China's Re-entry to GATT and Its Machinery Industry

Restoring China as a signatory of GATT is not only needled to raise the country’s status internationally but also for deepening reform and expanding opening to the outside world. Without doubt, it will have profound impact on the national economy, particularly on the development of the machinery industry. Re-entry to GATT can help China speed up the pace of industrial reform, establish the socialist market economy,