By joining the World Trade Organization China legitimizes its own brand of 'catch-up' industrialization. What has been learnt from the respective negotiations? What does China's entry mean for emerging Asia and the developing world at large? What implications will it have on the multilateral trading system? What is China's strategy in the fields of the environment and intellectual property rights? This book provides an authoritative assessment of these issues, with particular focus on the impact on the emerging Asian-Pacific countries.