China makes significant global contribution since WTO accession in 2001     07/06/2018 10:29

China has made a significant contribution to the world since it joined the World Trade Organization (WTO) in 2001, People’s Daily Overseas Edition commented on July 4.

The country’s determination to further open up is once again indicated by a white paper titled "China and the World Trade Organization" released by its State Council Information Office on June 28.

17 years ago, China acceded to the World Trade Organization (WTO). This was a milestone in China’s integration into economic globalization, marking a new historic stage of reform and opening-up.

Over the last 17 years, China has been a driving force for world economic recovery and growth. The country’s entry to the WTO accelerated its own pace in reform and opening up as well as economic development, which in turn promoted the world economy in a powerful way.

In 2016, China totaled 14.8 percent of the world’s economy, 10.7 percent higher than in 2001. Since 2002, China's average contribution rate to world economic growth has reached nearly 30 percent, making the country an important driving force in the recovery and growth of world economy.

In addition, China’s foreign trade development has brought benefits to the world since its entry to the WTO. Faced with unprecedented difficulties and challenges such as the global financial crisis, China took effective measures and managed to stabilize its foreign trade.

来源:People's Daily Online     Editor:容艳君