For the purpose of reentering in the organization, China had to unwind around 7000 quotas, tariffs and also had to lift various barriers on trade as well (Chow, 2002). Even though, some experts believe that through the foreign competition, the farmers would be evacuated and tarnished state-owned enterprises (SOEs) would be overturned, and this actually happened to a certain extent. However, China’s recent overall performance indicates toward the fact that China actually had one of the best decades in the global economic history, and this can be illustrated form the fact that the Chinese dollar GDP has quadrupled, whereas, Chinese exports has almost quintupled. On one hand, the American foreign direct investment earns a return of around 13.5% from its overall investments in China, and on the other hand, it earns a return of around 9.7% from its global investments (Gibbs, 2011). On average, in comparison with Brazil or India, China inflicts lower tariffs. Moreover, because of the fact that the gap between what china can charge as per the rules of the world trade organization and what china actually charge, is also strangely minute. This is the major reason behind why China can not actually increase the tariffs even if it wants to increase it.
USA, which is China’s sole major trading partner, majority of the people donot really see this relationship between China and USA positively, and this can be illustrated by the fact that around 61% of Americans believe that China’s recent economic expansion would not benefit America at all, and just 15% of Americans believe that China’s recent economic expansion would benefit America (Guohua, 2015). Experts claim that by keeping the exchange rate low, China has actually managed to acquire an alternate for the measures which it submitted for the purpose of rejoining the World Trade Organization. Foreign frustration is partly a sign of China’s success can also be seen partly from the overseas frustration and because of the fact that the Chinese economy has developed and full-grown over the time period, hence bets on the Chinese market have also raised over the period.