Xinhua Headlines: China's WTO entry a benefit to the world

Source: Xinhua| 2018-06-28 23:38:51|Editor: Mu Xuequan
Video PlayerClose

Xinhua Headlines: China's WTO entry a benefit to the world

Aerial photo taken on May 4, 2018 shows the Qianwan Container Terminal in Qingdao, east China's Shandong Province.(TO GO WITH Xinhua Headlines:China's WTO entry a benefit to the world ) (Xinhua/Guo Xulei)

by Xinhua writers Wang Hongjiang, Wang Xiuqiong, Lu Yun

BEIJING, June 28 (Xinhua) -- Seventeen years on, China's entry into the World Trade Organization (WTO) has proven to be a boost to the multilateral trading system and a great benefit to the world.

Instead of being a winner-takes-all player, China has reciprocated while benefiting from the WTO entry in 2001, providing huge opportunities for both developed and developing countries.

"The allegation that China benefited [from the WTO accession] while others suffered is far from the truth," Vice Minister of Commerce Wang Shouwen said at a press briefing on a white paper titled "China and the World Trade Organization" on Thursday.

Calling China's WTO accession a milestone in its integration into economic globalization, the white paper said China has comprehensively fulfilled its commitments to the WTO, substantially opened its market to the world, and delivered mutually beneficial and win-win outcomes on a wider scale.

"Through these efforts, China has lived up to its responsibility as a major country," said the white paper.

OPPORTUNITIES, NOT LOSSES, FOR WORLD

No WTO member has suffered economically due to China's accession, Wang said.

He gave the example of growing U.S. exports to China, which surged from 26 billion U.S. dollars in 2001 to nearly 150 billion dollars last year as China became the third biggest market for U.S. exports, up from the 11th in 2001.

In 2001, China paid 1.9 billion dollars in royalties to other countries for use of intellectual property. In 2017, the royalties it paid to the United States alone stood at 7.1 billion dollars, Wang told reporters.

China's accession also brought benefits to developing countries. Wang said the country has given zero tariff treatment on 97 percent of tariff lines to the least-developed nations that have diplomatic relations with China.

"China has become the biggest export market for these least-developed countries, accounting for 20 percent of their total exports," Wang said.

China has contributed nearly 30 percent on average per annum to global economic growth since 2002, he said.

During the financial crisis, the country's efforts to stabilize the value of the yuan and promote foreign trade further demonstrated its role as a main stabilizer and powerhouse for the world's economy, he said.

MULTILATERAL OR UNILATERAL?

China firmly observes and upholds the WTO rules, and supports the multilateral trading system, with the WTO at its core.

"China had an impeccable record in implementing the WTO rulings," said Wang, noting that the country is "by no means a unilateralist," and does not pressure others with its power. Instead, China always turns to the WTO to solve disputes.

By April 2018, China had brought 17 disputes to the WTO, of which eight have been concluded. Meanwhile, it filed complaints in 27 disputes, of which 23 have been concluded, according to the white paper.

"None of the complainants has requested for retaliation against China," said Wang, adding that China stands firm in supporting multilateral rules.

In recent years, surging tides of anti-globalization, coupled with rising protectionism and unilateralism, have posed severe challenges to the multilateral trading system.

"China and the multilateral trading system stand together through thick and thin," said the white paper.

China has participated fully in the Doha Round negotiations, having submitted or co-sponsored more than 100 negotiation proposals, it said.

"China will continue to fulfill its commitments, comply with rules, actively participate in the improvement of the multilateral trading system, and give firm support to the WTO in playing a greater role in global economic governance," said the white paper.

A RELIABLE PLAYER

After its accession, China launched major efforts to review and revise relevant laws and regulations, involving 2,300 laws, regulations, and departmental rules at central government level, and 190,000 policies and regulations at sub-central government levels, covering trade, investment, and IPR protection, amongst others, according to the white paper.

"To fulfill commitments on trade in goods, the country has substantively reduced import tariffs and significantly lowered non-tariff barriers. By 2010, China had fulfilled all of its tariff reduction commitments, reducing the average tariff level from 15.3 percent in 2001 to 9.8 percent," said Wang.

Afterwards, China voluntarily slashed its import tariff rates on an interim basis many times. "In 2015, China's trade-weighted average tariff was reduced to 4.4 percent, fairly close to 2.4 percent of the United States and 3 percent of the European Union," he said.

By January 2005, in accordance with its commitments, China had eliminated import quotas, import licenses, specific import tendering requirements, and other non-tariff measures with regard to 424 items such as automobiles, machinery and electronics products, and natural rubber.

"China has not only fulfilled its WTO entry commitments, but also pushed itself to go much further in the scope and depth of opening up," said Song Hong, a researcher with the Chinese Academy of Social Sciences.

