Table of Contents

  • The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT CONTRACTING PARTIES in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.

  • This fourth Trade Policy Review (TPR) of China has provided Members an opportunity to conduct a collective appreciation and evaluation of the full range of China’s trade policies and practices and their impact on the functioning of the multilateral trading system. I wish to thank the Chinese delegation, headed by H.E. Mr. Yu Jianhua, Assistant Minister in the Ministry of Commerce, for their active participation and H.E. Ambassador Steffen Smidt of Denmark for his valuable contribution as the discussant. The keen interest shown by Members in this Review, as reflected in the large number of statements made and of advance written questions posed, testifies to the important role played by China in international trade and in the WTO. The TPRB appreciates China’s responses to the questions it received, and looks forward to receiving any outstanding answers within a month.

  • China enjoyed strong economic growth in 2010 and 2011, boosted by a ¥4 trillion fiscal stimulus package implemented in 2008-10. Growth was also helped by the recovery of world trade, but China’s exports recovered less rapidly than its imports and its merchandise trade surplus continued to fall, reaching 4.3% of GDP in 2010 from levels of 9% and above before 2008. Nominal GDP per capita increased in 2011 to the equivalent of US$5,400.

  • Since the last trade policy review in 2010, in the face of the complex and volatile external environment and new circumstances and developments in economic situations at home, the Chinese Government, centered on the goal of maintaining strong, sustainable and balanced growth, has accelerated the transformation of economic development pattern, stepped up efforts to expand domestic demand, promoted structural adjustment, and continued deepening the reform and expanding opening up. The national economy continued to develop at a rapid yet steady pace, making important contributions to the world economic recovery and development.