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Shades of Grey; Ten Years of China in the WTO
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 401 no. 8763 (Dec. 2011)
,
page 16.
Topik:
International Relations
;
Trade Policy
;
Economic Policy
Fulltext:
Shades of grey.pdf
(36.31KB)
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.69
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
China's efforts to join the World Trade Organisation (WTO) dragged on for 15 years, long enough to "turn black hair white", as Zhu Rongji, China's former prime minister, put it. (His own hair remained Politburo-black throughout.) Even after membership was granted, ten years ago this week, Mr Zhu expected many "headaches", including the loss of customs duties and the distress of farmers exposed to foreign competition. Yet the bet paid off for China. It has blossomed into the world's greatest exporter and second-biggest importer. The marriage of foreign know-how, Chinese labour and the open, global market has succeeded beyond anyone's predictions. It is instead China's trading partners who now contemplate its WTO membership with furrowed brows. They have a variety of complaints: that China exports too much, swamping their markets with cheap manufactured goods, subsidised by an undervalued currency; that it hoards essential inputs, such as rare earths, for its own firms; and that it still skews its own market against foreign companies.
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