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 <subject>Investment companies</subject>
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 <title>World Trade Organization: U.S. Companies&apos; Views on China&apos;s Implementation of Its Commitments</title>
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<abstract>As the second largest source of foreign direct investment in
China, U.S. companies continue their keen interest in China&apos;s	 
implementation of its World Trade Organization (WTO) commitments.
China&apos;s 2001 WTO commitments include specific pledges to increase
market access, liberalize foreign investment, continue		 
fundamental market reforms, and improve the rule of law. In 2002,
GAO reported on selected U.S. companies&apos; views, finding that many
commitment areas, particularly those related to rule of law, were
important to U.S. companies. GAO also found that company	 
representatives expected China&apos;s reforms would have a positive	 
impact on their business operations but expected some		 
difficulties during implementation. In 2003, GAO continued to	 
analyze companies&apos; views about (1) the extent to which China has 
implemented its WTO commitments and (2) the impact of China&apos;s	 
implementation of its WTO commitments on U.S. companies&apos; business
operations. GAO collected the views of representatives from 82	 
U.S. companies with a presence in China. GAO focused on companies
in the agriculture, banking, machinery, and pharmaceutical	 
industries. Results reflect a response rate of 60 percent of the 
study population. These responses may not reflect the views of	 
all U.S. companies with activities in China.</abstract>
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<identifier type="preferred citation">GAO-04-508</identifier>
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 <topic>International organizations</topic>
 <topic>International trade</topic>
 <topic>Investment companies</topic>
 <topic>Investments abroad</topic>
 <topic>Surveys</topic>
 <topic>International economic relations</topic>
 <topic>Foreign trade agreements</topic>
 <topic>China</topic>
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