China has changed from an agricultural backwater into the world’s second largest economy since joining the WTO two decades ago. Photo: AFP
China marks 20 years at the WTO, with a wary eye on rising costs and Western tensions
- Since joining the World Trade Organization in 2001, China has changed from an agricultural backwater into the world’s second largest economy
- But it faces challenges from low-cost developing nations and rivalry with advanced economies producing capital and technology-intensive products
China has changed from an agricultural backwater into the world’s second largest economy since joining the WTO two decades ago. Photo: AFP