China's accession to the World Trade Organization (WTO) in 2001, the world's second largest economy, is considered one of the most important developments not only in China but also in the world. Thanks to this important development, the interaction between China and the rest of the world has significantly expanded the development of the global economy and helped to further the common development goals.
It is worth mentioning that China is currently the world's largest developing country, contributing an average of 30% to the world's economic growth over the past 20 years, while also the world's largest in terms of middle-income population. The economic importance of China at the global level can be gauged from the fact that today China is a major trading partner of more than 120 countries and regions, while it is the largest trading partner of the European Union and ASEAN.
China has openly shared its economic fruits with the rest of the world, especially its partners, calling openness a symbol of its development. China's trade deal with the United States is a great example of how the world's two major powers are putting public interests ahead of conflicts in the best interests of the people. However, in recent years Have come but still China.
According to the data, in the first eight months of this year, Chinese exports to the United States increased by 22.7 percent year-on-year instead of declining. , Which is the highest among other US trading partners, while four out of 10 of the country's fastest-growing imports come from China.
American families have also benefited greatly from the growing Sino-US trade. Interestingly, each American family can save 8 850 a year from trade between the two sides. The reason is that "Made in China "Products have long been an integral part of the daily lives of many American households. China is also an attractive and lucrative destination for American businesses. This can be gauged from the fact that in November 2019, when concerns arose about unilateralism and protectionism over tariff issues between the two countries, more than 190 US businesses were still holding the second China International in Shanghai. Participated in the Import Expo, the exhibition area of American companies during the Expo was the largest compared to other countries.
These included big names such as General Electric Company and Coalcom. The main reason for the interest of the world's leading businesses in China is the Chinese government's investment-friendly policies, as evidenced by the recent speech of Chinese President Xi Jinping. He was addressing the opening ceremony of the 4th China International Import Expo in Shanghai.
He stressed that China is committed to expanding high-level openness, sharing development opportunities with the world and promoting economic globalization in a more open, comprehensive, balanced and shared interests. Will remain China will unwaveringly maintain its true multilateralism, support the development of reforms in the right direction of the World Trade Organization, share market opportunities with the world, increase imports and promote balanced trade growth.
China will expand the "list of industries that encourage foreign investment", participate in green and low-carbon, digital economy and other international cooperation, and the "Trans-Pacific Partnership Agreement" and the "Digital Economy Partnership Agreement" "I will continue to try to join.
Xi Jinping added that China will un-waveringly safeguard the common interests of the world, promote the joint construction of "The Belt and Road", the United Nations, the World Trade Organization, the Group of Twenty, the Asia-Pacific Economic Cooperation and Shanghai. Cooperation will increasingly contribute to the cooperation of mechanisms such as the Organization.
China will continue to play an active role in tackling climate change, maintaining global food security and energy security, and will continue to provide additional assistance to other developing countries under the South-South Cooperation Framework. The world also trusts the promises of the Chinese leadership, and the key point of the growing interest of businesses in China over time is that there is uniformity in Chinese words and deeds.
Last year, despite the epidemic in the world, 70% of the world's leading Fortune 500 companies that participated in the first two exhibitions, the third was seen in China International Import. This year, the total exhibition area of the 4th Expo has been further increased to 366,000 square meters, while a large number of exhibitors from countries such as the United States, Japan, Germany, France and the United Kingdom are participating as in previous exhibitions. Will remain in addition to the developed countries, about 90 businesses from 33 least developed countries will also participate in the expo, which will showcase a large number of their special products and enter the Chinese market. And by ensuring the participation of developing countries, the concept of a society equal to mankind is being put into practice.
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