3 involving itself in the post-cold war international system 1)in economic and financial fields a) participating in APEC(1991) b) applying for the membership of WTo( 1995) c) joining the coping with Asian financial crisis in 1997 and appreciation of unfolding regionalism in East Asia China champions openness, tolerance, and mutual benefits in promoting regionalism.3 involving itself in the post-cold war international system 1) in economic and financial fields a) participating in APEC (1991); b) applying for the membership of WTO ( 1995) ; c) joining the coping with Asian financial crisis in 1997 and appreciation of unfolding regionalism in East Asia China champions openness, tolerance, and mutual benefits in promoting regionalism