20 Years in WTO
China has been a textbook case for how global trade integration can drive growth and development—the country’s economic rise has lifted millions out of poverty, not only within China but also in China’s trading partners across the developing world.
Ngozi Okonjo-iweala, directorgeneral of the WTO
The year 2021 marked the 20th anniversary of China’s accession to the World Trade Organization (WTO).
Joining the WTO profoundly changed the relationship between China and the global trading system and enabled China to optimize its comparative advantages and rapidly develop into one of the most important players in global trade and investment. It also promoted the reform of China’s domestic economic system and stimulated the vitality of market players. China’s accession to the WTO has improved the world economic system, greatly expanded the coverage of multilateral economic and trade rules, and further enhanced the global industrial supply chain. China’s annual contribution to world economic growth has measured about 30 percent for many consecutive years.