In 1979, Nanjing's GDP was 3.9
billion RMB, by the year 2000, it had multiplied 26 times to 102
billion RMB, nothing better then this that can point out the
importance of reform and opening markets. China's entry into the
WTO is, at its nature, an increase in the speed and vigor of
reforms and market openings, simultaneously globalizing and
legitimizing China markets and market regulations. Deng
Xiaoping's twenty years of reform served to bring a closed door
China into the rest of the world, and the entry of China into
the WTO represents China's wholehearted commitment to become
more a part of the world community, it is the first step on a
long march to becoming a comprehensive, integral part of the
world economy.
Along with the rest of China, Nanjing has overcome the
difficulties and dangers of the last twenty years to reinvent
itself as a new, fast paced developing city. As with her
experience over the last twenty years, joining the WTO will
bring many predicted and undoubtedly many unpredicted
difficulties to Nanjing. However, experts agree that increased
openness to the outside world will bring about unmatched
opportunities for long-term development.
Here we will explore the probable effects of the WTO on
Nanjing's economic development and major industries according to
the general trend of the development of Nanjing during the end
of the 20th century.