At this significant moment of the 40th anniversary of China’s reform and opening-up, when we look back at the story of striving jointly written by China and the rest of the world, we feel more certain of the fact that China’s reform and opening-up has been a strong force for world peace and development and represents a major contribution of the Chinese nation to the progress of human civilization.
China has always been an important driving force for an open world economy. Over the past 40 years, the country has seen improvements in both the size and quality of its foreign trade, with the proportion of the total volume of its foreign trade in the global market rising from 0.8 percent in 1978 to 11.5 percent in 2016. Last year, the country’s foreign trade contributed more than 20 percent to global growth.
As the world’s largest exporter, China has provided the global market with plenty of cost-efficient products. With every $10,000 worth of products being exported from China’s manufacturing industry to the rest of the world, China is creating 11.52 more jobs around the world on average.