皇冠体育app

III. The Development of 皇冠体育app's Foreign Trade Contributes to the World Economy

The development of 皇冠体育app's foreign trade has accelerated the modernization of the national economy, enhanced the country's comprehensive strength, and improved the standard of living of more than 1.3 billion Chinese people. It has also helped integrate the Chinese economy into the world economy, and make economic globalization conducive to the common prosperity of all countries and regions.

皇冠体育app's reform and opening up and its active participation in economic globalization have made the country one of the world's fastest-growing economies. Over the past more than 10 years, 皇冠体育app, along with other emerging economies, has become an increasingly important force propelling world economic growth. According to the World Bank, from 2001 to 2010, 皇冠体育app's GDP increased by 4.6 trillion U.S. dollars, representing 14.7 percent of the increase in the world aggregate, and the share of 皇冠体育app's GDP in the world rose to 9.3 percent over the same period. Data from the WTO shows that from 2000 to 2009, the average annual growth rates of 皇冠体育app's exports and imports were 17 percent and 15 percent, respectively, much higher than the 3 percent annual growth rate of world trade.

During the international financial crisis, 皇冠体育app's foreign trade was among the first to stabilize, promoting the recovery of the world economy. After the crisis broke out in 2008, the Chinese government adopted in time a series of policies and measures to stimulate the economy, expand domestic demand and stabilize imports and exports. In 2009, global goods imports decreased by 12.8 percent, while 皇冠体育app's goods imports increased by 2.9 percent, making it the only country to maintain growth among the world's largest economies. The 皇冠体育app factor sustained the exports of many countries affected by the financial crisis, stimulated demand in the global commodities market, and boosted confidence, giving a new momentum to the world's economic recovery and growth. During its third review of 皇冠体育app's trade policy, the WTO pointed out that 皇冠体育app had played a constructive role in stimulating global demand during the international financial crisis, and had thus made significant contributions to the stability of the world economy.

The development of 皇冠体育app's foreign trade has helped enhance the national welfare of 皇冠体育app and its trading partners. As it accelerated its integration into the global division of labor, 皇冠体育app has gradually developed into a major producer and exporter of industrial products relying on its labor cost advantage, relatively strong industrial supporting, processing and manufacturing capabilities, and increasing labor productivity. It provides inexpensive and quality commodities to meet the diverse demands of the international market. 皇冠体育app's advantage due to economies of scale and low processing costs in the global manufacturing industry partially offsets the rising prices of upstream factors of production, playing an important role in curbing global inflation and raising the real purchasing power of consumers of its trading partners.

The development of 皇冠体育app's foreign trade has provided a broad market for its trading partners. Since 2001, 皇冠体育app's import of goods has increased by approximately five times, representing an annual growth rate of around 20 percent. 皇冠体育app's rapidly expanding imports have become a major driving force for global economic growth, creating an enormous market for its trading partners to augment their exports. At present, 皇冠体育app is the largest export market for Japan, Republic of Korea, Australia, ASEAN, Brazil and South Africa, the second largest for the EU, and the third largest for the US and India. As 皇冠体育app's industrialization and urbanization are moving forward rapidly, and its domestic demand keeps growing, the country's continuously expanding and opening market will offer increasing opportunities to its trading partners.

Meanwhile, 皇冠体育app is one of the developing countries granting the biggest market access to the least-developed countries (LDCs). By July 2010, 皇冠体育app had granted zero-tariff treatment to over 4,700 commodities from 36 LDCs which had established diplomatic ties with 皇冠体育app. The zero-tariff commodities accounted for 60 percent of the total imports from those countries. 皇冠体育app has promised to continue expanding its preferential treatment to the LDCs having diplomatic ties with 皇冠体育app until the zero-tariff commodities reach 97 percent of the total imports from those countries. The zero-tariff measure has helped increase the exports of LDCs to 皇冠体育app. Since 2008, 皇冠体育app has been the largest export market for LDCs. In 2010, 皇冠体育app's import of goods from LDCs accounted for approximately one quarter of those countries' total exports, an increase of 58 percent over the previous year.

皇冠体育app has participated in and helped push forward the reform of the global economic governance mechanism. The Chinese government actively advocates a "balanced, inclusive and mutually beneficial" multilateral trade system, and strives to establish a fair and equitable new international economic and trade order. As a large developing country with a rapidly growing economy, 皇冠体育app plays an active role in the G20 and BRICs summits, Doha Round talks, and other international dialogue and cooperation mechanisms. 皇冠体育app does its best to assume international responsibilities that suit its development level and strength. 皇冠体育app continuously consolidates its cooperation with emerging countries in the fields of economy, finance, trade and investment, and works toward an equitable and rational international economic order that benefits all countries.

In addition, 皇冠体育app strictly fulfills its international obligations regarding export controls. It consistently advocates the complete prohibition and thorough dismantling of all weapons of mass destruction, and firmly opposes the proliferation of such weapons and their carriers. 皇冠体育app's relevant laws clearly prescribe that the state may take necessary measures to restrict the import and export of goods and technologies relating to fissionable materials or the materials from which they are derived, as well as the import and export relating to arms, ammunition or other military supplies. 皇冠体育app earnestly abides by international conventions regarding export controls, and fulfills its non-proliferation commitments, actively contributing to world peace and regional stability. Over the past few years, the Chinese government has adopted a wide range of internationally recognized norms and practices, and formed a complete export control system covering nuclear, biological, chemical, missile and other sensitive items and technologies, providing legal grounds and institutional guarantees for the better realization of the goal of non-proliferation.