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Words: | Submitted: Thu Aug 21 2003
... to us Chinese people. As English major students who are specialized in Business English, we must have a more specific idea than those ordinary people who just know the term WTO itself instead of the true meaning of this word. In the following paragraphs I shall summarize the major economic benefits China is expected to derive from its WTO membership. They include (a) stability in external economic relationships; (b) firmer and speedier economic reform; (c) long-term growth based on efficiency and innovation. This paper is presented as partial fulfillment of our Business English Reading class. Thanks for the kindness of Miss.Shang. 1. Stability in External Economic Relationships WTO membership will give China a more stable access to foreign markets because it will reduce disruptions in foreign trade that are caused by unpredictable policy shifts. Given this, China will be in a better position to attract foreign investors who use ...
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