The impact of China's accession to the WTO on vari

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According to the autumn report of the Academy of Social Sciences, China's entry into the WTO will help us improve the efficiency of resource allocation, improve the quality of economic operation, promote national economic growth, and create a competitive market environment for China's medium - and long-term economic development. The advantages outweigh the disadvantages. But it will also bring some impact on the employment of some industries and cities. China's accession to the WTO will further promote the expansion of the scale of China's foreign trade, in which the export of labor-intensive products will increase, while the import of capital intensive and technology intensive goods will also expand

China's entry into the WTO will have different impacts on different industries, and China's industrial structure, foreign trade structure and employment structure will face major adjustments. The grain import in the primary industry will increase to a certain extent, but it will not change the basic situation of China's grain self-sufficiency, while the export of labor-intensive products such as vegetables with comparative advantages is expected to expand. In the secondary industry, industries with high capital and technology intensity, such as automobile manufacturing and it industry, will be greatly impacted. This requires us to accelerate the pace of joint venture and cooperation between the automobile manufacturing industry and the IT industry, and strive to expand the export of general mechanical and electrical products that are relatively labor-intensive in the manufacturing industry. The financial service industry in the tertiary industry will face severe challenges. We should take comprehensive measures to strengthen the reform of state-owned commercial banks, strive to further expand the brand popularity in a short period of time, reduce the bad debt rate of state-owned commercial banks to a reasonable level, and enhance the overall competitiveness of the financial sector

accession to the WTO will bring new pressure on the reform of state-owned enterprises, government supervision and social security system, which are just some difficult issues that China needs to deepen reform. After China's entry into the WTO, it will inevitably bring about a larger flow of labor's slow and uniform loading force on the specimen between urban and rural areas, regions and departments. It is necessary to speed up the establishment of a social security system that can cover the whole society, including pension, unemployment, medical care and social assistance, so as to build a social security for social and economic operation

there will be a "transition period" of about five years in the process of China's accession to the WTO, so as to gradually reduce trade barriers and open the domestic market, which provides a buffer and development opportunity for China's industries and enterprises to adapt to the international market mechanism and WTO rules, and can play a necessary protective role in a certain period of time and to a certain extent. However, the transition period is limited after all, and the final result depends entirely on our efforts. If we can make good use of the transition period to make positive adjustments and make full preparations for the upcoming challenges, China's economic development after China's accession to the WTO will be cautious and optimistic

once China joins the WTO at the end of 2001, it will have a certain impact on China's economy, investment and consumption will increase, and net exports will decrease. It is estimated that China's import and export will increase by 1% and 0.7% respectively in 2002 due to the entry of the "plus (1)" guiding ideology into the WTO, and the foreign trade surplus will continue to decrease. However, on the other hand, the increase in investment and consumption will exceed the decrease in net exports, eventually increasing the growth of GDP by about 0.1 to 0.2 percentage points

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