China’s accession to the World Trade Organization was heralded by the international community as a victory for free trade and economic liberalization. While China has been one of the organization’s most active members, Beijing has not instituted deep, systemic reforms and its compliance with WTO rulings has been mixed.
Keyword:global economic system
How Is China Shaping the Global Economic Order?
China’s is the world’s second largest economy in terms of gross domestic product and and the largest in terms of purchasing power parity. How China leverages its considerable economic strength has a profound impact on the global economic order.