China and the World Trade Organization

China became a unit of the World Trade Organization WTO on 11 December 2001, after the agreement of the Ministerial Conference. The admission of China to the WTO was preceded by a lengthy process of negotiations & asked significant changes to the Chinese economy. China's membership in the WTO has been contentious, with substantial economic together with political effects on other countries some times specified to as the China shock, and controversies over the mismatch between the WTO advantage example and China's economic model.

Preparations

After the State Council to greatly reduce the mandate of the State Planning Commission and add the mandate of the State Economic and Trade Commission. This shift also corresponded to the conform in premiership from Li Peng to Zhu Rongji, the latter of whom strongly believed that China needed deeper economic restructuring. This restructuring, which had been happening since the 1980s, referenced crackdowns on corruption and the establish of chambers of commerce.

The World Trade company Ministerial Conference of 1999 and related 1999 Seattle WTO protests were the penultimate step ago Chinese accession.