Through its active participation in the multilateral trade system, China has made huge contribution to world economic growth. It is now the second largest economy, largest trading nation in goods and the biggest trading partner for more than 130 countries around the world. It is also the number one destination for foreign investment and second largest outbound investor. As an important powerhouse of the world economy, China in recent years has contributed 25 per cent to global growth.
中国积极参与多边贸易体系,对世界经济发展做出了巨大贡献。中国作为世界第二大经济体、第一大货物贸易国、第一大吸引外资国,第二大对外投资国以及130多个国家的最大贸易伙伴,对世界经济增长贡献率保持在25%左右,成为世界经济重要动力源。
At present, globalisation is in difficulty. International trade and investment is sluggish while protectionism is on the rise. However, anti-globalisation and protectionism offer no way out. The future of the world economy lies with economic globalisation. As a study by the Peterson Institute for International Economics finds, if the US placed 45 per cent tariffs on Chinese goods and 35 per cent tariffs on Mexico, and China and Mexico did the same to US goods and services, US exports and imports would shrink, consumption and investment would plunge, unemployment would rise, and economic growth would slow down to recession within three years.
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