China's WTO entry a benefit to the world
Seventeen years on, China's entry into the World Trade Organization (WTO) has proven to be a boost to the multilateral trading system and a great benefit to the world.
Instead of being a winner-takes-all player, China has reciprocated while benefiting from the WTO entry in 2001, providing huge opportunities for both developed and developing countries.
"The allegation that China benefited [from the WTO accession] while others suffered is far from the truth," Vice Minister of Commerce Wang Shouwen said at a press briefing on a white paper titled "China and the World Trade Organization" on Thursday.
Calling China's WTO accession a milestone in its integration into economic globalization, the white paper said 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.
"Through these efforts, China has lived up to its responsibility as a major country," said the white paper.
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