The average contribution rate of Chinese imports to world import growth in the past five years reached 22.5%

The average contribution rate of Chinese imports to world import growth in the past five years reached 22.5%

According to the report, from 1978 to 2017, China’s total imports from countries around the world rose from 10.9 billion US dollars to 184.1 billion US dollars, an increase of 169 times. From 1979 to 2017, the proportion of China’s total imports to the world’s total imports rose from 0.93% to 11.59%. From 2012 to 2017, the average contribution rate of Chinese imports to world import growth reached 22.5%.

The report shows that since the reform and opening up, China’s total imports from all over the world have shown a steady upward trend. Especially after joining the WTO in 2001, China’s total imports have experienced a high-speed growth. From 1978 to 2017, China’s total imports from countries around the world rose from $10.9 billion to $184 billion, an increase of 169 times. At the same time, China’s importing countries increased from 181 in 2001 to 218 in 2017. area.

The report found that from 1979 to 2017, China’s total imports accounted for the proportion of world imports, rising from 0.93% to 11.59%. Among them, after joining the WTO in 2001, the proportion began to increase rapidly. Since 2012, China’s total imports accounted for more than 10% of the world’s total imports. The ranking of China’s imports in the world rose from 23rd in 1979 to 2nd in 2017. From 2002 to 2007, the average contribution rate of Chinese imports to world import growth was only 10.7%. From 2012 to 2017, the average contribution rate of Chinese imports to world import growth reached 22.5%.

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