Sustained economic growth and social stability are the key drivers of chinese policy since 1978 chinas economic reforms have gradually opened up its economy to both international trade and foreign direct investment and allowed the emergence of a non public sector. China could overtake the us as the worlds largest economy by 2030 according to the imf chinas population is about four times that of the us so its economy will become larger even with . As the second largest economy and a major trading nation chinas wto membership and governing of its economic activities by wto norms supports the organization chinas role in the wto will be shaped by its association with other developing countries including emerging economies. Chinas accession to the worlds largest trade bloc has been a story of all win results which made unprecedented contributions to both domestic and global growth experts said prior to the 15th . China became a member of the world trade organization wto on 11 december 2001 the admission of china to the wto was preceded by a lengthy process of negotiations and required significant changes to the chinese economy it signified chinas deeper integration into the world economy
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