ABSTRACT
Introduction The Chinese economy has achieved an annual growth of about 10 percent since its shift to the Socialist Market Economic System. In 2005, China’s GDP was 2,250 billion dollars (5.1 percent of the world’s total), which was six times its GDP in 1990. Further, its international trade reached 1,400 billion dollars (6.7 percent of the world’s total), which was 12 times that of its 1990 trade figure. Consequently, the influence of China’s economy on the world and neighboring East Asian economies has increased rapidly. The recent global depression because of the financial crisis has increased expectations that this Chinese economic growth will help the world economy to recover.
