CWR > Volume 8(2); 2022 > Current Development
Research Article
Published online: September 1, 2022
DOI: http://dx.doi.org/10.14330/cwr.2022.8.2.08
China’s Socialist Free Trade Strategy: A Marxist Analysis
Sadiya S. Silvee
Zhengzhou University School of Law
No.198 Lotus Street, Yuhua Manyuan, Hi-tech Zone, Zhengzhou, Henan Province, PRC.
Corresponding Author: sadiya.silvee@live.com
ⓒ Copyright YIJUN Institute of International Law. This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted non-commercial use, distrJuvenile Offenders in Community Corrections: A Systemic Look at Risk Evaluation Methods to Implement UN Resolutions under the Chinese Legal Systemibution, and reproduction in any medium, provided the original work is properly cited.
Abstract
Since its accession with WTO, China has claimed that free trade agreement makes international trade liberal by reducing trade barriers, establishing a pleasant exchange and flow of goods and services, promoting economic corporation, and enhancing economic growth. As the free trade agreement is inefficacious in gaining mass global consensus, China’s constructive approach towards free trade has induced many debates. By discussing Marxist perspective on free trade, this study begins with analyzing the theoretical source of Marx’s ideas on free trade and aims to apprehend China’s approach towards free trade. The author uses descriptive and critical analysis to understand China’s approach towards free trade based on Marx’s early writings. Further to analyzes the economic and legal aspects of China’s free trade agreement, empirical analysis is used. The paper argues that free trade agreement is a progressive plan and neutral economic policy which can bring economic prosperity in any economy as it holds the potential to be the leading economic concept by offering win-win opportunities to both the Contracting parties.
Keywords : Marxist Approach, Bourgeoisie Economy, Free Trade, Political Economy, China, Das Kapital
