China has immense stake in global trade: WTO chief

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China has immense stake in global trade: WTO chief

STORY: China has immense stake in global trade: WTO chief DATELINE: Nov. 5, 2022 LENGTH: 00:01:27 LOCATION: SHANGHAI, China CATEGORY: POLITICS SHOTLIST: 1. SOUNDBITE (English): NGOZI OKONJO-IWEALA, WTO Director-General STORYLINE: "China has an immense stake in global trade. In its role as an importer, showcased by the CIIE, China can help ensure trade remains a force for development and inclusion," said WTO Director-General Ngozi Okonjo-Iweala as the China import expo opened in Shanghai. SOUNDBITE (English): NGOZI OKONJO-IWEALA, WTO Director-General "China is widely recognized to have become the world's largest merchandise exporter. It accounted for 15.1% of world exports in 2021. Less well known is the fact that it is the second-largest importer of goods, accounting for 11.9% of world imports last year. China is also the second-largest importer of services, as well as the third-largest services exporter. China has an immense stake in global trade, and in the strength of the multilateral trading system th

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