China and WTO
China joined the World Trade Organization in the beginning of the 21st century which turned out to be one of the most important episodes in the history of the developments of China. The formation of enduring and usual trade relations between China and the United States in the year 2000 was followed by China’s joining of the World Trade Organization in the beginning of the 21st century, and this occurred twenty-one years after the diplomatic relations between the two countries normalized. According to Tacconelli & Wrigley (2009), the major reason behind why these two events are considered as one of the most significant events in the history of the Chinese economic development is due to China being acknowledged USA and also by the world economic community as well and as an equal partner. In the recent times, China has enabled itself to become one of the most vital members of the global economic community. Moreover, it has also been playing a decisive role in the expansion of the global economy. This study aims at evaluating World Trade Organization (WTO) membership’s influence on china’s political, legal and economic institutions. Rather than the theoretical-quantitative approach, which is followed by various articles published in economics journals, the approach of this particular study is historical-institutional. The characteristics of legal, political and Economic institutions are such that they can not be quantified expediently; and therefore, the world trade organization membership’s influence on these characteristics can be evaluated much more expediently through the general trends which are qualitative in nature. This study will also discuss the impact of WTO and China on economic, political and legal institutions of China.