How was joining the WTO such a major step for china?

Joining the World Trade Organization (WTO) in 2001 was a pivotal moment for China, as it marked the country's formal integration into the global trading system. This accession provided China with preferential access to international markets, leading to a significant increase in exports and foreign investment. It also necessitated substantial economic reforms, promoting modernization and efficiency within China's economy. Ultimately, WTO membership has played a crucial role in transforming China into one of the world's largest economies.