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ID number:876948
 
Evaluation:
Published: 01.12.1996.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Chapter 1Introduction
After striving for 15 years, China finally got the formal approval from the World Trade Organization's (WTO) 142 member countries, marking a new phase in China's transition to the market-based economy.
Against a global slowdown, China has made its first year of WTO membership a great success, with both better than expected economic growth and steadfast fulfillment of its WTO commitments. The Economist (02/15/2003, vol. 366) described "China's economy is already enormous. In dollar terms, its GDP is the sixth largest in the world, just smaller than France's.…

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