When China joined the World Trade Organization (WTO) 10 years ago it opened up many of its sectors for the first time and embarked on a journey that would lead to it becoming the world´s second-largest economy within a decade. That journey will continue for the benefit of both China and the world, President Hu Jintao said on Sunday. "China will follow a more active opening-up strategy," Hu said at a forum in Beijing to commemorate China´s entry to the world trade body. China has fully met its commitments to the WTO since it joined the trade body on Dec 11, 2001, Hu said, citing a number of statistics. Tariffs, in general, had fallen to 9.8 percent from 15.3 percent, far lower than the average for developing nations. It has also opened up 100 service sectors, a figure close to the level for developed nations. It is now the world´s second-largest trader and the largest exporter. The nation´s accumulative imports in the past decade reached $7.5 trillion while it attracted foreign direct investment of $759.5 billion. |