This month’s edition of Prospect contains a range of perspectives on the meaning of the Tiananmen anniversay (see here and here). For our archive selection this month however, we revisit another crucial turning point in recent Chinese history: Beijing’s entry into the WTO in 2001.
More than any other event in the last decade, WTO accession signaled the emergence of China as an economic superpower. Indeed, over the subsequent eight years, the importance of that step for the global economy has only become clearer. Geitner’s discussions this week are based on the assumption that the health of the US economy is linked inextricably to China. America’s recovery will be China’s recovery.