Question

Two major events that occurred in 2000 had a profound effect on China's economy. One of these is the United States's granting normal trade relations (NTR) to China on a permanent basis (PNTR). Which is the other one?

Answer 1

China's entry into the World Trade Organization (WTO) was the other major event that had a profound effect on China's economy in 2000.

Step-by-step explanation:

The other major event that had a profound effect on China's economy in 2000 was China's entry into the World Trade Organization (WTO).

China's WTO entry allowed for greater access to international markets and trade opportunities, which significantly boosted the country's export-oriented economy. It opened up new avenues for foreign investments and technology transfers, leading to increased foreign direct investment (FDI) in China.

This event marked a significant turning point for China's economy, propelling it to become the world's second-largest economy and a major player in the global trade system.