World Government

Can Asia step up to remake global order?

A West's rule-based system is out of date. Photo: Reuters

The rise of Asia is the single most important historical event of our era.

Monday, 7 January, 2013, 2:36am

Will veto put Beijing on wrong side of history?

The totality of evil of the Syrian government is now on display for the world to see. And so the blame game has begun. The obvious target of global wrath is President Bashar al-Assad. But not far behind on the international hate-and-blame list are Russia and China. They blocked UN Security Council action against Damascus by refusing to vote for resolutions that called for major changes.

28 Feb 2012 - 12:00am

It can only get a lot worse

The word of the year for 2011, chosen by the American Dialect Society, was 'occupy', though some radical spirits recommended 'a**holocracy', which they defined as rule by multi-millionaires.

17 Jan 2012 - 12:00am

What they say

Henry Gao, associate professor of law, Singapore Management University: 'Joining the WTO has enhanced government transparency tremendously - 10 years ago many laws and regulations were often closely guarded within government agencies and not disclosed to the public. Today, you can check the Ministry of Commerce's website and find lots of government information.

11 Dec 2011 - 12:00am

A bad patch for many down on the farm

Agriculture topped China's list of concerns when it entered the World Trade Organisation 10 years ago, and a decade into membership some farmers are still anxious.

Feng Wei, a pig farmer in Jining , Shandong , says China's WTO entry has not benefited him at all, only harmed his business.

10 Dec 2011 - 12:00am

Next 10 years call for more reforms

The defining economic events of the last decade were the global financial crisis and the shift of power to Asia. The first accelerated the second. But the catalyst for Asia's emergence as the driver of world growth came at the beginning of the decade - China's accession to the World Trade Organisation.

24 Nov 2011 - 12:00am

The world at your feet

Globalisation is hardly a new subject for Thomas Friedman, internationally renowned author, New York Times columnist, and recipient of three Pulitzer Prizes.

17 Nov 2011 - 12:00am

One step changed it all

The name of the game in business is gaining more than you pay, and the stakes were never higher than in the lead-up to the vote that sealed China's accession to the World Trade Organisation, 10 years ago today.

It was a gamble involving all its 1.3 billion people, its companies, political constituencies and the ruling Communist Party - and it worked.

10 Nov 2011 - 12:00am

Warning over lack of global compliance

Financial and tax reporting is becoming increasingly challenging for multinational companies, according to a report by auditor Ernst and Young.

More than 200 finance and tax executives - working for either Fortune Global 500 companies or Forbes Global 2000 companies on global compliance and reporting - were surveyed earlier this year

26 Oct 2011 - 12:00am

Reformists always face an uphill battle with those entrenched in the status quo

Chinese history is not short of famous reformers who failed, the most prominent being the Song dynasty's Wang Anshi, who wanted to strengthen governance and finances through major tax, land and market reforms, but failed when he lost political support.

23 Jul 2011 - 12:00am

Beijing hits back at WTO with metals export quota

China has announced new export controls on coke and non-ferrous metals in defiance of a recent World Trade Organisation ruling that it was breaching global trade rules on raw materials shipments.

9 Jul 2011 - 12:00am

China may contest WTO ruling on mineral exports

China is expected to appeal against a World Trade Organisation ruling that it broke global trade rules by imposing export duties on raw materials, mainly minerals.

The Ministry of Commerce said it regretted the decision, which came after an 18-month investigation following complaints by the United States, European Union and Mexico.

7 Jul 2011 - 12:00am

Global economy goes pear-shaped

Pascal Lamy, director general of the World Trade Organisation, has long tried to maintain a defiant optimism over the drawn-out deadlock in the Doha Round of world trade talks (which started way back in 2001 in Qatar). But last week even he conceded that the effort to lower trade barriers was on the brink of failure.

3 May 2011 - 12:00am

Challenging year ahead for textile industry

Next month's discussions will focus on ending of agreements with the mainland which has resulted in a period of change and uncertainty

11 Mar 2008 - 12:00am

European firms turn heat up on Beijing

Country urged to meet free-trade obligations

European companies yesterday accused the mainland of avoiding its free-trade obligations and failing to create a fair environment for foreign investors in a bid to intensify pressure on Beijing ahead of next week's European Union-China summit.

23 Nov 2007 - 12:00am