U.S. President George W. Bush welcomed China's accession to the World Trade Organization (WTO) on November 11, saying the move will lead to global economic growth.

The U.S. president also welcomed the accession of Taiwan, a Chinese province, to the WTO.

"The United States stands ready to work constructively with both economies to assist them in meeting the challenges of  implementation," Bush said in a statement in New York.

"We also look forward to the great benefits we know that greater trade will bring to all our peoples," he said in the statement. (Xinhua)