LINE

    Text:AAAPrint
    Voices

    15 years in WTO, China now standing as standard-bearer of globalization

    1
    2016-12-12 15:11Xinhua Editor: Li Yan ECNS App Download

    With tough transitional challenges ahead and painstaking adjustments behind, China has risen to become a bellwether of global free trade and a token of globalization at large, after 15 years since its accession to the World Trade Organization (WTO).

    An undisputable winner of globalization, China has undergone the whole process with costs and pains. But all that has benefited China and the world due to the country's impregnable integration into the global system has proved the worthiness of such afflictions.

    Among all the catalysts for China's success, openness always comes first. The nation's milestone accession to the world's largest trading bloc has made a perfect marriage between the nation and the global value chain, as burgeoning Chinese businesses begin to go global, and international enterprises ride on the crest of their ambitions in the tantalizing Chinese market.

    More remarkable is China's readiness to dance with "wolves" fed by the global free trade system. Instead of being a head-in-the-sand ostrich, China has from the beginning responded to the challenges with resolute reforms to make a market economy at all costs, rather than quench its initial disorientation with poisonous protectionism.

    China's success after its entry into the WTO has proved that compared with other resources, the stamina nourished by an inclusive and flexible mindset will win in the race for the silver line of the global free trade.

    For all these years, political and business leaders of the Asian country have grown increasingly accustomed to acting within the international legal and business framework, marking a stark contrast to the raging economic protectionism and political conservatism unleashed by their counterparts in Western developed countries, once major advocates for and beneficiaries of free global trade.

    More annoying are some penny-wise maneuvers of some specific economies to take advantage of these alarming "black swans" against the globalization for their own goods.

    Cases can be found in the announcements of Japan and its Western allies, all major WTO members, to break their moral and legal commitments to the organization by refusing to recognize China's deserved "market economy status (MES)," even though China has automatically switched over to the status under WTO rules on Sunday.

    Nevertheless, the refusal will neither write off China's dedication to the world's free trade for 15 years, nor undermine its resolve to continue pursuing the global connectivity by means of such arrangements as the Asian Infrastructure Investment Bank, the Belt and Road Initiative, and the Free Trade Area of the Asia-Pacific.

    The West's protectionist shenanigans in the excuse of defending the public wellbeing is but an attempt to cover up its reluctance to lose the rule-making monopoly, one of the chief culprits for the current flawed global system that is more preferable to the affluent minority.

    It is highly advisable for all the global trade partners to relinquish the zero-sum mentality and work with China for mutually beneficial cooperation to make a robust global recovery.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 青田县| 大竹县| 台北市| 隆安县| 和平区| 华坪县| 吴忠市| 原平市| 喀喇沁旗| 新乡县| 丹寨县| 沐川县| 尚义县| 中宁县| 南川市| 枣阳市| 宣恩县| 钟祥市| 嘉善县| 农安县| 黄陵县| 临泽县| 大英县| 蛟河市| 宝鸡市| 勃利县| 崇文区| 洛阳市| 凉山| 通河县| 阳朔县| 酉阳| 普陀区| 花垣县| 和田市| 疏附县| 车险| 石景山区| 四会市| 莱阳市| 富裕县|