Reflecting on a decade of success
Updated: 2011-12-12 07:27
(China Daily)
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Naoyuki Shinohara, deputy managing director of the International Monetary Fund |
Pascal Lamy, director-general of the World Trade Organization |
One way to summarize China's achievements is in a few simple numbers: Since WTO accession, the share of merchandise exports has risen by 10 percentage points of GDP and imports have increased by 20 percentage points of GDP. Obviously, there were several factors behind these achievements. But the success of China's WTO accession stands out. I am confident that the next 10 years will be bright, with growing benefits to the world from China's continued integration into the global economy. |
Ten years is a long minute in China's millennia-long history. And yet these 10 years have witnessed an unprecedented transformation of China's economy and society. Looking into the future, as a key member of the WTO family, China's role and influence will be vital in our collective endeavor to advance trade opening and global trade regulation. China has been and should remain important for the WTO. The WTO has been and should remain important for China. |
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Supachai Panitchpakdi, secretary-general of the United Nations Conference on Trade and Development |
Otaviano Canuto, vice-president of the World Bank |
There can be little doubt that the accession of China to the WTO has brought about a significant transformation for China, for the rest of the world and for the multilateral trading system. The experiences of China since joining the WTO are nothing short of inspirational for developing countries seeking to address their development deficits and provide a brighter future for their populations. |
China has the potential to continue its dynamic growth, quadruple per capita income to about $16,000 and become the world's largest economy by 2030. But to realize that potential, China needs to overcome emerging new challenges, adapt its growth model to avoid the middle-income trap, reduce its large trade surpluses to mitigate tensions with trading partners and increasingly play an active leadership role in global forums and multilateral institutions. |
Jean-Pascal Tricoire, president and CEO of Schneider Electric |
Liu Chuanzhi, founder of Lenovo Group Ltd |
Given China's weight in world trade, Schneider Electric China has become a critical part of our global strategy. As the most populous country in the world, China is taking on its responsibilities in all aspects of global governance while facing many challenges domestically. We firmly believe that the future is bright, although the paths are winding. |
Lenovo Group and many other Chinese enterprises' experiences have proved that opening to the world could bring new international competitive power. The experience of the past 10 years has proved again that no domestic enterprises would wane as the country entered the WTO, if proper measures were taken. Real international competitiveness can only be achieved in an open environment. We know clearly that Chinese enterprises still have a long way to go to be top ones. |
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