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Responsibilities of China after Accession to the WTO

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  • Changhong Pei
  • Lei Peng

Abstract

China became a full member of the WTO on 11 December 2001. China has not only increased its presence in mainstream world trade but has gained knowledge about the basic rules of market economies and become more adaptable to changes in the international economy. As a new member of the WTO, being adaptable to changes in the international economy is essential. As a large developing country, China, with its rapid economic growth, huge volume of trade and substantial market potential, has exerted and will continue to exert profound influence on the world economy. It is commonly recognized that China's influence cannot be ignored in the world economy. Five years since its accession to the WTO, China is considering where it stands as a member of the WTO. What does China hope to achieve by being a member of the WTO, how can these hopes be shared among all trading partners, what is China's responsibility in this, and what are the responsibilities of other trading partners?

Suggested Citation

  • Changhong Pei & Lei Peng, 2007. "Responsibilities of China after Accession to the WTO," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 15(4), pages 89-101, July.
    • Handle: RePEc:bla:chinae:v:15:y:2007:i:4:p:89-101
    DOI: 10.1111/j.1749-124X.2007.00080.x
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