foreign trade of china kc fung university california santa cruz hitomi iizaka sarah tong hong kong june 2002 paper prepared for an international conference on s economy in the 21st century to be held 24 25 we would like thank alan siu and richard wong their encouragement 1 introduction december 11 2001 officially joined world organization wto became its 143rd member presence will continue grow deepen sector plays important multifaceted role economic development at same time expanded is beneficial all trading partners regions that with benefit from cheaper more varieties imported consumer goods raw materials intermediate products also a large growing export market while entry any major nation global system can create process adjustment outcome fundamentally win situation this provide survey various institutions laws