| The thesis focuses on the significance of strengthening economic and trade relationship between China and Korea under the background of increasing economic integration and regional economic cooperation. It has been 10 full years since the establishment of Sino-Korean relation, during which the two countries have been keeping in close contact with each other in a rather broad-based domain.Part I empirically analyzes the status quo of Sino-Korean trade. Paying equal attention to both domestic and overseas markets, the Chinese Government devotes itself to export-oriented economy as well as fostering domestic demand, keeping her growth rate high during Asian currency crisis and ranking herself the top world's 6th in trade in 2001. With China's accession to the WTO, Beijing will take step-by-step measures to reduce trade tariffs and eliminate non-tariff barriers, which will bring China closer together with the world. Following the development trend of world's telecommunication and information industries, Korea shows herself great growth in IT-related electronic exports such as computers, cell phones, semiconductors etc. Meanwhile, import and export in other industries take on various degrees of growth.Part II looks at the evolving process of China's foreign trade regime: period of uniform administration, transitional period of decentralized authority, period of responsibility of contracted management, transforming period of business operation mechanism , and new progress in the reform of foreign trade regime in recent years. This part also deals with changes in commodity composition of China's foreign trade: a fall in primary commodities and a rise in manufactures, a boom in processing trade and a slowdown in general trade etc. China's leading trade partners fall on countries in Asian-Pacific region and E.U. in terms of regional configuration. Recently there has been a growth trend of trade between Latin America, Africa and China. After China's entry into the WTO, her growth rate of import will excess that of export,experiencing a slight fall in trade index, yet still in the margin of trade surplus.Part III discusses the status quo of Sino-Korean bilateral trade and investment. As for trade, Korea enjoys an annual growth rate of 30% in both export and import, maintaining trade surplus for a long period of time. Now China is Korea's 3rd leading trade partner while the latter is the former's 4th major partner. Meanwhile, China has become Korea's leading investment abroad since 1993. Among the characteristics: concentration on labor-intensive enterprises, Bohai Gulf and three provinces in North-east as investing location, via 3rd country export as the main purpose and chiefly individual investors.Part IV specifically expounds the influence of China's accession to the WTO on the Sino-Korean import and export trade and Korea's investment in China. Generally, opportunities coexist with challenges. Korean enterprises should take following countermeasures: an effort to get access to China's service markets, deepening the composition of export commodities, focusing on upgrading industries etc. Part V deals with the perspective of Sino-Korean trade, holding there are underpinnings of mutual advantages and there is a bright future for trade as long as institutional and policy blocks are removed. Finally, some schemes are raised for further opening markets in China: a midVlong term strategic act to advance towards China's market, closer contact with local governments, expansion of Sino-Korean technological trade , flexible employment of EDCF, overseas investment capital and capital of international financial institutions and international financial markets, market segmentation from regional features in China, fostering skill -intensive industries instead of pure processing industries, establishment of more joint ventures to lighten the burden on capital etc. |
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