As a member of the Regional Comprehensive Economic Partnership (RCEP), China is part of the world's largest trading bloc.
After its 2001 entry into the World Trade Organization, China focused on export-led growth and became a major link in global supply chains.
In 1999, the Chinese government began promoting investment abroad through the Go Out policy[1] and Jiang Zemin formally announced it as a national strategy in March 2000.
[3]: 123 During Jiang's tenure, the policy greatly expanded China's investment and influence in global South countries, especially those in Africa and Asia.
[3]: 124 After its entry into the World Trade Organization (WTO) in 2001, China began pursuing export-led growth and became a key link in global supply chains.
[7]: 274 The country accumulated large trade surpluses and foreign currency reserves, which greatly increased government resources.