Ministry Of Commerce: China'S Consumption Has Entered The New Gold For Ten Years &Nbsp, With An Average Annual Growth Rate Of 15%.
"Ten years after WTO entry. Domestic consumption in China With an average annual growth rate of 15%, China will further expand its openness in the next ten years and maintain a 15% growth rate.
Beijing time 28, China
Ministry of Commerce
Minister
Chen Deming
In Switzerland
Davos
The annual meeting of the world economic forum presented the above statement at a sub forum entitled "China's impact on Global trade and growth".
Chen Deming stressed that China will pay more attention to overseas investment in the future, pay more attention to expanding imports and pay more attention to the promotion of domestic consumption.
At the same time, "China will join WTO 10th anniversary as a new starting point to further expand its opening up."
Chen Deming predicted that China's imports from the international market will continue to increase rapidly in the future, and its share in international trade will further improve.
At the forum, Chen Deming summarized the 10th anniversary achievements of China's accession to the WTO with detailed data.
In the past ten years, the average tariff in China has decreased from 15.3% in 2001 to 9.8%, and 100 sectors of trade in services have been opened. China's export scale and import scale have increased by 4.9 times and 4.7 times respectively, and the gross national product has increased by more than two times.
In 2010, China became the second largest importer in the world, and the total import volume of goods trade exceeded US $1 trillion and 400 billion, accounting for 10% of the total world trade volume.
The ten years after China's accession to the WTO is one of the fastest and best periods in China's development.
Chen Deming said that in 2001, China's per capita annual income was 800 dollars, and by 2009, it had increased to 2500 dollars, and more than 200 million Chinese people were getting rid of poverty.
In addition, China has attracted about $about 700000000000 in foreign investment in the past ten years, and more than 480 of the world's top 500 enterprises have been doing business in China.
"When China joined the WTO, it accepted more stringent conditions than other developing countries.
But these constraints have made China largely avoid the damage of trade protectionism, which is conducive to the steady development of China's international trade.
On the same day, Rami, director general of the world trade organization, said at the forum that China's accession to the WTO is a win-win result for China and other countries.
For the long drawn out Doha Round negotiations, Chen Deming said that the world economy is still in a relatively difficult recovery process, so the expectations for Doha negotiations should be relatively pragmatic.
He hoped that all countries should not blame each other, but must work together to win the negotiations.
"China regards the multilateral trade rules as the basis of the new rules and supplements bilateral trade.
The Doha Round negotiations are an important part of the new rules of the new world. China will do its best to promote breakthroughs in negotiations so as to create a better environment for World Trade and promote world economic recovery. "
Chen Deming said.
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