"The objective of this paper is to address the main considerations for China of including financial services in its … preferential trade agreements. The paper briefly reviews China's financial liberalization process and the state of its domestic … financial system, discusses the main considerations of including financial services in China's preferential trade agreements …

, selective adaptation, and industrial upgrading. This paper attempts to distill lessons from China's reform and opening up … process, and investigate the underlying reasons behind China's success in trade expansion and economic growth. From its … beginnings with home-grown and second-best institutions, China has embarked on a long journey of reform, experimentation, and …