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Problems and countermeasures faced by China after joining the WTO

According to a report recently released by the Development Research Center of the State Council at a forum, China’s accession to the World Trade Organization (WTO) will not only It is beneficial to the country's economic development and will also have a profound impact on Chinese society. (Becoming a member of the WTO will accelerate the modernization (development) of Chinese society and will also have a positive impact on people's lives. However, in the report Noting that this may also exacerbate existing problems such as unemployment and the widening gap between rich and poor, the government is urging the drafting of special laws, regulations and policies to deal with future challenges to ease potential social conflicts and protect vulnerable groups, according to the report. Joining the WTO will inevitably accelerate the social transformation that began with the state-led reform and opening up policy in the late 1970s. With the transformation of the labor force to adapt to market demand, all classes of society will witness this huge change. When restrictions on labor migration are broken, employment patterns will change. As more and more people are employed in the service industry or private enterprises, their population will eventually exceed those working in factories, farmers and government departments. With the deepening of trade (exchanges) with other parts of the world, China should adjust its industrial structure to adapt to the new situation. The service industry and high-tech-intensive industries will witness greater glory. However, the production of capital-intensive industries will Products will face fierce competition from foreign peers. Due to changes in wealth distribution, the differentiation between social classes will become more obvious, but according to the report, China's accession to the WTO will generally have a positive impact on people's lives, a study shows (Becoming) a member of the WTO will help increase the country's GDP by 0.5 percentage points each year in the next ten years. Such economic development will provide more jobs. Lower tariffs also mean lower commodity prices and better services. The country's Joining the WTO will provide more freedom and opportunities for individuals to make choices. With the promotion of the principle of equality in the market, citizens' awareness of individual rights and laws will be strengthened.

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