World Trade: Will China Agree To Pay Its Dues?

This has been a season of heavy blustering between Beijing and Washington over China's bid to join the World Trade Organization (WTO), the new global trade regime. With the Jan. 1 launch of the WTO drawing near, the rhetoric has been heating up. Chinese officials have threatened to punish the U.S. if it keeps China out. But their American counterparts insist that China isn't going to get in unless it agrees to play by accepted international rules.

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