Minister Of Commerce Chen Deming: China'S Accession To The WTO Is More Than Ten Years.

This year is the tenth year after China's accession to the WTO.

It has gone through the largest scale of laws and regulations in history.

After 15 years of long and difficult negotiations, China finally joined the World Trade Organization (WTO) in December 11, 2001. This year is the tenth year of China's accession to the WTO. At the same time, the Boao forum has been held for 10 years.

In yesterday's Boao forum, Chen Deming answered reporters' questions about gains and losses after China's accession to the WTO. There is no question of absolute or absolute loss in the world. There must be gains and losses in the international arena. If all decisions are based on greater than loss, we should go on.

He said that China's accession to the WTO has been developing rapidly in the past ten years, but at the same time, it has also brought environmental protection problems. But in general, it has outweighed losses and will continue along the road of greater than loss in the future.

According to Chen Deming, the average tariff in China has dropped from 15.3% to 9.8% over the past ten years.

At the same time, China has opened more than 100 service trade sectors to the world, and China has gone through the largest scale of laws and regulations in history, involving more than 3000 laws and regulations.

At the same time, statistics show that in the past 10 years since China's accession to the WTO, China's exports have increased 4.9 times, imports have increased 4.7 times, GDP has increased by more than two times, and the per capita GDP has increased from 800 US dollars to more than 4000 US dollars in 2010.

10 years ago, China invested less than US $1 billion in foreign investment, and China's overseas investment in 2010 was nearly US $60 billion.

For China's open policy in the next 10 years, Chen Deming pointed out that China's national policy of opening to the outside world will not change.

He believes that some people now say that China's pace of opening up has slowed down, and that China hopes to further open up areas that are not open, such as some services that are not yet open.

He said that we are also planning to further expand the scope of opening up, but we also hope that other countries can be open to the outside world.

He believes that by 2020, China will be more open.

The trade deficit will change in the first quarter and gradually move to favorable balance.

In response to China's trade deficit of 1 billion 20 million US dollars in the first quarter, Chen Deming, Minister of Commerce, told reporters that the trade deficit in the first quarter was partial and small. It would not change the policy of expanding imports while stabilizing exports.

He expects to change the small deficit situation in the next few quarters and gradually move to a favorable balance, but the proportion and extent of the surplus are improved over last year.

The General Administration of Customs recently released the situation of China's foreign trade in the first quarter of this year. In the first quarter of this year, China's total trade deficit of 1 billion 20 million US dollars was the first time that China had a quarterly trade deficit in 6 years.

In this regard, Chen Deming pointed out that a small deficit in the first quarter of this year has both factors that have encouraged imports for a long time, as well as factors such as turbulence in the international situation, commodity prices and rising prices of raw materials.

In addition, import prices rose by 17% in the first quarter of this year, while export prices increased by only 9%. The rise in import and export prices played a significant role in the small trade deficit.

Chen Deming predicts that in the next two or three and fourth quarters, there will be a slight deficit in some periods. But overall, the situation in China will be reasonable and small in the future, but the proportion and extent of the surplus will be improved compared with last year.