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The first section of this book, on China-ASEAN relations, focuses on economic engagement as a reliable and agreeable instrument of China-ASEAN rapprochement, the issues and challenges faced by free trade agreements in general and more specifically the regional trade agreements between ASEAN and China, investigates the exchange rate exposure of Malaysia-China bilateral trade balance, and as a historical backdrop to the remarkable pace of change in China-ASEAN relations, the manifestation, causes and impact of the change in relations between Burma and China during the early period after the formation of the People’s Republic. Meanwhile, as globalization is creating intense competition between countries in the world arena, regional integration is gaining importance for the sustainability of economic growth, structural transformation, and social development especially for the developing countries.

Trade and investment between China and ASEAN have witnessed phenomenal growth in recent years, and with a large and fast growing market, China has become the global buyer of goods and services from other countries including the member countries of ASEAN.

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