WTO 'aided'Chinese firms
By Mark Hughes | China Daily | Updated: 2010-10-11 07:58
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A road construction machine made by Xuzhou-based Xuzhou Construction and Machinery Group in East China's Jiangsu province. A study, to be published in the November edition of World Development magazine, will explain the success of indigenous Chinese firms in the wake of increased competition accompanying China's accession to the World Trade Organization. Xie Zhengyi / For China Daily |
BEIJING - Researchers at the University of Oxford and the University of Toronto have shown that indigenous Chinese businesses have fared much better than expected in the wake of China's admission to the World Trade Organization (WTO) nearly a decade ago, which provided foreign firms with greater access to China's domestic market.
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