China enters new stage of opening up
Long said, "WTO accession marks that China has entered the new stage of opening up. That's a new start for China to further opening up and participate in the globalization as well as a new start to deepen reform and better the socialist market economy structure. China will keep fast to its policy of opening up and further strengthen economic and technological exchanges and cooperation with other countries and areas to promote the development of the world economy."

Changes will mainly lie in the following three aspects:

Good economic environment coming
First, China's economic development and international cooperation will embrace good international economic environment. The commitments made by China for its entry into the WTO indicates that China will deal with foreign trade in line with international common practices. Moreover, China is going to establish a responsible image in front of the world by a further opening its market, which is of great importance in improving China's business and investment environment.

Restructuring of mechanism
Second, it will help China build up a mechanism to better meet the demand of the socialist market economy. Three factors are required by the mechanism: First, it is a stable, transparent and predictable law system. China is improving its external law and rule system according to the demand of the WTO and its commitments. Second, an incorruptible, high-efficient and standard political system will be set up in line with the demand of the socialist market economy. Third, a more fair, favorable and orderly market environment will be created.

Policy system to be more open
Third, the policy system will be more open. In this regard, as promised, the Chinese government has cut down tariff from 15.3% in 2001 to 12%, and cancelled many products' import quota license management, which will bring an overall and predictable opening system for China.

Long concluded that China will strengthen economic cooperation with the world after its entry into the WTO due to the remarkable changes in the international environment and China's mechanism and policies. Economic cooperation between China and other countries is going to be conducted in a more favorable environment.