The Integration of China into the World Trade System and the Increase in its Role in International Business
The Integration of China into the World Trade System and the Increase in its Role in International Business

Summary/Abstract: In this research, the author focuses on an analysis of the integration of China into the World Trade System and the increase in its role in international business. The importance and innovativeness of the research is indicated by the presentation of the new circumstances for the development of the global economy and global trade, where the People’s Republic of China seems to be a production superpower, able to change world trade. In many areas it possesses comparative advantages. China may continue its development, to specialise in electronics and increasingly in services. With or without further trade agreements, services will be traded more and Chinese trade policies will have to adjust to changes in the global organisation. The question that arises is whether the West will see China’s rise as an opportunity for co-operation or for conflict. Economic growth in China is generally more preferable to its extensive military expansion. With new investment, a country can transform its position through industrial expansion at home and sustain it through international trade. China is especially sensitive to the advantages of intensive growth and will not wish to disrupt the essential economic arrangements that have been crucial to its success. The main aim of the paper is to present the integration of China into the World Trade System and the increase in its role in international business.

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