China's entry into the WTO actually represents the result of a three-sided win-win situati

on—China, the United States and the WTO. China, still a developing country, has a total economic capacity (1)_____ seventh worldwide, and is the 10th largest nation (2)_____ trade worldwide. In the 21st century, China's economy will greatly (3)_____ the world economy. Without China, the WTO is (4)_____, and its role greatly (5)_____ Thus, China's entry into the WTO is necessary for the WTO to (6)_____ its universality. (7)_____ the United States, China's entry into the WTO will realize 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 negotiations, China has finally realized its (10)_____ of joining the WTO as a developing country: the bilateral agreement between China and the United States (11)_____ this fundamental principle. China's entry into the WTO as a developing country is (12)_____ great significance, implying as it does that China will enjoy, according to law, a developing country's preferential arrangements, protection of and export subsidies for its embryonic industries, as well as elastic stipulations in the tariff system. For example, China will (13)_____ 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, there by (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 obligations to the WTO are (20)_____ with its current development level, thus greatly reducing the negative effects to China's industries resulting from its entry into the WTO.

A．bending

B．ranking

C．deciding

D．prevailing