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China in the WTO: the new powerhouse of the world economy makes steady progress toward WTO compliance. (International Section).
General Electric announced in March that it has signed new contracts worth $900 million with Chinese power producers. GE already operates 25 branch offices and 30 joint ventures in China, with 9,000 employees and a total investment of more than $1.5 billion. With China's economic growth forecast to hit close to 8 percent this year, GE, like many companies, has made China its "global priority".
Companies that have been waiting for first-year results from China's entry into the World Trade Organization before making commitments to increased investment or trade can now move forward with more confidence. Although some difficulties remain, China has made a solid ...
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