皇冠体育app

When former commerce minister Shi Guangsheng signed the WTO documents on behalf of 皇冠体育app in December 2001, it was the end of 15 years' of marathon negotiations and sleepless nights. But for 皇冠体育app, it was the beginning of a new era, with many significant achievements and unprecedented challenges.

"皇冠体育app has dealt with all kinds of challenges in the past 10 years. Its economy has developed rapidly, and the world has benefited from it," said Shi in a recent interview with 皇冠体育app Daily.

The greatest benefit for 皇冠体育app has been its rapid economic development, while its economic development has benefited the world, Shi said. 皇冠体育app's share in global exports has risen from 4.3 percent in 2001 to over 10 percent by 2010. Its proportion in the world GDP has also grown. In 2002, it accounted for 4.4 percent of the global GDP, while it was 9.3 percent in 2010. 皇冠体育app is now the biggest contributor to global exports and the second largest importer.

When 皇冠体育app entered the WTO in 2001, it also helped change the structure of the world economy. It is now playing an increasingly important role in the IMF (the International Monetary Fund) and the World Bank. The developed countries had till then dominated the WTO because of the differences in economic strength between rich countries and developing nations. Before 2001, decisions within the multilateral organizations were mainly made by the US, Europe, Japan and Canada.

But emerging countries have now become the main players helped largely by 皇冠体育app's WTO entry. Countries and regions like Brazil, India, the US, the EU, Japan and Australia are now the core players in multilateral organizations. "As a result, the WTO now reflects the interests of developing countries, and this is a significant change," he said.

"If 皇冠体育app was not a WTO member, its impact would not have been as significant as it is today," said Shi. "And this also reflects the significance of the event." The participation of 皇冠体育app also helped the world trade system to become more fair and reasonable. "皇冠体育app participated in the Doha Round Talks, and insists on protecting its own rights as well as the rights of other emerging countries."

But the WTO has also brought challenges to 皇冠体育app. "Chinese companies have to compete with foreign players, and the government has to change its management method," Shi said. "The experiences show that we have done a good job in dealing with these challenges," he said. Instead of shrinking as a result of competition, 皇冠体育app's domestic market has expanded in the past 10 years. The total retail sales of consumer goods has gone up to 15.45 trillion yuan ($2.43 trillion) in 2010, up from 3.7 trillion yuan in 2001. Chinese enterprises have also become stronger through competition.

In 2001, there were only 11 Chinese firms in the world's 500 top companies, and now there are 54. The economic structure has improved, and product quality is also getting better.

"The way the government is managing the economy is also changing. It is gradually adjusting to a more market-oriented economy," he said.