Admitting China into the World Trade Organization will help the economy on
both sides of the globe. It encourages modernization in China, which is
currently shielded from overseas competition by a system blending government
ownership with private enterprise. On this side of the Pacific, increased trade
has consistently led to increased profits for U.S. industry.
"In opening the economy of China," President Clinton explains, "the agreement
will create unprecedented opportunities for American farmers, workers and
companies to compete successfully in China's market, while bringing increased
prosperity to the people of China."