Effects of China's membership to World Trade Organization on the World economy

When we analysis the economic performance of China, one of the most debated subject in the last years, it is seen that Chinese economy has been the fastest-growing economics in the world. When we compare the economic performance of China in last two decades with the other world economies, China is highly drawing attention. China adapted the concept of socialist market economy. On 11th of November 2001, China was participated World Trade Organization. Consequently, China got the results of efforts to adaptation with world economic system. Together with the reforms, China had some advantages in the foreign trade which also brought advantages and threats for other world economies. That is why China is one of the most important topics in foreign trade. In this study, Chinese economic development, trade relations and effects on the other world economies will be mentioned.