In 2001, China entered the World Trade Organisation (WTO), a watershed in the history of globalisation. Fully integrating China into the global economy had profound consequences, both positive and disruptive. Domestically, Beijing applied WTO rules to promote far-reaching market-based economic reforms. Internationally, China’s strong export industry has led to the decline of old-line industries in advanced economies. Recently China has adopted a number of technological and economic policies and practices which will have new implications for international markets.
On 5 July the Lowy Institute hosted journalist and author Paul Blustein and East Asia Program Director Dr Merriden Varrall in a discussion China’s changing engagement with the global economy and the dangers facing the trading system. A Senior Fellow at the Centre for International Governance Innovation, Paul has written widely on economic issues for more than 35 years, including for The Wall Street Journal and The Washington Post, and is the author of five books on international economic institutions.