WTO-Trade Policy Review: China

July 19, 2024--SUMMARY
1. During the review period, China remained an important driving force for global economic growth. The economy recovered well from pandemic-related shocks, and China's exports and imports continued to increase

The growth of trade in intermediate goods strongly outpaced the growth of merchandise trade in general, indicating China's further integration into international supply chains. However, the structural change it had previously embarked upon-away from industry and towards services-came to a halt.