China's entry to the WTO

The paper predicts two possible outcomes of China's accession to the WTO. If this stimulates the initiation of a real constitutional negotiation among different interest groups in China, then China's WTO membership will benefit China as a whole in a profound way. If the ruling party can successfully block the initiation of the constitutional negotiation and carry out a new dual track approach in implementing WTO game rules, then China as a whole may suffer from its WTO membership. The dual track approach may exacerbate inefficient inequality of income distribution, further institutionalise state opportunism and corruption, lower moral standards, and increase social tension that destabilizes China's political system.