China co-operation at WTO
After the WTO finally opened its doors for China on Saturday, British authorities both in political and economic circles applauded the accession, saying they expected more opportunities and co-operation with China.
One of the most influential business newspapers, the London-based Financial Times, welcomed China's WTO entry in its commentary. It said that because China was one of the world's most robust economies at the moment, it would send a positive signal to the rest of the global economy, which is on the brink of recession. China's entry would prompt recovery, the paper said. Relevant political and businessemen also extended warm greetings to China, predicting brighter prospects in its economic development.
Sir Jeremy Hanley, UK Former Conservative Party Chairman, said: "Brave step that China is taking in joining the World Trade Organization will have a very positive effect, not only on trade relation with the United Kingdom, but also with the whole of Europe, indeed, with the whole world. "
Analysts believe China's entry to the WTO is not only important for Chinese economic development, but also for the world's trade and international relationship.
The historic event should promote China's ongoing economic reform and speed up its economic restructuring process. WTO membership is expected to provide more job opportunities in China, which in turn should boost export and import volume. China is expected to maintain its economic growth and make greater progress among Asia-Pacific countries after WTO accession. //
Spokesman for the US State Department Richard Boucher said Thursday in Washington that China's entry into the World Trade Organization (WTO) is "very important" to the United States.
"China's accession to the WTO has been very important to the United States and many other countries," Boucher told a news briefing.
He said that the United States has always seen as "a very positive step" China's integration with the world.
He also said that China's entry into "is very important for the Chinese throughout the country in opening up and giving them opportunity to trade, as well as opening up opportunities for foreign companies."
He said that China's accession to the WTO would "creates a lot of new opportunities for all of us," including China.
"The opportunity for more American exports to China is one of the things we look for as well as the transforming effect on the Chinese economy, the benefits of economic reform in China."