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."