Open Door Policy
In modern China

In 1978, China was ranked 32nd in the world in export volume, but by 1989, it had doubled its world trade and became the 13th exporter. Between 1978 and 1990, the average annual rate of trade expansion was above 15 percent, and a high rate of growth continued for the next decade. In 1978, its exports in the world market share was negligible and in 1998, it still had less than 2%, but by 2010, it had a world market share of 10.4% according to the World Trade Organization (WTO), with merchandise export sales of more than $1.5 trillion, the highest in the world. In 2013, China overtook the United States and became the world's biggest trading nation in goods, with a total for imports and exports valued at US$4.16 trillion for the year.
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