WTO Membership Helps China's Foreign Trade Increase

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Last updated at: (Beijing Time) Saturday, March 08, 2003

WTO Membership Helps China's Foreign Trade Increase

A senior government official said Saturday that China's WTO membership created a good international environment for its export and import in 2002, which scored a growth of 21.8 percent.

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A senior government official said Saturday that China's WTO membership created a good international environment for its export and import in 2002, which scored a growth of 21.8 percent.

Vice Minister in charge of the State Development Planning Commission Wang Chunzheng said at a press conference of the National People's Congress that positive factors behind the fast foreign trade growth also include the gradual recovering of international economy, the development of diversified destination markets and product quality, and the sharply increased export and import of private and foreign-funded enterprises.

He said that this year's projected growth of foreign trade is set at 7 percent, lower than last year, considering the fierce competition in the international market and the increasingly serious trade protectionism.

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