On November 5, the 9th Hongqiao Economic Forum “25th Anniversary of China's Entry into the WTO: Openness, Integration and Development” sub-forum was held at the National Convention and Exhibition Center. The forum focused on China's compliance practices in the 25 years since entering the WTO. A set of factual data confirmed that China continues to expand a high level of opening-up to the outside world, while achieving its own economic take-off, creating a broad space for countries around the world to share development dividends. Over the past 25 years, China's overall tariff level fell to 7.3%, greatly fulfilling its WTO entry promise; the entry threshold for foreign investment continued to be lowered, and the number of foreign-funded enterprises grew steadily. China's total economy and the scale of imports and exports of goods trade have jumped exponentially. It has been the largest country in global trade in goods for many years, and its average annual contribution rate to world economic growth has remained around 30%.

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