China's Development:Implications for Asian Economy

In 2013,under the circumstance of meager recovery and continued sluggish economic growth of the whole world,China’s economy still maintained a growth rate of 7.7 per cent and the economic aggregate jumped onto a new stage-it was predicted that the share of China’s economy in the global aggregate could exceed 12 per cent compared with only 2% in 1980.The status of China as an important global economic power has been entrenched and the rise of the manufacturing