The Rise of China
Dan Snow's History Hit
00:00
What Happens When China Joins the WTO World Trade Organization?
In 1976, when it comes to China's rating in terms of gross domestic product per capita, the country ranks number 123 in the world. In 2001, China is allowed to join the WTO World Trade Organization,. And from that point onwards, really revenue increases drastically. Why is that? Well, it is because China at that point, and to this very date, remains a socialist economy. Not even Bangladesh can compete.
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