Chinese Father Documents Life With Son Every Year of His Life for 3 Decades

2001: World Trade Organization

Also in 2001, China joined the World Trade Organization. The process required China to make important changes to its economy, but the result integrated China deeper into the world economy. The United States had a strong interest in the Chinese economy because they viewed as a potential market for U.S. goods and services. The changes were difficult steps, but China’s admission was an enormous achievement. Hong Kong had already been admitted to the World Trade Organization in January 1995 before Hong Kong was handed over to China in 1997. Taiwan had also been a member of the World Trade Organization.