China became a full member of the WTO on 11 December 2001. China has not only increased its presence in mainstream world trade but has gained knowledge about the basic rules of market economies and become more adaptable to changes in the international economy. As a new member of the WTO, being adaptable to changes in the international economy is essential. As a large developing country, China, with its rapid economic growth, huge volume of trade and substantial market potential, has exerted and will continue to exert profound influence on the world economy. It is commonly recognized that China’s influence cannot be ignored in the world economy. Five years since its accession to the WTO, China is considering where it stands as a member of the WTO. What does China hope to achieve by being a member of the WTO, how can these hopes be shared among all trading partners, what is China’s responsibility in this, and what are the responsibilities of other trading partners? China has a full member of the WTO on 11 December 2001. China has not only increased its presence in the mainstream world trade but has gained knowledge about the basic rules of the market economies and become more adaptable to changes in the international economy. As a new member of the WTO, being adaptable to changes in the international economy is essential. As a large developing country, China, with its rapid economic growth, huge volume of trade and substantial market potential, has exerted and will continue to exert profound influence on the world It is commonly recognized that China’s influence can not be ignored in the world economy. Five years since its accession to the WTO, China is accounted where it stands as a member of the WTO. What does China hope to achieve by being a member of the WTO, how can these hopes be shared among all trading partners, what is China’s responsibility in this, and what are the responsibilities of other trading partners?