Accession formalized Chinaโs participation after 15 years of negotiations. It widened market access and manufacturing integration while increasing pressure on domestic producers and labor; it did not erase inequalities in rule-making, capital or technology.
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Why is WTO accession a turning point in this account?
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Uitleg
China gained reach within a system whose rules largely predated its membership.
WTO accession made the state withdraw from economic coordination.
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The state remained planner, lender, regulator, negotiator and owner.