We begin with trade. China says it's committed to working with the World Trade Organization. Beijing has released a new report, detailing the progress, commitments, and contribution to the global economy. CGTN's Wang Hui explains.

A milestone for Beijing's reform and opening up program as it looks to further integrate into the global economy. China joined the WTO in 2001, embracing the world with open arms. Since then, China has become a key engine for World economic recovery.

From 2001 to 2017, China's goods imports jumped from about 240 billion US dollars, to 1.8 trillion with an average growth of 13.5% annually. It makes China the world's 2nd largest importer.

Over the same period, China's services imports went up from just shy of 40 billion US dollars to nearly 470 billion, with an annual average growth of nearly 17%. For the last five years, China's services imports ranked number two globally. Chinese Vice Minister of Commerce, Wang Shouwen, says China has fulfilled its accession commitments in a comprehensive way.

WANG SHOUWEN CHINESE VICE MINISTER OF COMMERCE "In the trade in goods, we have fulfilled our commitments to reduce our tariffs from 15.3% to 9.8% as early as 2010. Based on this, we took the initiative to reduce tariffs on more than 700 items in 2016, on more than 800 items in 2017, and 900 items this year. In the trade in services, the WTO requires China to open 100 areas, but we've opened 120 today."

Various media reports claim some of China's trade frictions originate from China's failure of effective protection of IPR. China's vice minister of commerce disagrees.

WANG SHOUWEN CHINESE VICE MINISTER OF COMMERCE "Blaming China for stealing intellectual property, and tampering with technology is an outright lie. Who knows about China's IPR protection the best? Companies. In a recent report by the American Chamber of Commerce, it asks about the biggest difficulties in running business in China. IPR protection ranks 12th. The EU chamber ranks it 11th. It shows, IPR protection is not a major problem for those foreign companies at all."

Since 2001, intellectual property royalties paid by China to foreign rights holders has registered an annual growth of 17%, reaching nearly 30 billion US dollars in 2017. Also, according to the world Intellectual property organization, 51,000 patent allocations filed from China through the patent cooperation treaty were accepted in 2017, second only to the US.

WANG HUI BEIJING "The White Paper says China will continue its policy of reform and opening-up. The nation will more proactively embrace economic globalization, promote high-standard liberalization and facilitate trade and investment. Wang Hui, CGTN, Beijing."