Posted by: mulrickillion | October 19, 2011

WTO chief: China got A+ performance since entry

Xinhua, 2011-10-19 —

CHENGDU – China has delivered an "A-plus performance" since the Asian economic powerhouse entered the World Trade Organization in 2001, WTO Director-General Pascal Lamy said Tuesday in China.

"In the past 10 years, overall, China has applied the rules, although not 100 percent," Lamy said in a speech at Sichuan University. He is on a tour of the southwestern city of Chengdu, Sichuan Province, where a western China international fair is being held.

China’s entry into the trade bloc has benefited not only China, but also the entire world, he said, adding that "the result is a win-win situation where China has received a lot from international trade and other WTO members have also got a lot from the opening of China."

Lamy’s comments echoed those of Premier Wen Jiabao, who said last week that after its accession to the WTO, China received a great economic boost and its overall competitiveness had been greatly improved.

"Many countries around the world have also gained tangible benefits," Wen told a forum on the 10th Anniversary of China’s accession to the WTO, which was held on the sidelines of the 110th Canton Fair in southern Guangdong province. . . .

WTO chief: China got A+ performance since entry|Politics|chinadaily.com.cn

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