China's WTO Entry Shifts Government Focus to Service-Oriented Market Economy.
China's entry into the WTO led to the gradual opening of its markets, requiring the establishment of a socialist market economy. To improve market access, the government needs to shift towards a service-oriented approach, focusing on macroeconomic control rather than microeconomic commands. This change is crucial for aligning with WTO regulations and fostering the development of a normative market economy in China.