Minister of Commerce Bo Xilai said in Beijing on Monday that China’s economic development has not only created employment opportunities for other countries, but also benefited consumers in foreign countries with its high-quality, low-priced goods.
He said that, with high quality and low prices, goods made in China have helped buying countries to cut expenditure and raise consumption levels, greatly improving consumers’ welfare in relevant countries.
He said that over the three years since China joined the World Trade Organization, it has imported US$1.2 trillion worth of goods. In fact, China’s annual average import has been growing at more than 20 percent, increasing production and employment opportunities for foreign countries. At the same time, China’s increased investment in foreign countries has also promoted local growth and employment.
China’s economic development has become an increasingly important driving force behind the world economy.
