According to the report of enterprises competitiveness after five years of China entering WTO by the Social Sciences Academy, the international market share of China's industrial products has surpassed that of Japan.
Towards the end of the year, the ultimately line of the five-year protection period after China entering WTO is approaching nearer. During the five years, China has opened up its market environment, and now it's time to make a preliminary conclusion on the advantages and disadvantages it has brought to the industrial competitiveness in China's major industries.
having made a four-year follow-up study, the researchers from China Social Sciences Academy found that after acceding to the WTO, China has greatly improved the international competitiveness of the overall manufacturing sector.
Till 2004, the international market share of China's industrial products has reached 8.25 percent, overtaking Japan in rank as the third in the world. Meanwhile, the international competitiveness of some industries is weakened.
2000-2004, the international market share of China's industrial products posted a fastest growth in the world. For example, in 2004, China's growth rate was 37 percent, while EU and the US only represented 18 percent and 13 percent, respectively.
These conclusions appeared in the November 7 issue of the Enterprises Blue Book 'report on the competitiveness of enterprises in China (2006)' by Social Sciences Academy.
Fibre2fashion, News Desk - China