BUT, there are huge shifts that need to take place. While China may be a member, Russia still hasn't achieved that status along with many other countries, including Iran I believe.
So, when trying to 'invoke' the WTO to seek policies that actually stabilize a global economy and remove 'RISK' from populous a greater involvement by many counties has to take place.
That does not preclude the WTO from moving in that direction and using the currency issues with China and the USA as a springboard to that resolve.
I mean if China is sincere about national security is needs to be built on better human rights records and a stable economy while raising citizen wages and improving the quality of lfie of the Chinese people, otherwise, that simply states China has a government of capitalists that profit off the blood, sweat and tears of its people. That is enslavement, not a government.
China needs to control its capitalists in balance with the well being of its people. To state China has a bigger economy than Japan is simplistic in definition.
ON BALANCE.
That is not true. Japan is able to support a generous minimum wage while China's primary wage payments are below most other minimum wages in the First World and does not support any Middle Class.
China might be seeing a lot of 'cash flow' through it's treasury, but, to compare it to Japan isn't even reasonable.
I believe China is more interested in 'filling in the gap' of decency and loyality to its' citizens than simply being the 'biggest economy' on Earth. By the way, this is not simply a Chinese issue, India is right on China's heels in regard to its citizens quality of life and wage status.