Page:China and WTO White Paper 2018.pdf/16

 economic and trade cooperation zones in relevant countries, contributed more than USD1.6 billion taxes to the host countries and created 220,000 local jobs. Within three years starting from 2018, China will provide RMB60 billion worth of aid to the developing countries and international organizations participating in the Belt and Road Initiative, with a view to developing more projects to improve people's lives. Hosting the China International Import Expo. Initiated by China, the China International Import Expo (CIIE) will bring together multiple international organizations and more than 100 countries. It is an international public product that promotes inclusive and mutually beneficial development around the globe. The inaugural session of CIIE will be held in November 2018. Hosting the CIIE is an important decision made by China to promote a new round of high-level opening-up, a major policy measure of China to further open its market to the world, and a concrete action by China to support economic globalization and trade liberalization. In the coming 15 years, China is expected to import USD24 trillion worth of goods. The CIIE will provide new export opportunities for the world, build a new platform for other countries and regions to share China's development dividends, and bring more dynamism to world economic growth.

Fulfilling China's WTO commitments has never been the end point of its opening-up. In the face of the overwhelming trend of economic globalization and its winding path, China keeps pace with the times, takes firm steps to expand opening-up, and makes continuous efforts to open up in a more comprehensive, profound and diversified way, with a view to achieving greater mutual benefit and win-win outcomes.

1. Promoting balanced development of trade

China pursues a trade strategy of mutual benefit, win-win, diversification and balanced development. It endeavors to raise the quality and added-value of its exports, proactively increase imports, and better integrate into the global value chains. China never deliberately pursues trade surplus in goods. At the same time, China takes an objective view towards existing trade deficit in services. The country always welcomes imports that diversify market supply, improve people's quality of life, and