ABSTRACT
Alongside implementation of the Uruguay Round, the accommodation of sustained, rapid, internationally-oriented growth in China is the greatest challenge facing the trading system over the next decade. Success will increase the gains from trade—obviously for China, but also for the rest of the world and for most, if not all, of its economies. Failure will lead to corrosion of the open international system, well beyond the rules governing China's interaction with the rest of the world.
