CHINA WTO
September 1st, 2001
BY ALAN OSBORNFOLLOWING last week's (19/9/01) agreement on the terms of China's accession to the World Trade Organisation, the way has been opened for British and other retailers to set up wholly owned enterprises in the world's most populous country. Fears that the Chinese would permanently restrict the size of foreign chains in limited sectors, such as book, magazine and newspaper sales, have proved unfounded, with Beijing abandoning its concerns in this regard.Tobacco is the only retail product where China has reserved the right to retain state trading. For ...
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