The opening up of the Chinese market and the huge influx of foreign capital has had a positive influence on both China and the rest of the world.

Deputy Minister of Commerce, Liao Xiaoqi, made the remarks Saturday at the Boao Forum for Asia in southern China's Hainan province.

Liao said that in the three years since China entered the World Trade Organization, the country has imported commodities worth US$1.2 trillion.

In addition, the huge foreign investment in China has also benefited other nations.

Meanwhile, China has also invested large amounts of capital in other countries.

(CRI.com April 24, 2005)