The impact of China s accession to the WTO on the world economy

Legal Analysis: 1. Spend less money to buy imported goods. After China's accession to the WTO, tariffs will be lowered, and the entry of foreign goods into the Chinese market will be greatly reduced.

3. Exports** increased. China can obtain multilateral, stable and unconditional most-favored-nation treatment, and as a developing country to obtain special preferential treatment such as the Generalized System of Preferences, which is conducive to the diversification of the market, so that China's exports have increased greatly, and the export of textiles and apparel will benefit the most in the short term.

4. It is conducive to the introduction of foreign investment. China's domestic market, especially the service market, will be more open, the total amount of foreign direct investment will increase by a large margin, and the forms of investment will be diversified, thus greatly enlivening the investment market, expanding the scale of production, and effectively promoting China's economic development.

5. It is conducive to stimulating the competitive consciousness of Chinese enterprises. Due to the decline in imported raw materials, it is conducive to reducing the production cost of some enterprises, thereby improving their competitiveness. The pressure of competition will prompt state-owned enterprises to speed up the readjustment of their economic structure and product mix, and to speed up the process of restructuring, reorganization, integration, and merger.

6. Opportunities and challenges coexist. Joining the WTO means that it is more closely related to the world market, and the domestic economy is more susceptible to the impact of international economic development than before.

Legal basis: Article 7 (1) of the United Nations Convention on Contracts for the International Sale of Goods This Convention shall be interpreted in such a way as to take into account the international character of this Convention and the need to promote uniformity in its application and to observe good faith at the international level. (2) Any question which is not expressly settled by this Convention falling within the scope of this Convention shall be settled in accordance with the general principles on which it is based or, in the absence of such general principles, in accordance with the law applicable under the provisions of private international law.

Legal Analysis: Challenges and opportunities coexist with China's accession to the WTO.

Pros: 1It has brought a huge market to Chinese enterprises.

2.It is easier for foreign enterprises to enter China, so that domestic enterprises can more deeply understand and learn advanced management systems, management experience, marketing concepts, science and technology, corporate culture, etc. 3.

The entry of foreign-funded enterprises has cultivated a large number of outstanding engineering and technical personnel and management personnel for China. 4.It offers unprecedented opportunities for China's economic growth.

Cons: 1In the face of fierce competition in the world market, some enterprises with weak technology accumulation and less capital are facing an unprecedented crisis, many small and medium-sized enterprises are either merged or closed down, and a large number of young and middle-aged workers are facing the risk of unemployment in a short period of time.

2.China's economy is largely affected by the world economic situation, and China's economic autonomy has shrunk. 3.

The accelerated influx of cheap goods made in China into the international market has intensified the friction between China and many countries, and many countries will suppress China's economy in many ways.

Legal basis: Article 18 of the Constitution of the People's Republic of China The People's Republic of China allows foreign enterprises and other economic organizations or individuals to invest in China and engage in various forms of economic cooperation with Chinese enterprises or other economic organizations in accordance with the provisions of the laws of the People's Republic of China. Foreign enterprises and other foreign economic organizations, as well as Sino-foreign joint ventures, in China must abide by the laws of the People's Republic of China.

Their legitimate rights and interests are protected by the laws of the People's Republic of China.

Protocol of Accession of the People's Republic of China Article 1 General Situation 1Since its accession, China has acceded to the WTO Agreement in accordance with Article 12 of the Agreement and has thus become a member of the WTO.

China's accession to the WTO will help expand China's exports. "WTO accession"After that, the more than 100 members of the WTO will grant China the most-favored-nation status, and there will be no need to face the annual criticism of the United States on the issue of most-favored-nation status, and China's exports are expected to increase by a large margin.

Second, China's accession to the WTO will help China participate in world competition under equal conditions and will be conducive to the development of China's socialist market economy. After the implementation of national treatment for foreign businessmen, it will be conducive to improving China's investment environment and attracting investment.

It is beneficial for foreign capital to envy and improve the management level, technical level and vitality of enterprises.

Third, after joining the WTO, China, as a full member of the WTO, will be able to directly participate in the decision-making process of international rules in the 21 st century, get rid of the unfavorable situation of others formulating rules and China passively accepting them, and participate in the formulation of rules, which will help reflect China's legitimate rights and interests. At the same time, international disputes can be submitted to the WTO's arbitration organ to be handled without unfair punishment.

Fourth, after joining the WTO, the major major countries among the WTO members will have to reduce and cancel the different degrees of discriminatory measures imposed on China's textiles and other commodities.

Fifth, after China's accession to the WTO, China's import tariffs will be lowered, which will help the people improve their living standards.

Of course, joining the WTO will also bring some pressures and challenges, such as bringing greater competitive pressure to some domestic enterprises. However, experts pointed out that these pressures will prompt enterprises to accelerate technological transformation, improve management, improve product quality, and continuously improve their competitiveness in the global economic environment, entering a virtuous circle.

In short, in today's increasingly globalized economy, joining the WTO is an inevitable choice for China to integrate into the world economy.

Legal analysis: 1. It is conducive to China's participation in international economic cooperation and international division of labor, and promotes economic development;

2. It is conducive to expanding exports and utilizing foreign capital, and participating in international competition under equal conditions;

3. It is conducive to promoting technological progress, industrial upgrading and economic restructuring, and further improving the socialist market economic system;

4. It is conducive to reform and opening up, the development of the socialist market economy and the improvement of people's living standards;

5. It is conducive to promoting the growth of the world economy;

6. It is also conducive to directly participating in the decision-making process of international rules in the 21st century, getting rid of the unfavorable situation of others formulating rules and China passively accepting them, so as to safeguard legitimate rights and interests.

Legal basis: Foreign Affairs Law of the People's Republic of China

Article 4: The State implements a unified foreign affairs system, encourages the development of foreign affairs, and maintains a fair and free foreign affairs order.

Article 5 The People's Republic of China, in accordance with the principle of equality and mutual benefit, urges the People's Republic of China to develop relations with other countries and regions, conclude or participate in regional economic agreements such as customs union agreements and free zone agreements, and participate in regional economic organizations.

Article 6 The People's Republic of China shall, in accordance with the international treaties and agreements it has concluded or acceded to, accord most-favored-nation treatment and national treatment to other contracting parties and participants, or give the other party most-favored-nation treatment or national treatment in accordance with the principles of reciprocity and reciprocity.

Article 7: Where any country or region adopts discriminatory prohibitions, restrictions, or other similar measures against the People's Republic of China in terms of respect for the People's Republic of China, the People's Republic of China may take corresponding measures against that country or region on the basis of actual conditions.