After years of economic stagnation and misgovernment during the entire Mao era, China finally made its first steps, in the late 1970´s, to a better economic development. Deng Xiao Ping´s economic reforms and Chinas opening to the rest of the world, enhanced China into a Game changer and economic super power within the last 30 years. To understand and comprehend the enormous economic, cultural and political development, which China went through in such a rapid time, this paper points out the major factors and driving force behind it. Also it elucidates future developments and major projects which will have a great effect on Chinas economy.
In the following pages, we will head to the major issues which China had to face and still faces today. First of all, the entry of China into the World Trade Organization and its long way till there. Which effects did this great step have for the Chinese economic growth and what are the future prognosis? How did the whole process take place and which threats is it still facing? Which benefits were achieved and which developments did they go through? How was China integrated in to the Coalition and what is the role allocation? And off course the Chinese Currency and its development will be looked at. All these significant subjects will be discussed profound and step by step in the next pages. The aim is to get a broad overview over the backgrounds of the opening of the Dragon and also its impact on world economy. Interesting details and apposite illustrations, will make this rather multifaceted topic intelligible and comprehensible.
Inhaltsverzeichnis (Table of Contents)
- WTO: Entry of China
- Introduction
- China's long way into the WTO
- Resistance and Pro / Con Arguments for China joining the WTO
- China's further economic Development within the WTO
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to provide a comprehensive overview of China's economic development, specifically focusing on its entry into the World Trade Organization (WTO) and the subsequent impact on the global economy. The paper explores the major factors driving China's economic growth and elucidates future projects with significant implications for China's economic landscape.
- China's economic development after the Mao era
- Impact of China's WTO entry on its economic growth
- Challenges and benefits of China's integration into the WTO
- The role of the Chinese currency in global trade
- China's influence on the world economy
Zusammenfassung der Kapitel (Chapter Summaries)
- WTO: Entry of China: This chapter introduces the significance of China's WTO membership acceptance in the 21st century, emphasizing its potential for economic growth while highlighting the obligations it must fulfill as a member. It also discusses the "win-win" situation anticipated for China and its trading partners.
- China's long way into the WTO: This section details the efforts that culminated in China's official entry into the WTO in 2001. It examines the gradual steps taken by China, including tariff reductions and opening up of service sectors, leading up to its accession.
- Resistance and Pro / Con Arguments for China joining the WTO: This chapter explores the internal and external debates surrounding China's WTO membership. It highlights the concerns of those who believed that China's liberalization measures were excessive and those who feared the potential disruption of the global trade system.
- China's further economic Development within the WTO: This section analyzes the criticisms faced by China from its trading partners, including concerns about unfair competition, market access, and intellectual property rights. It also explores the challenges and opportunities presented by China's flexible adaptation to WTO standards.
Schlüsselwörter (Keywords)
This paper explores the key themes of China's economic development, WTO entry, global trade, economic growth, market liberalization, trade barriers, and the impact of China's economic policies on the world economy. It examines the challenges and opportunities presented by China's integration into the global trading system and the role of the Chinese currency in international trade.
- Citar trabajo
- Michael Wittmann (Autor), 2016, World Trade Organisation and China, Múnich, GRIN Verlag, https://www.grin.com/document/419808
