In the late 1970s, China began a process of economic reforms and trade openness aimed at expanding the private sector’s participation and the market economy. It became from a poor, lagging and closed country to an open nation that keeps moving on. This process has been accompanied by high and permanent rates of economic growth in such a way that transit to a market economy has achieved a level of success not recorded in other transitions. Following its accession to the World Trade Organization (WTO) in 2001, it assumed rights and obligations, and intensifi ed its participation in economic globalization through the production of exportable goods and services. Thus, it created internal conditions to ensure sustained economic development with high growth rates until it became internationally competitive.