Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：47  发布时间：2025-09-24

In addition to investment and cooperation, the escalating trade frictions in the future have already begun to emerge. By the end of the year, China's textile exports had grown rapidly. In the North American and Japanese markets, Chinese Mainland's goods had exceeded Taiwan's goods, which had always been the leader. In that year's export trade, textiles accounted for 32% of the total export value, and China and the United States began a tug of war negotiation over textile trade. At the same time, sanctions on other goods have also begun. In November, the US International Trade Commission ruled that China's canned mushrooms had harmed the US mushroom industry, marking the first anti-dumping case against Chinese goods seen in public media.

On November 24th, the Ministerial Conference of the General Agreement on Tariffs and Trade was held in Geneva. At this regular annual meeting, a special guest, a director from the Chinese Ministry of Foreign Trade and Economic Cooperation, came to observe. Agence France Presse immediately realized sensitively that "China is trying to become a member of this international trade organization, and its purpose of coming this time is obviously to understand the procedural issues of joining the organization." The General Agreement on Tariffs and Trade was established in 1946 after World War II and was part of the Bretton Woods Agreement. It, along with the International Monetary Fund and the World Bank, is considered one of the three most important international economic organizations in the world. If China wants to join the organization, it will receive most favored nation treatment, but first it must commit to opening up its domestic market. For a considerable period of time thereafter, whether and when China can join the organization will become the most important landmark event for China's integration into the global economic family.