We also spoke with Dr. Jin Keyu, an Associate Professor at London School of Economics and Political Science, on the highs and lows since joining the WTO. She said the key going forward, is the restructuring of the economy.

Dr. Jin Keyu said: “China’s economy should gradually restructure itself away from a low labor cost paradigm, to a low capital cost paradigm, and by that I mean, China has all the potential to develop international financial centers. The absolute prerequisite for developing financial centers on which foreign stocks can be listed, is to have a flexible exchange rate. So I think that in the next 10-15 years, that will be a step China has to take.”

Source:cntv.cn