Chapter 22 guide

★Since the 1980s, Chinese leaders have been in close contact with the leaders of the United States and the European Union, and have conducted repeated consultations on China's integration into the world economic system. ★The Chinese government has decided that Premier Zhu Rongji will be responsible for supervising the negotiation process of China's accession to the WTO, which also means that the Chinese government is serious about China's accession to the WTO. ★China's accession to the World Trade Organization continues to change the balance of power between the national government and multinational companies, and also has a profound impact on the relationship between business managers and employees.

China's move to join the World Trade Organization shocked the world.For China's accession, the attitude of the United States is very contradictory.In order to open up the Chinese market, it is only natural for the United States to support China's accession to the WTO.But the United States is also afraid of the impact of China's joining the global free trade system: Will the world economic order newly established after the "Cold War" be disrupted by China?Will China's politics open up to the world if it is agreed to China's entry into the WTO? The trade negotiation process between China and the United States is a difficult one.Since Bill Clinton became president of the United States in 1992, he has been a staunch advocate of global free trade.He strongly supported the signing of the North American Free Trade Agreement, despite the opposition and concerns that this agreement has aroused in the United States.What Americans are worried about is that once the country's trade barriers are weakened, the US government's protection of manufacturing and agriculture will be greatly affected, which will lead to the adverse consequences of factory bankruptcy and farm closures.Ross Perot, who ran as an independent candidate in the 1992 and 1996 U.S. presidential elections, warned the U.S. government about signing up to the North American Free Trade Agreement.Perot's anti-free trade stance earned him 19% and 8% support in the two presidential elections.Free trade has become the basic consensus within the U.S. government, and this general trend cannot be stopped. However, the voices of opposition in the hearts of the American people are still very high.

Beginning in the 1980s, Chinese leaders have maintained close contacts with leaders of the United States and the European Union, and conducted repeated consultations on China's integration into the world economic system.During that period, a significant change in the field of world economy was that the World Trade Organization replaced the General Agreement on Tariffs and Trade since World War II.Established in 1995, the World Trade Organization has attracted widespread attention from the international community since its inception. In the late 1990s, both China and the United States panicked because of the Asian financial crisis.Due to the impact of the financial crisis, China's economy experienced a short-term development stagnation.From the perspective of the wide-ranging Asian financial crisis, it seems that the open economic model and free trade are not a good way for some countries to develop. For example, Thailand and South Korea were severely affected by the financial crisis, and their domestic economies Levels have set back at least 10 years.However, the U.S. economy is still thriving under the stimulation of the "new economy" such as electronic information and the Internet.What the United States is worried about is not the consequences of the financial crisis, but the impact of China's entry into the global free trade system. Will the world economic order newly established after the "Cold War" be disrupted by China?If China is allowed to join the World Trade Organization, will China's politics also open its doors to the world?