The Liberalization of China Foreign Trade Policy in the Framework of the WTO

In this research work, author focus on the analysis the liberalization of China foreign trade policy in the framework of the World Trade Organization (WTO). What indicates the importance and innovativeness of the research is the presentation of the technical progress in P.R. China and the benefits resulting from liberalized of the China foreign trade policy under WTO. Accordance to the foreign trade policy theory further trade liberalization and improved framework policies would increase trade and promote growth. It must be emphasized that openness to trade is associated with higher incomes and growth and there are the need for new approaches to trade cooperation in light of the forces that are currently re-shaping international business. The key of trade developments within the broader socio-economic context is especially the rise of global supply chains, the general shift of trade power away from the West towards Asia the main aim of the article is the presentation of the liberalization of China foreign trade policy in the framework of the WTO.