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...... This was followed by their move of investing a huge sum of $170 billion of the overdue loans into four different companies while at the same time recapitalizing a total of $32 billion to the state banks. The foreign investment filtered more and more into the Chinese market and foreign loans become one of the main sources for the Chinese government in returning the loans. The analysis of the current patterns of Chinese government debts shows signs that foreign banks will be given more freedom and the loans would need another 4-5 years before positive balance is attained
Another hefty impact after the inclusion of China into the WTO was the privatization of many of their State-Owned Enterprises (SOEs) which were failing miserably against the competition posed by the foreign investors. This was another blow for the local markets as the SOEs formed the crux of all Chinese businesses. The privatization of this sector was initiated in 1995 when the government kept the big profit-making SOEs and discarded the smaller SOEs, yet the government was forced to hand over the market share that these big SOEs had after joining WTO and eventually hand the complete control of the SOEs

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