China released a white paper “China and the World Trade Organization” on June 28, 2018, to outline its role in the WTO and underline trade and multilateralism for the first time.
Part I Commitments fulfilled
China reviewed and revised 2,300 laws, regulations and departmental rules at central government level, and 190,000 policies and regulations at sub-central government levels.
By 2010, China had fulfilled all of its tariff reduction commitments, reducing the average tariff level from 15.3% percent in 2001 to 9.8 percent.
Since 2001, intellectual property royalties paid by China to foreign right holders has registered an annual growth of 17 percent, reaching $28.6 billion in 2017.
Part II WTO and multilateral trading system
By April 2018, China had brought 17 disputes to the WTO, of which 8 were concluded. Meanwhile, 27 complaints were filed against China, of which 23 were concluded.
Multilateral trading system
China has been liberalizing and facilitating trade and investment, with full participation in the Doha Round negotiations. China has submitted or co-sponsored more than 100 negotiation proposals.
Part III Global contribution
Since 2002, China’s contribution to global economic growth has been around 30 percent on average.
In 2017, newly founded foreign invested enterprises in China reached 35,652, an increase of 27.8 percent.
Belt and Road Initiative
By the end of 2017, Chinese enterprises had set up 75% overseas economic and trade zones in countries involved in the Belt and Road Initiatives, contributed $1.6 billion in taxes and created 220,000 jobs.
Part IV Further reform and opening-up
Opening-up was key to China’s economic growth over the past 40 years. China will continue to adhere to the fundamental national policy of reform and opening-up.