China's contribution to world growth over the United States

Recently, Zhu Guangyao, Vice Minister of China’s ministry of finance said that in the current the world economic recovery is fragile and faces major challenges, China&US are two highlights promoting global economic recovery, China's contribution to global economic growth this year reaches maximum. Experts believe that China, as the world's largest emerging market country, its economic and social development keeps stable for a long term ans its contribution rate to world economic growth has been continuously increasing. Especially in the process of actively coping with the international financial crisis, China's economy first achieved a turnaround and became an important engine for world economic recovery.

Economic contribution rate reaches 1/3

Lin Jianhai, IMF Secretary-General said that after the financial crisis, emerging market countries’ contribution rate to global economy reached 3/4 and China’s to 1/3.

Mei Xinyu, a researcher at the Ministry of Commerce, told reporters that China’s contribution outstandingly performs in the following areas:

First, “made in China” provides a large number of commodities for the countries all over the world, particularly provides affordable modern consumer goods for low-income countries and low-income groups. Meanwhile, “made in China”, with a strong manufacturing efficiency and cost advantages, effectively inhibits domestic inflationary pressures in US and other importing countries.

Second, China provides an import market, a world's second largest and growing fastest for more than 10 consecutive years import market and provides an opportunity for many other trading partners exporting to China and picking up Chinese economy express.

Third, China's increasingly overseas investment makes up the capital shortfall, more than a decade, the economic development of some developing countries rely heavily on the trade with China and China's direct investment. In addition, China is the world's largest overseas project contracting country. China’s infrastructure mode and the technology is the most efficient in the world. The infrastructure in many countries has been improved greatly through the introduction of Chinese engineering companies. (please visit www.chinainout.com for more wonderful news)