WTO to make China a world factory

Ten years ago this week, when China joined the WTO and the world open up its economy, many Chinese commentators are warning of China" in the " dance with the wolf, as reckless, or possibly fatal error, their exposure to the greed of the competitors.

Nowadays, the situation has been reversed, Chinese official newspaper" people's Daily" published Monday in the editorial said:" those dancing with wolf people can show the heroic courage."

Indeed, China has become the world's factory, at the same time, the United States and European industry" has disappeared". WTO 's membership has been proven to be absolute success in China, and for Chinese economy created 10 years of rapid development.

It is hard to imagine WTO without China, world economy will be what appearance. As the Chinese Ministry of Commerce said last month, a member of the WTO identity reflects the" China cannot leave the world, the world needs China" facts.

The United States of America Indiana University of Chinese politics and Business Research Center for Scott Kennedy, WTO has made China integrated deeply into the global production network. If China did not join the WTO, we will see a very different globalization.

Beijing benefits received is obviously. In the past ten years, China's trade volume increased 5 times, China is now the world's biggest exporter, is second only to the United States imports a country.

University of International Business and Economics China World Trade Organization Research Institute president Zhang Hanlin said:" China's economy in the achievements of the past ten years, the 70% should be attributed to its WTO membership."

The Chinese government in the early release of said in a white paper, China trade to flourish also helped other countries. Chinese imports have become a major driver of global growth.

China's investment in the company saves cost, thereby reducing the consumption such as the United States national inflation pressure, China has $1 trade surplus to Washington, allowing American consumers continue to consume.