GCTL8.com (FocusAsia Media Ltd)
BEIJING, Nov 22 (FAM) – China has still a way to go before it can realise its ambition to have a bigger say in the terms governing international commerce and investment. It is forging its own cross-border trade deals, backing the creation of new financial institutions and pressing ahead with major initiatives. But it still has some way to go before it can realise its goal, observers say.
China’s ambitions were voiced late last month by Long Yongtu, China’s chief negotiator for its WTO entry. He told a forum that China could now be a “rule maker” instead of a “rule follower” in trade-related areas like international investment, online business and climate change, the SCMP reported.