China making great contributions to global prosperity

After four decades of reform and opening up, China has developed in a way that benefits the world.

Over the past 40 years, China insisted on opening its doors to the outside world, increasing the total import and export of goods by 198 times and the total value of its transferred services by more than 147 times. Today, China has become the world's largest trader of goods, the largest tourism market and a major trade partner to more than 130 countries.

Over the past 40 years, China has demonstrated its responsibility as a major power in opening up to the outside world. It has actively participated in global economic governance, supported the maturation of developing countries, maintained a high contribution rate to the world's economic growth and made its own responses to the Asian financial crisis and the global financial crisis. China has contributed its wisdom and strength to promoting the building of a community of shared future for mankind.

With the implementation of a new round of tax reduction measures begun on November 1, China's total tariff level has dropped to 7.5 percent. This rate is is lower than that of most developing countries, and more than fulfils China’s associated commitments to the World Trade Organization. China has released a new foreign investment negative list and opened its doors wider in the fields of finance, automobiles, aircraft and ships. According to a World Bank report, China's business environment ranking has improved by more than 30 rungs last year, making it one of the most improved in terms of business environment. China will always be a stable source of power for the world's economic growth, as well as a vital market in which other countries can expand their business opportunities. China maintains the conditions and confidence.

China's development cannot be separated from that of the entire world, while global prosperity is also strongly linked to China. China will continue to deepen its reforms in an all-around way, comprehensively expand its commitment to opening up, promote the building of an open global economy and promote the building of a community of shared future for mankind. The Chinese people will not only create new and greater miracles, but will also make new and greater contributions to the common prosperity of the world.   

China making great contributions to global prosperity

After four decades of reform and opening up, China has developed in a way that benefits the world. Over the past 40 years, China insisted on opening its doors to the outside world, increasing the total import and export of goods by 198 times and the total value of its transferred services by more than 147 times. Today, China has become the worlds largest trader of goods, the largest tourism market and a major trade partner to more than 130 countries. Over the past 40 years, China has demonstrated its responsibility as a major power in opening up to the outside world. It has actively participated in global economic governance, supported the maturation of developing countries, maintained a high contribution rate to the worlds economic growth and made its own responses to the Asian financial crisis and the global financial crisis. China has contributed its wisdom and strength to promoting the building of a community of shared future for mankind. With the implementation of a new round of tax reduction measures begun on November 1, Chinas total tariff level has dropped to 7.5 percent. This rate is is lower than that of most developing countries, and more than fulfils Chinas associated commitments to the World Trade Organization. China has released a new foreign investment negative list and opened its doors wider in the fields of finance, automobiles, aircraft and ships. According to a World Bank report, Chinas business environment ranking has improved by more than 30 rungs last year, making it one of the most improved in terms of business environment. China will always be a stable source of power for the worlds economic growth, as well as a vital market in which other countries can expand their business opportunities. China maintains the conditions and confidence. Chinas development cannot be separated from that of the entire world, while global prosperity is also strongly linked to China. China will continue to deepen its reforms in an all-around way, comprehensively expand its commitment to opening up, promote the building of an open global economy and promote the building of a community of shared future for mankind. The Chinese people will not only create new and greater miracles, but will also make new and greater contributions to the common prosperity of the world.