China’s steadfast economic growth in past decade boon to world

Beijing Review | Oct 27, 2022 at 2:00 AM
  • At the week-long 20th National Congress of the Communist Party of China (CPC), a blueprint for the country’s future development has been mapped out.
  • In 2021, China’s GDP came to account for 18.5 percent of the world economy, up 7.2 percentage points over the past 10 years, and its foreign trade in goods accounted for 13.5 percent of the world’s total.
  • Championing an economic globalization that is more open, inclusive, balanced and beneficial for all, China has created a battery of platforms and mechanisms to facilitate trade and cooperation, including the China International Import Expo, the China International Fair for Trade in Services, and the China International Consumer Products Expo.