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Prospect of WTO reform and China’s position

Trade Topics
WTO reform

- The stagnation or death of the Doha Round strongly hurt the confidence in the negotiation function of the WTO for either developing or developed members
- The dispute settlement function of the WTO hurt the self-interest and self-esteem of the United States
- The intensifying geopolitical and geoeconomic competition between the US and China hurt the good faith as the basis of the WTO as well as the broader global governance
- The expanding income gaps in the developed world hurt the social consensus on globalization