Some of the unprecedented development in the Chinese trade sectors and trade policy
also had various effects on the nation’s economic growth. Targeting the global market,
China has successfully converted itself from an inward-oriented country which was
protected by various trade policies to an outward-oriented one with an open market.
The transition from a closed economy to an open one accompanied with it various
experiences. From the perspective of trade policy, China underwent a number of
evolution periods, such as dependence on the Soviet Union, absolute isolation, and
opening doors to the world. WTO accession, which represents a new milestone in
China’s trade evolution, enabled China to participate in the world trade under the global
framework by improving the multilateral trade system.