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Scroll down for more in this section |
Oct. 5 - Oct. 11, 2001
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Surviving a Free-Market WorldBy Joe McDonald/APThey’ve had years to prepare, but China’s companies, farmers and workers face wrenching changes once they enter the free-market World Trade Organization, letting loose a flood of imports and foreign competition. Foreign companies were exultant on Sept. 18 after a WTO panel cleared the way for China to join after 15 years of negotiations. Its membership terms require Beijing to ease barriers to imports and foreign investment in Chinese firms. |
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Also In Business
Members of the World Trade Organization formally cleared Taiwan for admission on Sept. 18, a day after China was approved, fueling hopes of a closer relationship between the two feuding neighbors. “We do believe that the WTO could serve as a very good forum, a very good channel, for us to enter into bilateral discussion with mainland China on economic and trade issues,” Chen Rei Long, Taiwanese deputy economy minister, told reporters. The carefully prearranged admission of Taiwan the day after China was under a long-standing accord that respected the sensitivities of the two Asian neighbors...
WTO Formally Approves Admission of Taiwan
By Naomi Koppel/AP
The Asia Foundation launches an organization to help potential donors find secure charities in Asia. 
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