Impact of China in the WTO
China's recent accession into the World Trade Organization has opened up many opportunities for U.S. companies to enter and expand their operations in China. Some companies are already starting to take advantage of these opportunities, making now the key time to get a foothold in the market before everyone else makes their claim.
For the first time, China overtook the U.S. as the most attractive destination for foreign direct investment according to a recent survey of senior executives of the world's largest companies. Companies are attracted by the size of China's market, the vibrancy of its economy, and the perception that there are few competitors with entrenched positions in China.
Several industries are undergoing significant changes as a result of China's WTO membership and pose excellent opportunities for foreign investors. Please
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