Sunday, December 30, 2012

China's 2nd WTO decade

A report in a China news daily about the need for more market reforms to take advantage of the WTO caught my attention. China has known to have taken advantage of its membership since 2001 but experts claim that now that advantage is wearing off and more needs to be done.
"To overcome that tensionErixon suggested both sides roll out market reformswith China liberalizing more sectorsgetting away from its high level of reliance on State-owned enterprisesand giving domestic companies greater access to capital markets."
Moving away from State owned enterprises, market reforms - will China herald the next big "capitalist" reform push? Will be interesting to see how China approaches its second decade in the WTO.Less subsidies and more market reform?

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