China's opening-up benefits itself and the world as well: Boao panelists

Long Yongtu, former Ministry of Foreign Trade and Economic Cooperation vice-minister, speaks at at the Boao Forum for Asia, in Boao, Hainan province, on March 26, 2019. [Photo by Wang Han/chinadaily.com.cn]

China's opening-up over the past 40 years has not only benefited the country and its people, but also the rest of the world, said panelists at the ongoing Boao Forum for Asia on Tuesday.

China's foreign trade volume has increased 30-40 percent since it became a WTO member, said Long Yongtu, former vice-minister of the Ministry of Foreign Trade and Economic Cooperation and lead negotiator of China's entrance into the WTO.

"China's opening-up has boosted its reform," said Long.