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December 11th, 2001, 15 years after its Application, China began to be a regular member of WTO successfully. On the General Agreement between China and other WTO members, the government of China made a lot of promises on market-opening in service industry, tariff-falling, non-tariff barrier removing, equal opportunity in economic activity for all the home and overseas enterprises, etc. At first, most people in China were encouraged for earning a more free and huge overseas market. Because most restrictions to Chinese enterprises has being removed. But some people in China were worried about being a member of WTO because of having a more competitive domestic market for many industries less of competition. In order to dealing with the new economic environment better and strengthening domestic enterprises' competitive, the government of China adjusted its industrial policies an its industrial structure, smoothed the domestic environment for economic activities following the WTO principles. Basing on the proper adjustment for being s member of WTO, China made a big progress on economic growth in 5 years. In the year of 2001-2006, China gained a over-10%-growing in GDP. The total value of imports and exports in 2006 is 3 times more than the one in 2001. 19 enterprises joined the world's
biggest 500 in 2006, 8 more than in 2001. On the other hand, after the 5-year transitional period there will be more challenges for Chinese economies.