Economics, Econometrics and Finance
4 years ago

China's WTO accession sparks economic reform, propelling socialist market economy forward.

Routledge eBooks
China’s accession to the WTO and reform of China’s economic structure
Fan Heng-shan

Paper Summary

China joining the WTO led to changes in its economy. This move helped China reform its economic system and make progress in restructuring its economy. The agreements made with the WTO pushed China to develop a socialist market economy, leading to advancements in economic reform.

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