... China's consistent and encouraging growth rate over the last twenty-five years has aided the nation to emerge as a dominant economic threat in the new world economy. Therefore, this paper would attempt to assess China's rapid developments, as well as study its implications for the rest of the nations, namely the East Asian nations. CHINA IN THE POST WTO ERA After nearly 15 years of negotiations, China was formally invited in 2001 to join the World Trade Organisation (WTO). This capped an historic year that included the award of the 2008 Olympics to Beijing and the hosting of the Asia-Pacific Economic Cooperation (APEC) summit in Shanghai (Ahlstrom, et. al., 2003). Accession to the WTO offers many opportunities for China and multinational firms, as well as numerous challenges. With China agreeing to abide by global trade rules, barriers to foreign goods and services will shrink, and the door for foreign investment will be ...

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