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Opportunities and Challenges For China National Home Electrical Appliance Industry upon WTO Entry Summary With the entry WTO Chinas national home electrical appliance industry is facing innumerous opportunities and challenges as well as the old nation itself Whats our advantages where is our opportunities how to confront our challenges where is the way out we will discuss them in the following essay Key words WTO economy national home electrical appliance industry After over 20 years of consistent economic and political reform and 15 years of strenuous efforts and hard negotiations China eventually succeeded in being formally admitted into WTO at the ministerial meeting held in Qater in November 10 This would lead Chinas being a full member in early 2002 No wonder WTO accession is a historic point not only to China the worlds seventh--largest exporter and ninth largest importer in 2000 is willing to abide by the widely accepted international norms on foreign trade which will help accelerate the countys economic reform process improve the transparency and predictability of its economic system and enhance its economic efficiency and overall competitiveness1 but also to the world in large indicating a upcoming structural adjustment of global As pointed by Long yongtu Chinese chief negotiator the outcome of Chinas accession to the World Trade Organization WTO will be marked with the feature of a win--win and all--win for China and the world as well2 Chinese enterprise will benefit from improved access to foreign market and from gaining new technologies and management skills through increased contacts with foreign companies Meanwhile foreign companies protected by the WTOs principles of non--discrimination will gain from this more open large market from the unprecedented business opportunities Then what impact Chinas national home electrical appliance industry upon its WTO entry First of all lets take a look at its advantages which will be in the following aspects 1Better--developed foundation compared to other industries Thanks to
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