The structure of China's trade in goods has fundamentally changed. (Figure 1 China's Import and Export of Goods 1978-2010) By the end of 2010 China had been the world's largest exporter and second-largest importer for two consecutive years. In 2010, the total volumes of China's export and import accounted for 10.4 percent and 9.1 percent of the world's total, respectively. dollars, showing a 16.4 percent annual growth on average. dollars, showing an a 17.2 percent annual growth on average, and the total value of its import was 1.3962 trillion U.S. In 2010 the total value of China's export was 1.5778 trillion U.S. dollars, 144 times as much as that in 1978, averaging an annual growth of 16.8 percent. In 2010 the total value of China's import and export reached 2.974 trillion U.S. dollars, ranking 32nd in world trade and accounting for less than 1 percent of the world's total. In 1978 the total value of China's import and export was only 20.6 billion U.S. China's total trade volume in goods ranks high globally. Over the past 30 years or so, seizing the opportunity of the world economy's long-term prosperity and the deepening economic globalization, China has opened wider to the outside world, attracted and utilized foreign investment, introduced advanced technology, transformed and upgraded domestic industries, and achieved rapid development in foreign trade through all-round participation in the international division of labor and competition. Devoting major efforts to the development of foreign trade became an important approach to accelerate modernization, shake off backwardness, promote the growth of economy, and improve comprehensive national strength. In 1978 China entered the new period of reform and opening up. However, hindered by the international political environment at that time and the country's planned economic system, China's foreign trade development was relatively slow. On the 10th anniversary of China's accession to the WTO, the Chinese government issues this White Paper to give a comprehensive introduction to China's foreign trade development.Īfter the founding of the People's Republic of China (PRC) in 1949, China adhered to the principle of independence and self-reliance, and gradually carried out economic and trade exchanges with foreign countries. During the past decade, China has quickened its integration into the global economy while its foreign trade has been further invigorated. China's foreign trade development has strengthened the nation's ties with the rest of the world, effectively pushed forward the country's modernization, and promoted world prosperity and progress.Ĭhina entered the World Trade Organization (WTO) in 2001. Through years of development, foreign trade has become one of China's most dynamic and fastest-growing sectors, placing China among the world's largest trade countries.
Since the adoption of the reform and opening up policy more than 30 years ago, China has conformed to the trend of economic globalization by opening wider to the outside world and promoting economic and trade cooperation with other countries on the basis of equality and mutual benefit. Peace, development and cooperation are the trends in today's world. Realizing Sustainable Development of Foreign Trade
Constructing All-round Economic and Trade Partnerships with Mutually Beneficial Cooperation Promoting Basically Balanced Growth of Foreign Trade The Development of China's Foreign Trade Contributes to the World Economy Reform of and Improvements to China's Foreign Trade System Historic Progress in China's Foreign Trade
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