China and the WTO: A twenty-year assessment

• Main Authors: GAO, Henry S., RAESS, Damian, ZENG, Ka
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: World Trade Organization; China; international trade law; international economics; Asian Studies; International Law; International Trade Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/4302; https://search.library.smu.edu.sg/discovery/fulldisplay?docid=alma99657650902601&context=L&vid=65SMU_INST:SMU_NUI&lang=en&search_scope=BooksVideos&adaptor=Local%20Search%20Engine&tab=BooksVideos&query=any,contains,China%20and%20the%20WTO:%20A%20twenty-year%20assessment
• Institution: Singapore Management University

The year 2021 marked the 20th anniversary of China’s accession to the World Trade Organization (2001), an event that has stimulated the unprecedented integration of the world’s largest transitional economy into the rules-based multilateral trading system. Since its entry, China has benefited significantly from enhanced trade flows made possible by its WTO membership, becoming the largest trader in goods and the second largest trader in services in the global economy today. Beijing’s efforts to implement its WTO accession commitments have generated profound changes in its domestic regulatory framework in the areas of trade and beyond. At the same time, China’s involvement in various WTO activities such as trade negotiations and dispute settlement has also changed the power dynamics within the WTO and presented unparalleled challenges to the functioning of the organization due to both the size of its economy and its unique economic model.