China's trading characterized by 'sharing', says British trade leader

LONDON - China's trading not only contributes to world growth but also benefits less developed nations as "sharing" is its "byword", a British business leader told Xinhua during an interview on Thursday.

"China is the world's largest trading nation, and contributes more to world growth than any other country by a huge margin. These two facts show the enormous difference China has made to world trade," said Stephen Perry, chairman of 48 Group Club, a British organization composed of company leaders devoted in promoting Britain-China trade.

"Beyond that China has helped Asia develop more coherence and helped Asian and African nations to develop their trade," the business leader said.

Perry made the remarks as China's State Council Information Office on Thursday issued a white paper titled "China and the World Trade Organization (WTO)."

It was the first time that China has published a white paper to elaborate on its fulfillment of WTO entry commitments, and describe its vision and actions in advancing higher-level reform and opening-up.

After its entry into the WTO in 2001, China was tested by various challenges as the world trade weathered magnificent ups and downs in the following years, the biggest of which was the 2008 financial crisis.

Recalling the worst global crisis in decades, Perry said Western governments since then have tended to "inward thinking and bullying" on trade issues, however, China applied a different solution.

"China has assiduously been working at reforming the world system to anticipate and address world and regional crises in early stages and prevent them being major impacts on the poor and vulnerable as well as the economic systems," he said.

"China's approach is borne out of global responsibility and based upon a Chinese philosophy of self-interest that the world is safer and more secure if all nations prosper. Sharing is a byword for China's trading philosophy," Perry said.

Noting that China's own economy remains strong, he said "China's approach is to solve its own problems and use its issues to help other countries build new industries."

Perry defined China's approach as "enabling" and said it is "based on a clear understanding that world trade is better than isolated trade."