Twenty years after China’s WTO accession, a road to win-win situation (open talks)

  Since its establishment, the World Trade Organization (WTO) has made positive contributions to improving international trade rules, regulating international trade behavior, promoting the development of international trade, and providing a systematic adjudication platform to resolve trade disputes.

After China’s accession to the WTO, it has not only accelerated its own economic and social development, but also brought huge opportunities to the world economy and global market players: from the corporate governance system in line with international standards, to actively participating in the international industrial chain supply chain division of labor; and then from China Manufacturing and serving global consumers, and releasing "import dividends" to the super-large domestic market...In the past 20 years, China has embarked on a real win-win path.

  China firmly fulfills its "WTO" commitments.

China’s overall tariff level has dropped from 15.3% in 2001 to 7.4%, which is lower than the 9.8% WTO commitment. The average tariff level of agricultural products is much lower than the average level of WTO members.

In the “WTO” document, China promised to open up to 100 sub-sectors in 9 categories, but it actually opened nearly 120 sub-sectors.

The Chinese central government has cleaned up more than 2,300 laws and regulations, and local governments have cleaned up more than 190,000 laws and regulations, stimulating market vitality.

A series of policies to expand opening up have strongly promoted the integration of the world economy.

  China has seized the opportunity, and its economic strength and comprehensive strength have continuously stepped onto a new level.

In the 20 years since China’s entry into the WTO, China’s economic aggregate has risen from sixth to second in the world, trade in goods has risen from sixth to first in the world, and trade in services has risen from eleventh to second in the world, and foreign capital has been used. It ranks first among developing countries, and its foreign direct investment has risen from 26th to first in the world.

  China's economic boom has also benefited the world.

After 20 years, China has become the largest trading partner of more than 50 countries and regions, and the top three trading partners of more than 120 countries and regions. Its own steady development has become the "power source" and "stabilizer" of world economic growth.

China has opened its door wider and wider, taking the initiative to share China's ultra-large-scale market opportunities with the world, and has held the China International Import Expo for four consecutive years.

The current annual scale of imported goods and services is approximately US$2.5 trillion.

  The 20-year history of China’s entry into the WTO has fully proved that economic globalization is an irreversible historical trend.

At present, a century of change in the world is intertwined with the epidemic of the century, and unilateralism and protectionism are on the rise.

China supports the necessary reforms of the WTO. The purpose is to keep pace with the times and enable them to more effectively practice the purpose of opening up the market and promoting development, which will help narrow the development gap and contribute to the growth of the world economy, especially the freedom of global trade and investment. Contribute to facilitation.

From a new starting point, China will embrace the world with a more open mind and create a bright future of win-win cooperation with the world.

  (Author's unit: School of Humanities and Social Sciences, North China Electric Power University)

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