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International pivotal ports are of great significance to the advance of the international competitiveness of a country’s economy.
After its WTO accession, China has been facing a dual strategic task of accelerating opening up and expediting structural adjustment in order to respond to the new changes in international division of labor and cooperation and to achieve a rapid and sustained economic growth.
Since the beginning of reform and opening up, China’s economy has maintained a general trend of rapid growth.
In terms of the three-step modernization strategy, China has completed the first two steps by doubling the 1980 GDP in 1990 and again the 1990 GDP in 2000.
Since the mid-1980s, swiftly emerging TVEs have absorbed a large amount of rural labor force.
China’s economic growth at the current stage is mainly restrained by demand.
It can be seen from Chart 1 that the growth of the Chinese economy has kept slowing down since 1992.
WTO accession brings both advantages and disadvantages to China.