please翻譯中文

翻譯中文
please翻譯中文

China's emergence as a global economic and trade power has created economic opportunities for China's trading partners, but has presented several challenges as well. On the one hand, China's economic growth has made it an increasingly important trading partner for many nations. On the other hand, China's trade barriers, failure to adopt most multilateral rules on international trade, and the relative absence of the rule of law for business activities have often proved to be major barriers for doing business in China and have been the cause of growing tensions with various trading partners, especially the United States.

Currently, China is the largest economic power that is not a member of the World Trade Organization (WTO), the international body that sets rules for most international trade. China has sought WTO membership, but has consistently argued that it should be given fairly lenient terms for joining the WTO. The United States and certain other WTO members contend that China is a large economic and trading power and, hence, must make major reforms to its trade regime before joining the WTO. Chinese officials contend that China is a developing country and should be allowed to enter the WTO under conditions which would allow it to adopt reforms over time. They contend that U.S. demands for trade liberalization are too severe because they would cause widespread bankruptcies of many state-owned firms, leading to widespread layoffs and social unrest.