SINGAPORE — Entry into the World Trade Organization (WTO) is likely to substitute revolution for evolution in China's fledgling automotive industry. The controversial Chinese membership, expected to be approved late this year or early next, was brought one step closer when the U.S. House of Representatives approved a bill granting Permanent Normal Trade Relations status to China, a precursor to WTO membership. China's entry to the WTO will impinge upon a broad variety of products. But ...
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