Accession of the people’s republic of china

The Ministerial Conference Decision of 10 NOV.2001 Having regard to paragraph 2 of Article Ⅻ and paragraph 1 of Article Ⅸ of the Marrakesh Agreement Establishing the World Trade Organization, and the Decision—Making Procedures under Articles Ⅸ and Ⅻ of the Marrakesh Agreement Establishing the World Trade Organization agreed by the General Council (WT/L/93). Taking note of the application 0f the People‘s Republic of China for accession to the Marrakesh Agreement Establishing the World Trade Organiza-     

Economic Implications of China‘s Accession to the WTO

I. IntroductionChina's accession to the World Trade Organization (WTO) on 11 December 2001 was a monumental event. Never has an accession to the WTO stirred up such intense emotions throughout the world: euphoria, envies, and, above all, fears. Workers on both sides of the Pacific Ocean and beyond have genuine fears of losing their jobs. Governments and entrepreneurs from both developing and developed countries are afraid of     

China, A Developing Market Economy Country

China’s accession to the WTO in the year 2001 isan event of great significance in the history of worldtrade.The World Trade Organization,with theoverwhelming majority of its members being marketeconomy countries,follows the rules of market economyin its operation.It is unfair,however,that in its worldwide     

Adoption of International Financial Reporting Standards Has Enhanced Chinese Company Transparency

The research reported here shows that China＇s recent adoption （ASBE） has increased the quality of Chinese financial reporting of Accounting Standards for Business Enterprises With China＇s decade of World Trade Organization （WTO） membership marked by dazzling economic growth, it is useful to reflect on how financial reporting itself can assist in the country＇s future progress. Critical to the success of ensuring strength for this burgeoning economy is attraction of foreign investment capital. As China＇s internal consumption grows,     

Regionalism and East Asian economic integration

The wave of economic globalization moves to all the countries in the world to be integrated with multilateralism and by promotion of the General Agreement on Tariffs and Trade/World Trade Organization （GATT/WTO）. Meanwhile, the growth of regional economic integration has been one of the major developments in international economic relations, and undoubtedly regionalism is a part of the global economic environment. The objective of the paper is to review the trends and highlight the prospects for enhancing economic integration in East Asia. This paper has argued that the emerging East Asian economies have achieved sustained economic development and poverty reduction through domestic structural, institutional and governance reforms as well as through market-driven integration with the global and regional markets. Though this process was temporarily interrupted by the Asian financial crisis in 1997-1998, the economies have pursued further liberalization and reforms, deepened economic integration through trade, FDI and finance, and regained dynamic growth. The author argues that the reasonable choice for Eastern Asian countries is to deepen their economic integration and the optimal strategy is fostering economic integration with institutional cooperation.     

Financial Services in the Doha Round and China＇s Commitments

Current negotiations on financial services at the WTO are concerned with improving liberalization commitments over the Financial Services Agreement which became an integral part of the General Agreement on Trade in Services (GATS) in 1997. Important underlying issues of these negotiations are member states‘ policy decisions in two particular areas: capital account liberalization and prudential regulation. These decisions not only determine the member countries‘ scope for liberalization,, the liberalization commitments in turn also limit the scope of national economic poliey in these two areas. Taking these characteristics offinancial services talks into account, there are two major goals for the ongoing negotiations:for industrialized countries to make progress with respect to trade business and for developing countries and emerging-market economies to concentrate on improving market access on an established basis. For China, the most important goal is to implement the far-reaching liberalization commitments that were made in the context of its accession to the WTO in December 2001.     

China''''s Role in the WTO

On November 11,2001,China formally joined theWorld Trade Organization(WTO).As a newWTO member,China can play a more active and con-structive role in the organization.This paper will ana-lyze China's role in the WTO on the basis of its organi-zational feature,benefit and member structures.As oneof the top three trade economies and a potential eco-nomic world power,China does and will benefit fromthe present multilateral trade framework as a strong sup-     

How to Evaluate and Enhance the Effectiveness of Capital Control in China?

China's accession to the World Trade Organizationwill make it more difficult for the country to re-strict the flow of international capital.However,it doesnot necessarily mean China will lose its effectivenessin maintaining capital control.In this paper,we pro-pose a framework to evaluate the effectiveness ofChina's efforts in that endeavor.     

WTO’S understanding on commitments in financial services

Participants in the Uruguay Hound have been enabled to take on specific commitments with respect to financial services under the General Agreement on Trade in Services (hereinafter referred to as the “Agreement“) on the basis of an alternative approach to that covered by the provisions of Part Ⅲ of the Agreement. It was agreed that this approach could be applied subject to the following understanding: (i) it does not conflict with the provisions of the Agreement; (ii) it does not prejudice the right of ...     

英文信息

Chinese Trade Minister on Importance of Intermediary Organizations After China‘s entry into the World Trade Organization, intermediary organizations should play a larger role in boosting the national economy and foreign trade, says Minister of Foreign Trade and Economic Cooperation (MOFTEC) Shi Guangsheng.As bridges between the government and industry, intermediary organizations played a major part of the socialist market economy, Shi said in Beijing Monday at a relevant seminar held by the MOFTEC. Chin...     

Foreign Direct Investment(FDI)in China’s Mobile Telecommunications Sector

Introduction Ten years after China’ s accession to the World Trade Organisation(WTO),the country has emerged as a world economic powerhouse.By the end of 2010,China’ s foreign exchange reserves hit a record US$2.85 trillion(Wang,14 January 2011) and FDI in China rose to a record $US105.7 billion(Bloomberg News, 18 January 2011).Furthermore,China overtook Germany in 2009 as the world’s largest exporter and likely surpassed Japan to be the world’s second largest economy(Bloomberg News,18 January 2011 ).     

