CRI听力:WTO China's best way to expand trade

Officials and experts say China will continue to push for globalization and multilateral talks, as it marks the 15th anniversary of joining the World Trade Organization.

China has grown into the world's second-largest economy since joining the WTO as its 143rd member 15 years ago.

Millions of its people have been lifted out of poverty thanks to the wide range of products it makes, from garments to bullet trains and industrial robots.

Official data shows China has been the world's biggest trader of goods by volume for three consecutive years. It has also become the largest trade partner of over 120 countries and regions.

The country shipped 2.28 trillion U.S. dollars in goods to global markets last year, about 7.6 times higher than the volume in 2001. It bought 1.68 trillion dollars in foreign products, an almost sixfold increase from 2001.

As the world's second biggest investor, the country's outbound direct investment reached around 150 billion dollars during the first ten months of the year, exceeding the country's total ODI amount last year.

As of Sunday, according to China's WTO accession requirements, WTO members are supposed to stop using the so called "surrogate country" approach to calculating punitive duties on Chinese products which fall under trade investigations.

For more on this, we are joined on the line by CRI business analyst Einar Tangen.