Publication Type

Journal Article

Version

publishedVersion

Publication Date

3-2021

Abstract

Since its accession to the World Trade Organization (WTO), China's exports have been growing exponentially. In 2009, China became the world's top goods exporter. Four years later, China unseated the United States as the top trading nation in the world. In contrast to the burgeoning Chinese economy, the United States and Europe have been suffering from economic decline since the global financial crisis in 2008. China regards its rise as a long overdue restoration of its rightful position, as it has been the largest economy in the world for most of its history, except the brief aberration over the past 150 years. The Western powers, however, view China's rapid development with suspicion, as they attribute China's success mostly to its state-led development model, with state-owned enterprises, massive subsidies, and heavy government intervention playing a major role.

Keywords

International trade, World Trade Organization, China

Discipline

Asian Studies | International Trade Law

Publication

Proceedings of the ASIL Annual Meeting

Volume

114

First Page

23

Last Page

32

ISSN

0272-5037

Identifier

10.1017/amp.2021.4

Publisher

American Society of International Law

Copyright Owner and License

Authors

Additional URL

https://doi.org/10.1017/amp.2021.4

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