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Trading and Trending
December 11,2021 marks the 20th anniversary of China’s entrance to the World Trade Organization (WTO).Over the past 20 years, China has won widespread recognition for its commitment,becoming a country that practices and defends globalization.
Since 2001, China’s overall tax rate 【小题1】 (drop) from 15.3 percent to 7.4 percent, lower than that in most developing countries. China has also continuously cut 【小题2】 (it) negative list of foreign investment access,and opened up as many sectors as possible to international trade.
The facilitation of trade and investment proves that China is opening 【小题3】 (wide) to the outside world, 【小题4】 in turn has promoted faster growth of the Chinese economy. In the last two decades,
China’s GDP has gone from sixth to second in the world,with its trade in goods 【小题5】 (rise) from sixth place to first and trade in services climbing from eleventh to second place.
WTO spoke highly of the nation's important role as a driver of global growth and its commitment 【小题6】 guarding the trading system and participating in the various parts of WTO projects. As the years progressed, China contributed 【小题7】 average of 30 percent to world economic growth. In 2020 【小题8】 (specific), the global economy declined owing to the impact of the COVID-19 pandemic, 【小题9】 China became the only major economy to sustain positive growth, putting the nation in an important position to drive the world’s gradual economic 【小题10】 (recover).