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´Opening-up to continue´

    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.

 
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