Why China Strived to Access Wto?

China wanted to join the WTO because it would allow China access to new trading partners and better rates with current ones, raising prospects for improved living standards domestically and giving China a seat at the table in a globalizing world.

How does China benefit from WTO?

Since entering the WTO in 2001, China has benefited from WTO rules that lower tariff and nontariff barriers to trade for all WTO members and that prevent WTO members from engaging in trade discrimination against each other.

When did China gain entrance to the WTO?

China has been a member of WTO since 11 December 2001.