In 1978, China started the historic process of reform and opening-up. This is a glorious chapter in the development epic of the country and the nation composed by the Chinese people, recording the great journey of common progress of China and the rest of the world. It has not only profoundly changed the country, but also greatly influenced the whole world. Over the past 40 years, China has been adhering to the fundamental national policy of reform and opening-up and pursuing development with its door wide open. A model of all-round, multi-level, and wide-ranging opening-up has gradually taken shape. China is closely connected with the outside world and has made a significant contribution to the noble cause of global peace and development.
In 2001, China acceded to the World Trade Organization (WTO). This was a milestone in China's integration into economic globalization, marking a new historic stage of reform and opening-up. Since its accession to the WTO, China has been a strong advocate for free trade. China has comprehensively fulfilled its commitments to the WTO, substantially opened its market to the world, and delivered mutually beneficial and win-win outcomes on a wider scale. Through these efforts, China has lived up to its responsibility as a major country.
The multilateral trading system, with the WTO at its core, is the cornerstone of international trade and underpins the sound and orderly development of global trade. China firmly observes and upholds the WTO rules, and supports the multilateral trading system that is open, transparent, inclusive and non-discriminatory. China has participated in all aspects of WTO work, made its voice heard and contributed its own proposals on improving global economic governance. China is an active participant, strong supporter and major contributor in the multilateral trading system.
Accession to the WTO has boosted China's development and benefited the rest of the world. Propelled by a new vision of development, the Chinese economy is transitioning from rapid growth to high-quality development. China has become a major stabilizer and driving force for the world economy. China stays committed to the strategy of opening-up for win-win results, vigorously promotes the Belt and Road Initiative, and shares opportunities and benefits with other countries and their people while developing China itself, enhancing global wellbeing and common prosperity.
At the historic starting point of a new era, China's door of opening-up will not be closed and will only open even wider. Opening-up was key to China's economic growth over the past 40 years. In the same vein, high-quality development of China's economy in the future can only be achieved with greater openness. China will continue adhering to the fundamental national policy of reform and opening-up. China will more proactively embrace economic globalization, adopt policies to promote high-standard liberalization and facilitation of trade and investment, and work together with other countries to build a community of shared future with extensive converging interests and a high degree of interdependence.
The Chinese government is publishing this white paper to give a full account of China's fulfillment of its WTO commitments, to explain China's principles, stances, policies, and propositions regarding the multilateral trading system, and to describe China's vision and actions in advancing higher-level reform and opening-up.