Caixin
Dec 04, 2021 10:00 AM
OPINION

Weekend Long Read: How China Can Reform Itself to Join High-Standard Trade Pacts

A man passes by a Shanghai exhibition signage celebrating the 20th anniversary of China's accession to the World Trade Organization. Photo: VCG
A man passes by a Shanghai exhibition signage celebrating the 20th anniversary of China's accession to the World Trade Organization. Photo: VCG

Since joining the World Trade Organization (WTO) 20 years ago, China has experienced progress that has brought forth change to the country and the rest of the world. In the process, China’s relations with the world, with its neighboring countries and regions and with the West, especially with the United States, have been altered accordingly.

There is no doubt that these changes in China’s relations with the world have impacted and challenged multilateral trading systems, regional free trade systems, bilateral free trade and investment systems as well as economic globalization. All countries involved have had to adapt to the changes and rethink future development paths and the re-establishment of systems.

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