Reference News Network reported on December 25. The Spanish "Abésay" website published an article entitled "China, the world's factory making 78,852 dollars per second" on December 23, authored by Daniel Cavallero. The article states that December 11, 2001 was a turning point in the world economic order. No one talked about US leadership in various fields, but instead focused on an emerging giant, China, with a population of about 1.3 billion. That day, China joined the World Trade Organization (WTO), which revolutionized global trade and investment.
Ignacio de la Torre, chief economist of Alcano, Spain, said: "Joining the WTO will allow China to sell products under the same tariff framework." With its economic model based on exports and public support, China Leadership in trade. In 2018, China's export value reached 2.48 trillion US dollars, an increase of 9.9%, which means an export value of 78,852 US dollars per second. The EU as a whole may be the only economy that can rival China, because it is impossible for any other country to accomplish this task alone.
Mario Esteban, chief researcher for the Asia-Pacific region of the Royal Spanish Elcano Institute, said that the value added of Chinese exports is increasing, and this trend will continue. The Chinese economy is capable of coping with more complex economic activities and making greater progress in research and development. China's goal is not only to get rid of the past hundred-yuan store, but to focus on future fields such as artificial intelligence, robotics, 5G, and telecommunications. "China faces the future in a way different from other countries," De La Torre said.