WTO membership leads to restructuring in China

Shanghai looks set to be a key area for investors in China now that the country has joined the World Trade Organisation (WTO). Robert Lloyd George, chief executive at Lloyd George Asset Management, says areas that already see large amounts of foreign direct investment (FDI) include the aviation industry, telecommunications and finance. He believes Shanghai will become increasingly important in the development of the latter, having already developed a financial services infrastructure. As the economy develops, the country should see an influx of skilled expatriates that will assist...