| Abstract |
It was said to be a win-win game when the Minister of the China Foreign Trade Ministry and the Trade Representative of the United States toasted each other on the Sino-American bilateral agreement on China’s entry into the WTO on November 15, 1999. Half a year later, a similar agreement was reached between the European Union and China. Climbing the two largest mountains to get to the WTO, China is approaching the endpoint of the marathon. China needs the world, and the world cannot advance without the participation of China. Facing the challenges brought about by the new technologies and global mobility of capital, no country can develop further rapidly and healthily without adapting to this globalization of economy. This is also true for China, the largest developing country in the world. It is in great need of taking in the advanced technologies, large volume of capital, and policy experiences to facilitate its economic reformation, even political reformation. |
