ABSTRACT
After 15 years of continuous efforts, China was finally admitted to the World Trade Organization (WTO) in December 2001. During this period, China has witnessed considerable progress in economic liberalization and reforms even without being a WTO member. This process is in harmony with the general trend of globalization elsewhere, which, through the flows of trade, financial and human capital, technology and information across national boundaries, has led to and will continue to lead to a restructuring of the world economy.