MARKET ECONOMY OPENING WIDER

Fulfilling China's WTO commitments has never been the end point of its opening-up.

In the face of the overwhelming trend of economic globalization and its winding path, China keeps pace with the times, takes firm steps to expand opening-up, and makes continuous efforts to open up in a more comprehensive, profound and diversified way, with a view to achieving greater mutual benefit and win-win outcomes, said the white paper.

In 2014, China issued an official document on furthering trade policy compliance with WTO rules, requiring all levels of government to assess proposed trade policies in accordance with WTO agreements and China's commitments.

"We have worked hard to straighten out the relationship between government and the market to give the latter a decisive role in resources allocation and to better tap into the role of the government, continuously improving the socialist market economy system," said Wang.

A more open China will provide the world with more investment opportunities, said Niu Li, an economist with the State Information Center.

In the next five years, it is forecast that China will import 8 trillion U.S. dollars worth of goods and attract overseas investment of 600 billion dollars, according to Niu.

As economic globalization is an irreversible trend, China will neither slow nor stop its opening-up steps, said Liang Yanfen from the Chinese Academy of International Trade and Economic Cooperation.

   1 2 3 4 5 6 Next  

KEY WORDS: WTO entry
EXPLORE XINHUANET
010020070750000000000000011105091372878681
大发彩票 大发app 凤凰彩票app 乐发iv游戏平台 凤凰彩票大厅 乐发彩票 乐发彩票app下载 大发彩票 乐发v官网 乐发lll 乐发lv入口 乐发iv首页 乐发ll登录 凤凰彩票大厅 乐发官网 乐发ii下载入口 乐发ll 乐发v平台 乐发v官网 乐发lll 乐发lv入口 乐发iv首页 乐发ll登录 乐发lv 乐发lll安装 乐发lv 乐发登录入口 乐发iv游戏平台 凤凰彩票登录 网信彩票 彩神 彩神彩票官方网站 彩神彩票官网首页 彩神官方app下载安卓版 凤凰彩票登录 彩神v3 凤凰彩票app下载 彩神官方app下载安卓版 网信快三 一分快3 快三彩票购彩平台 凤凰彩票官方 快3官网 网信彩票 快3app 网信彩票平台 百姓彩票平台 网信平台官网 快3app下载 百姓彩票 每日彩票 快3app 百姓彩票 每日彩票 快3app 百姓彩票平台 幸运5分彩快3 快3彩票app下载 百姓彩票网站网址 大发10分PK10 快3下载 网信彩票平台 网信平台官网 快3彩票官网app 凤凰彩票官方 彩神彩票 大发10分PK10 彩神v3 大发彩票app下载 百姓彩票网站网址 彩神购彩平台 每日彩票 官方正规快三彩票平台 彩神彩票购彩平台 百姓彩票 凤凰彩票购彩平台 凤凰彩票app下载 彩神官方app下载安卓版 网信快三 一分快3 快三彩票购彩平台 凤凰彩票官方 彩神彩票 大发10分PK10 彩神v3 凤凰彩票登录 乐发lv 乐发∨Il 百姓彩票网站网址 乐发彩票 乐发彩票官方网站 乐发lll安装 百姓彩票网站网址 