Jungsoo Lee, ADB chief economist, agreed with Shin, saying that China's entry into the WTO will have a good impact on itself as well as the rest of the world. M. Quibria, assistant chief economist of the ADB, said that after China joins the WTO it will have access to foreign entities, which can bring in new technologies and new practices. These things will influence the efficiency of Chinese industry and help promote the competitiveness of Chinese products, he said. To guarantee the survival of the state-owned enterprises after China's entry to the WTO, he suggested the Chinese government strengthen the social safety net. What you face in the short term for industrial restructuring is unemployment.
Pension reform is a very important aspect.
He also suggested the Chinese government improve the competitiveness of China's agricultural sector. However, he said, he was pleased to see that the Chinese government is shifting attention towards west, adding that the ADB will continue supporting the infrastructure sector in western China.