Still dominated by the state--
The reforms have been on since 1978.
WTO since 2001, when I remember everyone so happy abt it.
Here quote fr below:
"When China acceded to the World Trade Organization, or WTO, in December 2001, it did so after all members of the world trading community agreed that, as a transitioning economy, China still operated on nonmarket principles. Because of its prevalent anti-competitive industrial policies and the contradictions between state control and market mechanisms built into its fundamental economic institutions, China’s economy could skew the commercial competitive environment for the entire global economy. As a result, the agreement provided member countries a means to take into account China’s nonmarket economy status for the purposes of monitoring and enforcing trade rules set under the WTO and other international agreements."
The reforms have been on since 1978.
WTO since 2001, when I remember everyone so happy abt it.
Here quote fr below:
"When China acceded to the World Trade Organization, or WTO, in December 2001, it did so after all members of the world trading community agreed that, as a transitioning economy, China still operated on nonmarket principles. Because of its prevalent anti-competitive industrial policies and the contradictions between state control and market mechanisms built into its fundamental economic institutions, China’s economy could skew the commercial competitive environment for the entire global economy. As a result, the agreement provided member countries a means to take into account China’s nonmarket economy status for the purposes of monitoring and enforcing trade rules set under the WTO and other international agreements."
Assessing China’s Economic Reform Agenda
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