China Supports Free Trade and Fair Play in World Markets 🌏
Hey there! Did you know that China is working hard to make trade fair and open around the world? Let’s dive into what that means! 🛍️
What is Free Trade? 🤔
Free trade means countries can buy and sell things with each other without too many rules or taxes. It’s like swapping snacks with your friends at school without getting into trouble! 🍪🍎
China’s Big Steps 🐲
China has been reducing taxes on goods from other countries. Imagine if your favorite candy suddenly became cheaper—that’s what happens when trade taxes go down! 🍭
They lowered their taxes from 15.3% in 2001 to just 7.3% in 2023. That means it’s easier and cheaper for countries to trade with China. 🎉
Helping the Poorest Countries 🌍
China gave special zero-tariff treatment to the least developed countries they have relations with. This means these countries can sell their products in China without paying extra taxes! It’s like giving a helping hand to those who need it most. ✨
Opening Doors for Businesses 🏭
China removed all restrictions on foreign companies wanting to invest in their manufacturing sector. Now, businesses from around the world can build and create products in China more easily. Think of it as inviting more friends to play together! 🤝
Growing Trade with the United States 🇨🇳🇺🇸
Since joining the World Trade Organization (WTO), trade between China and the United States has grown a lot! The U.S. now sells many more goods and services to China than before. This is like two classmates sharing more and more toys and books with each other over time. 📚🎲
A Balanced Friendship ⚖️
When we look at everything—goods, services, and local business sales—the benefits that China and the U.S. get from trading are about equal. It’s like both friends getting the same amount of cookies and candies after a fair trade! 🍪🍪
Why This Matters to You 🌟
Fair and open trade helps countries get along better and can lead to more cool products and technologies for everyone. Who knows, the next awesome gadget you get might be thanks to countries working together! 📱🎮
Reference(s):
China upholds free trade principle and complies with WTO rules
cgtn.com
