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China and the WTO: Perspectives on a Changing Environment
January 31, 2005 | BY
clpstaff &clp articlesThree years after China's accession to the WTO, what are the main issues that are determining the pace of liberalization of the economy? And how do the WTO commitments interact with the economic challenges facing China?
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By Arjun Subrahmanyan
China's joining of the World Trade Organization (WTO) in 2001 was seen as a landmark event that confirmed China's growing importance in international commerce. At the time, many commentators saw WTO membership as ushering in a new era of openness and transparency in both business arrangements and the legal and regulatory frameworks that govern the Chinese economy.