ABSTRACT

As Part II outlined, there are numerous barriers to integrating China into the WTO. In addition to traditional trade barriers, there are problems with China's lack of a rule of law, its totalitarian government, and its governmental distortions of foreign exchange markets. The task is not insurmountable, but it is difficult and will take time. It is simply not realistic to expect China to establish a rule of law, reform its government, create a new foreign exchange regime, or even phase out all WTO-inconsistent trade barriers overnight. The transition will take time.