世界贸易组织调整世界贸易的重要力量

世界贸易组织，简称WTO(World Trade Organization），是致力于监督世界贸易和使世界贸易自由化的国际组织。其前身为1947年创立的《关税及贸易总协定》（General Agreement on Tariffsand Trade）。     

世界贸易组织（WTO）的创立

WTO是什么样的组织? 世界贸易组织简称WTO(Worid Trade Organization),是致力于监督世界贸易和使世界贸易自由化的国际组织。其前身为1947年创立的《关税及贸易总协定》(CeneraI Agreement on Tariffs and Trade)。 世贸组织前身关贸总协定(GATT)的缔结 GATT,英文全称为General Agree-     

Structural Restriction in the Development of China＇s Financial Industry

After China‘s accession to the WTO, the main problem China now faces in its financial development is how to enhance international competitiveness while safeguarding financial security. Since reform and opening up, the development of China‘s financial industry has featured extensive quantitative expansion, but without sufficient consideration given to increased risk. This has led to serious defects in the financial structure, which has hampered the financial industry from further development and from improving its international competitiveness. All these have had unfavorable impacts on financial stability and security.Therefore, in developing China ‘s financial industry, the stubborn pursuit of growth in quantity is inadvisable. What is needed is to change this way of thinking and to promote reform and development of the financial industry with emphasis on structure improvement,and to seek a way of development that can raise international competitiveness, while at the same time ensuring financial security.     

CO2 Emissions Embodied in China＇s Foreign Trade： An Investigation from the Perspective of Global Vertical Specialization

In light of the growth in vertically specialized in global trade, the present paper uses input output tables from the World Input-Output Database to construct an environmental multi regional input-output model to calculate the CO2 emissions embodied in China＇s international trade during 1995-2009. The advantage of this model lies in its incorporation of the re exported CO2 emissions component embodied in trade and its ability to differentiate domestic sourced CO2 emissions from foreign-sourced CO2 emissions in trade. The results show that carbon emissions embodied in both China＇s exports and imports increased significantly during 1995-2009. One important reason for this is that the re-exported carbon emissions embodied in China＇s imported intermediate inputs increased substantially during this period. Our research reveals that accelerating the transformation of trade pattern and upgrading processing trade should be emphasized in the formulation of policy to prompt CO 2 emissions abatement in China.     

Analysis on Development Strategy of China＇s Commercial Street： A Case Study of Hangzhou City

China is arranging a boom of commercial street development across the country and Hangzhou works as an outstanding example. Commercial street economy is boosting China＇s urbanization and industry prosperity. Concerning on the rapid and sound development of commercial street in China, this paper introduces many problems and conflicts that block domestic commercial street development. With the guidances of China Commercial Walking Street Committee and Hangzhou Bureau of Economy and Trade, data analysis by Hangzhou Municipal Bureau of Statistics, and case study of commercial streets in Hangzhou, the paper states that commercial street development beyond China＇s socialism economic system should follow the guidance of scientific outlook on development, insist on government-led and market-driven, design first and service-oriented, and highlight core feature and comprehensive facility. Also, it is essential to unify and ensure legal status of management committee, and streamline organizational structure, balance between interest groups, weaken conflicts of public and private, and promote industry association development and privately-operated public affairs to ensure sustainable development of commercial street, which will truly benefit domestic urbanization as well as improve people＇s material and cultural life. For the other developing countries in the urgent progress of industrialization and urbanization, the paper is expected to be guidelines.     

Retesting the Separability of China＇s Rural Households

This article retests the separability of China’s rural households in light of growing doubt about the sustainability of high economic growth in China.If a household’s production decisions are "separable "from the household’s consumption decisions,generally this suggests there is no surplus labor.Many scholars aver that China’s surplus rural labor has spurred rapid economic growth,but concerns have arisen as to whether China still has surplus labor available.We investigate this issue using rural household panel data from 1993 to 2009.The regression results confirm that households in rural China have progressed from being non-separable to separable.The estimation results for both the entire country and regions reject the separability hypothesis before 2004 but fail to reject the hypothesis after 2004(with the exception of the central region).These results suggest that China ’s surplus labor supply is dwindling,especially in the eastern and the western regions.The sustainability of China’s high economic growth is questionable in the absence of a large reservoir of surplus rural labor.     

On Equivalence in Chinese-English Translations of Sign Words

The global integration has brought China closer t the rest of the world, especially after China succeeded in en tering the WTO and was entitled to host the 2008 Olympi Games in Beijing and the 2010 World Exposition in Shang hai.With the frequent exchanges between China and other countries in recent decades, more and more internationa friends have come to China.Meanwhile, more and mor bilingual sign words appear in the big cities in China so as t facilitate international friends’ stay in China.Therefore, th English translations of sign words are of paramount impor tance to international tourists.     

Review of the EU’s Preliminary Assessment of China’s Market Economy Status

I. Introduction In late June 2004, the EUmade a decision on its Preliminary Assessment of the People’s Republic of China’s Request for Graduation to Market Economy Statusin Trade DefenseInvestigations. This preliminary result came out after China lodged the request in June2003. The EU assessment report holdsthatbefore it can be granted thestatus, China needsto make substantialprogress in fourfields:government intervention, corporate governance,property and bankruptcy laws, and the f…