tages also rose from the entry to WTO. The most significant one is the increase of challenges with the increase of inflow of the products and services trade into the domestic market because of the reduced tariffs. Also, government and enterprises has to make various adjustments in economic management which may affect the efficiency. In this essay, disadvantages appeared in several industries: agriculture, finance, IT, automobile and, minerals and mining industry in China will be discussed.
             Agriculture sector is always one of the major business sectors in China because of the high population and major contribution to China's gross domestic profit (GDP) each year. It is believed that the entry to WTO impacted agriculture industry the most. On the side of consumers, positive impacts raise because of more choice, better qualities and lower price. However, for the local industry, impacts are extremely serious. In the past, local agriculture industry was protected by the central government which applied high tariffs barriers and informal barriers to foreign exporters. The industry was largely dominated by a number of monopolistic import agencies responsible for approving and administering for end users. However, these barriers have to be reduced after the entry to WTO. As a result, local industries will face serious challenge from the increase in import of agriculture commodities. This may bring effect to GDP and gross net profit (GNP) of China since the monopolistic agencies may not enjoy the price control anymore.
             Secondly, WTO entry would make it more difficult to achieve the plan of cutting down China's warehouse stockpile of grains by 200 billion kg through export; therefore, it is negative for maintaining the long-term stable grain production level. Under pressure from grain import, domestic grain production will come down and affect the revenues of the central western regions of China, which are traditional grain producing are...