export of an infrastructure-based development model, implemented through Chinese state-owned and private enterprise investments and commercial contracts (Part B), before turning to China’s development of a complementary web of free trade and investment agreements (Part C), and an indigenous innovation policy (Part D). The paper theorizes and empirically traces how these Chinese initiatives shape the evolving ecology of the transnational legal order for trade.

History

Publication Date

01/09/2020

Journal

Journal of International Economic Law

Volume

23

Issue

3

Pages

607-635

ISSN

1369-3034

School

Yong Pung How School of Law

IRIS ID

145223683