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China

China's WTO Entry to Boost Global Trade and Economic Cooperation

Strategic Insights

— 1 min read

Chinese Premier Zhu Rongji believes that joining the World Trade Organization (WTO) will accelerate China's economic and trade cooperation with other Asian countries, as well as promote global trade. In a meeting with Singaporean Senior Minister Lee Kuan Yew, Zhu outlined China's preparations for WTO entry, highlighting the country's commitment to equality and mutual benefit in its economic relations. Lee, who arrived in Beijing for a working visit, expressed his congratulations on China's progress in WTO negotiations, noting that early entry into the WTO will facilitate China's integration with the global economy.

Key Takeaways:

  • China's WTO entry is expected to boost global trade, with Chinese Premier Zhu Rongji citing its potential to promote the country's economic and trade cooperation with other Asian countries.
  • China is fully prepared to accelerate its opening-up drive, with Zhu stating that the country will promote its economic and trade relations with other countries on the basis of equality and mutual benefit.
  • Singaporean Senior Minister Lee Kuan Yew expressed his congratulations on China's progress in WTO negotiations, highlighting the importance of early entry into the WTO for China's integration with the global economy.
  • The two leaders exchanged views on other issues of mutual interest, discussing the opportunities and challenges facing China in its WTO bid.
  • Lee will also attend the 21st Century Forum--Conference 2000 sponsored by the National Committee of the Chinese People's Political Consultative Conference.
  • China is satisfied with the remarkable progress in bilateral cooperation in various fields since the establishment of diplomatic relations between China and Singapore ten years ago, with Zhu attributing this progress to Lee's efforts.

Statistics:

  • China's economic situation was briefed to Lee by Zhu, but no specific statistics were provided.
  • The 21st Century Forum--Conference 2000 is scheduled to take place in Beijing during Lee's stay.
  • The two-day conference is sponsored by the National Committee of the Chinese People's Political Consultative Conference.

Sources:

  • XINHUA News Agency
  • COMTEX (http://www.comtexnews.com)

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