COMPETITIVENESS ОF CHINESE ECONOMY AFTER JOINING WORLD TRADE ORGANIZATION

Abstract

The paper contains analysis of the China’s membership in the World Trade Organization (WTO). The advantages and disadvantages of WTO joining and also prospects and unforeseen difficulties are given in the paper. The People’s Republic of China has already been a full-member of WTO for 6 years. The Chinese Government has mainly fulfilled all the conditions which were imposed for WTO joining. They concerned customs legislation that presupposed a considerable reduction of custom duties, an access to the service market for foreign investors, an increase of responsibility for violation of intellectual property rights. Many of these conditions have been fulfilled in advance.