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25 Pages

WTO Accession and the Managerial Challenges for Manufacturing Sectors in China

After the Chinese delegate signed the World Trade Organization (WTO) accord in November 2001, China formally agreed to the accession treaties after 15 years of on-and-off negotiations.1 It has been widely recognized that China will become the ‘factory of the world’ in the twenty-first century. Most analysts regarded this as a golden opportunity for foreign entrepreneurs to ‘jump on the bandwagon’ by investing in China in future years.