China's State Council Information Office released a white paper titled "China and the World Trade Organization" on Thursday.
The Chinese government is publishing this white paper to give a full account of China's fulfillment of its World Trade Organization (WTO) commitments, to explain China's principles, stances, policies, and propositions regarding the multilateral trading system, and to describe China's vision and actions in advancing higher-level reform and opening-up, according to the white paper.
"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," it said.
"Through these efforts, China has lived up to its responsibility as a major country," it said, adding China firmly supports the multilateral trading system and has made significant contribution to the world after its WTO accession.
China acceded to the WTO in 2001. This was a milestone in China's integration into economic globalization, marking a new historic stage of reform and opening-up.
Over the past 40 years, China has been adhering to the fundamental national policy of reform and opening-up and pursuing development with its door wide open. A model of all-round, multi-level, and wide-ranging opening-up has gradually taken shape.
The white paper, "China and the World Trade Organization," released by the State Council Information Office, aims to give a full account of China's fulfillment of its WTO commitments, to explain China's principles, stances, policies, and propositions regarding the multilateral trading system, and to describe China's vision and actions in advancing higher-level reform and opening-up.
Strengthening IPR protection is the centerpiece for improving the property rights protection system, and it would provide the biggest boost to the competitiveness of the Chinese economy. It not only serves China's own development needs, but also helps cultivate a business environment that is law-based, internationalized and business-friendly, says the white paper.
Since China acceded to the WTO in 2001, it has made continued efforts to improve its socialist market economy system, further align its policies with multilateral trade rules in all areas, honor its commitments on opening trade in goods and services, and strengthen intellectual property rights (IPR) protection. Remarkable improvements have been made in enhancing the stability, transparency, and predictability of its opening-up policies.
China has firmly supported the multilateral trading system since its accession to the World Trade Organization (WTO), with great efforts in various aspects including liberalizing and facilitating trade and investment, and safeguarding the dispute settlement mechanism, according to a white paper released Thursday.
"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," says the white paper titled "China and the World Trade Organization."
Since 2002, China's contribution to global economic growth has approached 30 percent on average. The Chinese economy has become a major engine for global economic recovery and growth.
The country "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," according to the white paper titled "China and the World Trade Organization."
China has seen deep-going market economy system reform, ever-improving market system and optimizing business environment since joining the World Trade Organization 17 years ago, Vice Minister of Commerce Wang Shouwen told a press briefing on Thursday.