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China Daily / 2021-05 / 18 / Page009

Key promoter of WTO reform

China Daily | Updated: 2021-05-18 00:00

This year marks the 20th anniversary of China joining the World Trade Organization. China is the largest beneficiary of the multilateral trade system, as well as the largest contributor to it.

Over the past 20 years, China's exports of goods have grown more than seven times, and its import volume has risen nearly six times. Last year, China's export-import volume accounted for 12 percent of the world's trade in goods.

China's service exports accounted for 3 percent of the world's total in 2005, and they increased to 6 percent last year. And its service import's share in the world's total rose from 3.3 percent in 2005 to 8 percent last year.

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