'This is a very useful contribution destined for all students and practitioners of international trade. The authors address the core question that has been recently plaguing the world trading regime, namely, to what extent the regime choice is prejudged by the letter and the spirit of the current multilateral disciplines. It is no exaggeration that that the future policy relevance of the WTO hinges on the response to this question.' Petros C. Mavroidis, Edwin B. Parker Professor of Foreign & Comparative Law, Columbia Law School, New York City
1. China, state capitalism and the World Trading System; 2. The evolution of China's reforms of State-Owned Enterprises (1978–2020); 3. State capitalism in China's accession to the WTO: concerns and solutions; 4. The limits of general WTO rules; 5. The potential of WTO rules on industrial subsidies and China-specific obligations; 6. Emerging approaches to regulating State-Owned Enterprises: the comprehensive and progressive agreement for Trans-Pacific Partnership (CPTPP) and Post-CPTPP free trade agreements; 7. Tackling China's state capitalism: WTO litigation and trade negotiation; 8. Conclusion: the potential of multilateralism.