The overall impact of China s accession to the WTO on China s introduction of foreign capital 30

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. In this way, we can not only effectively crack down on smuggling, but also enjoy more, more advanced and more convenient "imported goods".

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 falling within the scope of this Convention which is not expressly settled by 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 applicable law of private international law.

1. Overall benefits: China's accession to the WTO will enable China to obtain greater efficiency gains in transportation fiber, which can promote market competition and the introduction and absorption of technology, which is conducive to the improvement of technological level and productivity.

2. Structural adjustment: The overall economic efficiency gains are not evenly distributed among various departments, and joining the WTO will lead to a relatively large structural adjustment.

3. Labor transfer: Structural adjustment will inevitably bring corresponding adjustment costs. The transfer and substitution of labor between sectors is likely to be the most important adjustment cost.

4. Income distribution: It is worth noting that although WTO accession has promoted economic growth and brought greater benefits to China as a whole, the income distribution situation may deteriorate as a result, and this is mainly reflected in the further widening of the gap between urban and rural areas.

5. Regional disparities: WTO accession may lead to further expansion of regional disparities.

6. Fiscal revenue: The simulation results show that Hu Wuming's accession to the WTO has promoted the growth of the overall economy.