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China and The Collapse of Doha

Courtesy Reuters

On issues ranging from exchange rates to energy policy, foreign aid, and the multilateral trading system, China's actions over the past few years have challenged some of the most fundamental norms and rules of the existing global order.

China's key role in torpedoing the Doha Round of global trade negotiations in July is the latest, and a critically important, case in point. China has a huge national interest in maintaining the global trading system and enhancing its effectiveness; this system has played a crucial role in facilitating China's breathtaking growth. The widespread rise of anti-China protectionism in the United States and Europe (not to mention many developing countries) could choke off China's exports and sharply curb its growth. The erosion of the global trading system would cause major problems for China and damage the world economy.

As the world's second-largest economy (and its second-largest exporter), China bears a great deal

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