凤凰彩票app下载 大发10分PK10 乐发2 乐发app 凤凰彩票 大发彩票app 乐发登录入口 乐发ll登录 乐发v官网 乐发官网 大发彩票app下载 凤凰彩票购彩平台 彩神彩票 官方正规快三彩票平台 一分快3 百姓彩票网站网址 凤凰彩票app下载 大发10分PK10 乐发2 乐发app 凤凰彩票 大发彩票app 乐发登录入口 乐发ll登录 乐发v官网 乐发官网 大发彩票app下载 凤凰彩票购彩平台 彩神彩票 官方正规快三彩票平台 1分快三平台 百姓彩票平台 凤凰彩票登录 幸运5分彩快3 彩神 乐发彩票 乐发 大发彩票 乐发iv游戏平台 乐发lv 乐发lll 乐发ii下载入口 乐发彩票官方网站 凤凰彩票官方网站 凤凰快3 彩神彩票官网首页 1分快三平台 百姓彩票平台 凤凰彩票登录 幸运5分彩快3 彩神 乐发彩票 乐发 大发彩票 乐发iv游戏平台 乐发lv 凤凰彩票app 乐发app 网信彩票平台 网信彩票平台 乐发iv游戏平台 凤凰彩票app 乐发lv 乐发彩票app下载 凤凰彩票app 网信彩票平台 乐发彩票app下载 乐发lv 乐发app 大发彩票安卓下载 大发彩票安卓下载 大发彩票 乐发彩票app下载 网信彩票平台 乐发iv游戏平台 彩神彩票 乐发彩票中心 极速快3彩票平台 人人快三凤凰 大发彩票app 大发彩票大全 乐发彩票 彩神彩票官方网站 乐发app 酷天堂彩票平台 凤凰彩票app下载 凤凰彩票大厅 凤凰彩票app 极速快3彩票平台 凤凰彩票 凤凰快3 乐发ll官网 乐发彩票中心 正规快三送彩金平台 凤凰彩票官方 乐发ll 乐发 网信彩票 彩神彩票 彩神彩票官方网站 大发彩票app 网信彩票用户 百姓快三 百姓彩票平台 乐发lv 乐发彩票app下载 彩信平台 网信彩票 乐发彩票官方网站 乐发∨Il 人人快三凤凰 凤凰彩票 凤凰快3 乐发ll官网 乐发彩票中心 正规快三送彩金平台 凤凰彩票官方 乐发ll 乐发 网信彩票 彩神彩票 彩神彩票官方网站 人人快三凤凰 乐发彩票 彩神彩票 乐发iv游戏平台 乐发彩票 大发彩票中心 凤凰彩票登录 凤凰彩票app 彩神彩票 大发彩票 乐发ll 大发彩票app 凤凰快3 凤凰彩票 彩神彩票 乐发ll 凤凰彩票 乐发lll 凤凰彩票大厅 网信彩票 彩神彩票 乐发lv 快盈彩票 乐发彩票官方网站 盈彩网投资平台 大发官网 一分时时彩 乐发lv 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 大发彩票 极速快3 乐发app 大发官网 乐发lll 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 大发彩票 极速快3 乐发app 彩神iv 大发彩票app 大小单双平台 一分pk10 乐发lv 快盈彩票 乐发官网 快彩彩票 百姓彩票 凤凰彩票大厅 网信彩票 乐发彩票中心 网信快3 乐发 彩神xl 三分快3 大发彩票 大发官网 乐发lll 快3平台 凤凰快3 乐发ll 全民彩票 乐发彩票官方网站 百姓彩票 乐发彩票 乐发彩票官方网站 大发彩票 乐发 分分快3 彩神vl 55世纪 55世纪 凤凰快3 乐发彩票 乐发lv welcome凤凰彩票 乐发ll 1分快3 彩神 彩神ll 1分快3官网 1分快3的平台 welcome凤凰彩票 三分快3 彩神x 彩神vl 凤凰彩票 彩神xl 大发彩票 凤凰彩票大厅 乐发官网 乐发ll 乐发lll 乐发lv 大发彩票app 大发彩票 乐发 乐发彩票 乐发彩票中心 凤凰快3 乐发彩票 彩神xl 腾讯快3 大发彩票 彩神xl 大发彩票 乐发彩票 大发彩票app 快3平台 乐发 1分快3 乐发彩票 彩神x 凤凰快3 彩神xl 彩吧助手 大发彩票app 快3平台 大发排列3 彩神iv 彩神vl 乐发IV 彩神x 一分pk10 大发排列3 乐发lv 快3彩票 乐发app下载 三分快3 快三平台助手 乐发彩票ll 彩神iv 乐发lll下载 盈彩网投资平台 乐发Ⅲ 一分pk10 凤凰彩票 乐发Vll 大发官网 乐发ll 大发彩票 乐发1 凤凰快3 彩神vl 乐发lx 百姓彩票 乐发VI 彩神x 乐发IV 极速快3 乐发 凤凰快3 网信快3 乐发lv 快3彩票 乐发app下载 三分快3 快三平台助手 乐发彩票ll 彩神iv 乐发lll下载 盈彩网投资平台 乐发Ⅲ 凤凰彩票大厅 乐发lv 乐发lv 乐发lv 凤凰彩票 大发彩票 大发彩票 凤凰彩票 乐发lv 凤凰彩票 凤凰彩票 乐发lv 乐发ll 凤凰彩票app下载 凤凰彩票 凤凰彩票 乐发lv 乐发ll 凤凰彩票app下载 凤凰彩票 凤凰彩票 乐发lv 彩神x 乐发 乐发ll 极速快3 乐发lv 乐发彩票中心 快3彩票 凤凰彩票大厅 彩神x 凤凰彩票app 分分快3 网信彩票 网盟彩票 凤凰彩票 百姓彩票 乐发 快彩彩票 乐发彩票 快3平台 百姓彩票 大小单双平台 凤凰快3 彩神xl 一分pk10 乐发lv 三分快3 大发彩票 乐发彩票 快3平台 百姓彩票 大小单双平台 凤凰快3 彩神xl 一分pk10 乐发lv 三分快3 大发彩票 极速快3 乐发ll 网信彩票 乐发lv 全民彩票 凤凰彩票app下载 快盈彩票 大发彩票app 大发官网 凤凰彩票 彩神iv 大发彩票 网信快3 凤凰彩票 百姓彩票