White paper unveils further moves for opening-up, reducing tariffs

China continues to honor the commitments it made to enter the World Trade Organization and could benefit more from further steps to open its economy, analysts said after the central government released a white paper on Thursday.

In the white paper, titled China and the World Trade Organization, the government reiterated that it pursues a mutually beneficial trade strategy and that China will continue to open up in "a more comprehensive, profound and diversified way".

Wang Shouwen, vice-minister of commerce, said China has been a key engine for world economic recovery and growth since 2002, contributing on average nearly 30 percent annually of global economic growth.

He said China's reform and opening-up campaign over the past 40 years has far more than fulfilled its commitments for WTO access, and it has become a major trading partner of more than 120 countries and regions.