Because China is now the engine of world economic growth, one third of the world's economic growth comes from China.
With the increasing influence of China in the world economy and politics, the "plenary session" in China is becoming more and more significant in the world. China's economic growth rate is becoming the weather vane of the world economy. The International Monetary Fund (IMF) has previously analyzed that if China's economic growth rate drops by 1%, the GDP growth of some Asia-Pacific countries will drop by .8% accordingly.
China is both a' world factory' and a' global market'. With a population of nearly 1.4 billion and a middle-income group of 4 million, China is the world's most potential consumer market with unlimited business opportunities.
China's economy is shifting from high-speed growth to high-quality development, and China's wisdom and China's contribution have a good example for the development of the whole world economy.
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According to the research report of McKinsey Global Institute, by 24, the integration of China and other economies in the world is expected to create an economic value of 22 trillion to 37 trillion US dollars, equivalent to 15%-26% of the global economy.
It is a wise choice for more and more countries and regions to take the China Express. Philippine Manila Times commented that in the past 7 years, China has grown into an important trading partner of the whole world, especially Southeast Asian countries. According to the official data of ASEAN, the proportion of China in the total import and export of ASEAN countries has exceeded 15%.
Masini Nye, president of the African National Congress, the ruling party in South Africa, said that South Africa is eager to learn from China's development experience and put it into practice. "Maintaining mutually beneficial relations between South China and South Africa is very important for us to build a prosperous South Africa." The world economy is a world-wide economic whole composed of interconnected and interdependent economies of all countries in the world. On the basis of international division of labor and world market, it organically links the production, life and other economic aspects of countries around the world through various forms and channels such as commodity circulation, labor exchange, capital flow, technology transfer and international economic integration.
the world economy is the product of the development of human social productive forces to a certain historical stage. The formation and development of world economy is closely linked with the emergence and development of capitalist mode of production. Before the capitalist mode of production appeared, human society was dominated by natural economy because of its low level of productivity. Although there was a certain degree of international economic exchanges, it was only an accidental, individual and partial phenomenon, which could not form a real world economy.