WTO entry is critical to China's stability...
Article Abstract:
China is bent on making it to the membership roster of the World Trade Organization (WTO) before the 21st century as this will prove critical to the country's future. A primary motivation for China in gaining entry to the WTO is avoiding a financial crisis, similar to what took place in Indonesia. This move gains more significance considering that bad debts hobble the corporate sector of China due to the government's inefficient policies. For the world economic order, the approval of China's WTO application will stabilize its economy as well as the global financial system.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
The post-WTO march in China is the one to watch
Article Abstract:
China's entry into the World Trade Organization will require it to implement numerous economic reforms. Some of the trade liberalization requirements include a reduction in industrial and agricultural tariffs, an increased flexibility in exchange rates, and wide-ranging reforms of its financial markets.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The cost of China's soaring tax revenue. ... as China's schools embrace rivalry
- Abstracts: Denmark: Wireless broadband market to expand. Denmark: Orange in UMTS negotiations with Sonofon
- Abstracts: Looking for the pot of gold. Fishermen on the net. Peering round the corner
- Abstracts: Targets of takeover talk. Nation's three biggest banks to consolidate operations. Japan takes cautious stand on U.S. retaliation
- Abstracts: Unlease corporate sector instead of printing yen. Japan builds on ruins of old system