아시아ㆍ태평양 자유무역지대(FTAAP) 출현에 따른 중국의 대외교역효과 분석

China in the Advent of the Free Trade Area of the Asia Pacific : A Foreign Trade Analysis

Known as the world's workshop and well as world market since 1980 the Chinese economy has maintained an annual growth rate of about 10 percent for thirty years. However, China might join soon the U.S. and southern Europe in a serious recession on accounts of global financial crisis, the property bubble, and shadow banking system. As a result, this paper empirically examines China's foreign trade effect among member countries of Free Trade Agreement of the Asia Pacific(FTAAP) using fixed effect estimation . China can capitalize on increasing its trade effect by 164.7% on the average since the FTAAP officially come into effect. It is necessary that China should secure a stable economic market such as FTAAP to recover its lost growth.