The reform and opening up has helped China achieve great progress in foreign trade.In consideration of better utilization of domestic and foreign markets,and internal and external production factors,China set out to participate in international trade governance,which can be roughly divided into three stages.The first stage focused on bilateral,regional,and multilateral economic and trade cooperation,culminating in China’s entry into the World Trade Organization(WTO),which leads to China’s improvement of its domestic trade rules and practices and better global economic performance.The second stage focused on signing Free Trade Agreements(FTAs)aimed at promoting regional economic integration and actively engaging in international trade governance.Through the FTAs China began to create more voices and inject more Chinese elements into the formulation of international trade rules.The third stage started with the Belt and Road Initiative.During this period,China’s involvement in international trade governance has been integrated into a complete package of international economic governance,which includes policy coordination,facilities connectivity,unimpeded trade,financial integration,and people-to-people bonds.China is now improving and leading in international trade governance with the vision of a community of shared future for mankind.
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