Analysis of the development characteristics and economic effects of China′s Bilateral Free Trade Area

As a large developing country, China has attached the great importance to the cooperation of Bilateral Free Trade Area in the recent years.With the constant expanding of the ranges and fields of the regional cooperation, China′s Bilateral Free Trade Area takes on new development characteristics and large actual economic effects.This paper analyses the above aspects, measures the potential interest to realize sustainable and sound development of China and even regional economy.