China and the WTO: Why Multilateralism Still Matters
After rounds of marathon negotiations, China’s accession to the World Trade Organization (WTO) in 2001 was a win-win for both China and the architects of the liberal market economy. For China, the accession provided unrestricted access to the market of member-countries and for the West, the attraction was partly the business opportunities for global conglomerates in China and the naïve expectations that China would transform itself to a liberal market economy by joining WTO.
- Published: March 2022