China's Economic Reforms: Chronology and Statistics

Abstract

At the end of the twentieth century, the People's Republic of China faces stark trade policy choices. Market reforms implemented since 1978 have brought commercial strength and bright expectations for future prosperity. However, they have also brought China to the point where trading partners insist on commitments to liberal, internationally recognized trading principles. These calls come at a time when China is seeking to enter the World Trade Organization (WTO), is negotiating bilateral trade agreements with Europe, United States and its emerging neighbors, and is working out the terms of its participation in the ambitious Asia Pacific Economic Cooperation (APEC) forum.