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China's entry into the World Trade Organization (WTO) in 2001 significantly opened its vast market to multinational companies, providing access to over a billion potential consumers. This integration facilitated foreign investment, reduced tariffs, and improved the business environment, making it easier for companies to operate in China. Additionally, it encouraged a more level playing field, promoting fair competition and adherence to international trade rules, which benefits global businesses seeking to expand their reach. Overall, China's WTO membership has been pivotal in reshaping global supply chains and enhancing economic interdependence.

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