Report: China's entry WTO sparks rapid economic expansion

    WASHINGTON, Dec. 11 (Xinhua) -- China's entry into the World Trade Organization five years ago has sparked an economic expansion that is the envy of the world, said a report carried by Monday's The Wall Street Journal.

    "China's WTO entry did what officials inside and outside the country were hoping it would -- increase trade and make markets more competitive," the report said. Full story>>> 

    U.S. benefits significantly from China's entry into WTO

    WASHINGTON, Dec. 11 (Xinhua) -- A U.S. government report said on Monday that the United States has benefited "significantly" from China's entry into WTO during the past five years.

    "The United States -- including U.S. workers, businesses, farmers, service providers and customers -- has benefited significantly from these steps (by China) and continue to do so as U.S.- China trade grows," said the annual report released by the U.S. Trade Representative Office (USTR).Full story>>> 

    Chinese weigh pros and cons of 5 years into WTO

    NANJING, Dec. 11 (Xinhua) -- China marked five years of World Trade Organization (WTO) membership on Monday with new regulations opening the financial sector to foreign banks coming into effect, while business people and economists counted the pros and cons of freer trade.

    Once branded a "threat to financial security," the entry of foreign banks into Renminbi business has sparked curiosity about what new products and services will become available to Chinese customers and whether new management mechanisms will affect the market. Full story>>> 

    BEIJING, Dec. 11 (Xinhua) -- A senior official said on Monday that China had fully fulfilled its commitments to the World Trade Organization (WTO) on opening up its capital markets.

    "As an emerging market, China not only made great commitments to opening up its securities industry upon its entry into the WTO, but also fully fulfilled those commitments," said Liu Xinhua, chairman assistant of China Securities Regulatory Commission (CSRC). Full story>>>

    Ambassador: China has faithfully implemented WTO obligations

    GENEVA, Dec. 10 (Xinhua) -- China has made great efforts to faithfully implement its obligations in the World Trade Organization (WTO) since it joined the body five years ago, Chinese Ambassador to the WTO Sun Zhenyu has said.

    Since 2001, China has reviewed more than 2,000 trade-related laws and regulations, abolishing over 700 of them and amending others to bring them into full compliance with its commitments, Sun told Xinhua ahead of the five year anniversary of China's WTO entry, which falls on Monday.Full story>>>