Beijing should play bigger role in global rule making
This December marks the 15th anniversary of China's accession to the World Trade Organization. In the past 15 years, China could have played a bigger role in promoting global governance had the world's institutional structures allowed it optimum participation in the global rule-making process. That will be China's main objective in the future.
Fifteen years ago, some people in China questioned the rationality of "wearing the chains" of the WTO. The opponents gradually realized that China could not win the trust of foreign corporations and governments if it did not become a WTO member, and trust is quite important in international economy and trade.
By pledging to abide by WTO rules, China has increased its foreign trade on average by 22 percent a year during these years, while becoming a major destination for foreign investment. China has also benefited by abiding by international rules, and it will continue to participate in making global rules, as well as executing them. Therefore, contrary to what some people assume, there is no reason for China to reject the current rules and world order.