CHINA – PROS AND CONS UPON JOINING THE WTO
... of the gains which r too big to ignore. 3. Estimated accession will bring China $100billion of extra investment per year and enable its economy to grow 1% faster/ add 1% to its economy growth thanks to improved/ enhances efficiency. High-tech and biotech companies will be well off. Within the next 5 years, 5 million new jobs will be generated by the textile industry; 2,6 million by the service industry and 1m by construction. 4. Achieving the above growth, nevertheless, depends on whether China is serious in following through its commitments, and on investors’ confidences in its reforms. The deal that China open various/ a variety of sectors, including telecommunication, internet services, banking, stock markets and distribution channels. In addition, China has to reduce its import-tax from 22% to 17% and phrase out/wipe out its export subsidies. 5. For the 1st time, Western companies directly sell products to Chinese consumers. Computer manufactures are facing headaches due to/ because of quotas and tariffs on accessory & obstacles/hindrances in distribution with the WTO. They can now think of expansion. 6. There is also hope/ are also hopes for Americ...