China's entry into the WTO actually represents the result of a three-sided win-win situation - China, the United States and the WTO. China, still a developing country, has a total economic (1)_____ ranking seventh worldwide, and is the 10th largest nation (2)_____ trade worldwide. In the 21st century, China's economy will have a (3)_____ impact on the world economy. Without China, the WTO is (4)_____, and its role greatly limited. Thus, China's entry into the WTO is necessary for the WTO to realize its (5)_____, (6)_____ the United States, China's entry into the WTO will (7)_____ the general needs of the development (8)_____ and the mutual interests of Sino U.S. (9)_____ trade, and will help gradually solve the problem of huge deficits in the U.S. trade with China. As for China, through 13 years of difficult (10)_____, China has finally realized its (11)_____ of joining the WTO as a developing country: the bilateral agreement between China and the United States (12)_____ this fundamental principle. China's entry into the WTO as a developing country is of great significance, implying as it does that China will enjoy, according to law, a developing country's preferential arrangements, protection of export subsidies for its embryonic industries, as well as (13)_____ stipulations(协定) in the tariff system. For example, China will retain for a six-year period a 25 percent import tax rate for its auto industry in the agriculture sector, most of markets (wheat, maize, rice, cotton, sugar, and fertilizer) will be franchised by the State so as to ensure the State has (14)_____ means of macroeconomic control, thereby (15)_____ farmers' interests and the banking sector will gradually open during a transitional period. Moreover, in some sectors, the markets will still remain closed, or, at least, the opening of these markets has to be specifically (16)_____ by the Chinese government. Only developing countries have the right to enjoy the above- mentioned buffer opportunities. The Sino-U. S. agreement further contains no (17)_____ prohibiting China from adopting WTO exceptional clauses instead, China can adopt exceptional clauses which are exclusively (18)_____ to developing countries. This objectively recognizes that China enjoys status of a developing country and means that China can adopt such exceptional clauses as protection of its infant industries. Should its domestic markets be seriously affected or harmed by external factors? China can adopt temporary measures to compensate. In short, China's (19)_____ to the WTO as a developing country ensures that China's (20)_____ to the WTO are compatible with its current development level, thus greatly reducing the negative effects to China's industries resulting from its entry into the WTO.