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TABLE OF CONTENTS INTRODUCTION............................................................ 3 CHINA IN THE POST WTO ERA ...................................... .5 IS CHINA UNDER PRESSURE TO REVALUE THE YUAN ..... 8 DOES CHINA HOLD THE KEY FOR A BETTER EAST ASIA ..13 WHERE IS CHINA HEADED? ..........................................16 CONCLUSION...............................................................18 REFERENCES...............................................................20 BIBLIOGRAPHY............................................................22 INTRODUCTION China's rapid economic growth since its opening to the outside world, which began with the 1979 law on joint ventures and the creation of special economic zones in 1980, has proven that economic freedom and wealth creation go hand in hand. Prior to joining the WTO, China already had significantly reduced its tariff and non-tariff barriers and increased trading rights. China's WTO commitments include further reductions in tariff and non-tariff barriers, extension of trading rights to foreign and domestic firms within three years of accession, greater market access for foreign telecommunications firms, banks, and insurance companies, direct distribution rights, and greater protection of intellectual property rights. The implications of China's accession to the WTO...

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