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Also, increased foreign competition in these areas would force Chinese enterprises to speed up their reforms to meet the challenges of outside investors.
China wanted to be admitted to the WTO ahead of Taiwan, which is also seeking membership. This would presumably make China appear to be more important and more powerful...
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This would presumably make China appear to be more important and more powerful. The accession of China to the World Trade Organization is helping a country with a booming population and a less-than-stable economy become one of the great super-powers of the world.
What China had to do for WTO Membership
China was admitted to the WTO on the condition of submitting to an annual review of its implementation process otherwise known as the Transitional Review Mechanism (TRM)...
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