Currently, China is considered a developing country in World Trade Organization (WTO) which grant
them the privilege to receive several benefits and investments from the said organization therefore if
this trends continue, the country could reach the stage of “developed country”, which might be a
disadvantage to them because they would lose their privileged status to WTO. Other than that, the
country can possibly dominate the world economic standings in the coming years, this might unlock an
opportunity for them to become a full-time member of WTO which will grant them same rights and
responsibilities given to the countries that are fully developed. In addition, China might end up in a
position which will give them right to influence the terms and policies of trade in different countries.
Also, the country could possibly play an important role in the implication and regulation of trade policies
and systems. To sum it all up, due to current trends, it is possible for China to become a developed
country, which may lose its privileged status to WTO but also it could make the country come out as one
of the key driver in world trading system and global trade.