Facing The Challenges from WTO
...ic financial income will be 1.88% to 5.64%.Obviously, it will benefit to the solution of public financial predicament. The influence of financial cost ĦĦĦĦThe cost of the social guarantees will increase widely.Through the 50 years' development,the economic power of China has improved obviously.At present,the GDP of China stands seventh on the list of the world,and the amount of foreign exchange arrive at 155 billion USDs.But at the same time,China is now facing the problem of deflation.The national corporations are continuedly to the bad.There is a large gap with the developed countries in car manufacture,petroleum,telecommunication,bank,insurance,food puducing etc.These industies will meet with great impact after joining the WTO,and there will be a large quantity of unemployment.Moreover, what many multinational companies need is employees with high diathesis and high education , but we can't currently tally with that requirement completely. As a result,there will be a large number of "construction unemployed".In order to solve the problem,we must enlarge the devotion of education which makes a large quantity of financial cost.This is the only way to get rid of the pain caused by joining WTO immediately,and this is also the only way to make China compete with other countries.Therefore,in order to ensure process of economic development,we should have a good preparation for the social finance,and if necessary,we can take the taxation of social guarantee. Preparation for Challenges Premier Zhu urged governments all levels to make full use of the transitional period allowed by WTO rules to prepare for the coming challenges. China must also make full use of its rights bestowed to it by the WTO, the premier said. The status of most favorite nation and national treatment which China will gain from all other WTO members will offer a chance for the country to expand its exports and implement its "go-out" strategy, he said. China must seize the chance to expand its export, optimize the structure of its exports, attract more foreign investment, and encourage ...