China currently occupies a top place in world production and trade. For the amount of its GDP, it is ranked as the second largest economy in the world and the most dynamic for its growth rates. For its contribution to the growth of world GDP, it is considered one of the main locomotives of global growth. In 2010 Asics Mens Shoes Sale , China surpassed the United States as the leading manufacturing power, with production accounting for almost 20% of the world's industrial production which has led to it being known as the world's largest factory.
The sustained growth of the economy has demanded a large number of raw materials so that the country has become one of the main consumers globally. As a result, China has become the second largest importer in the world.
On the other hand Asics Shoes Sale , an important part of the Chinese GDP growth is explained by the voluminous exports that have sustained the country's development strategy. Thus, China has become the largest exporter in the world with an annual average growth rate of its exports by 18%. Its insertion in international trade has led the country to become a relevant player in the determination of prices and the functioning of the world market.
China in international finance:
China's role in international finance must be approached from three areas of analysis to have a comprehensive vision: as a recipient of financial resources, as a provider of financial resources and for the role of the Yuan in the international economy.
Practically since China began its process of reforms and opening to the outside world Asics Gel Lyte III Shoes , its participation as a recipient of resources from the rest of the world was significant to the point that in the decade of 2000 it came to be among the ten main countries receiving all types of flows. They go to underdeveloped countries, both official and private, especially foreign direct investment (FDI).
The implications of China being one of the main recipients of international financial flows are controversial Asics Gel Lyte Shoes , especially in what it could mean for the least developed countries. The controversy in this sense lies in the question of whether the position achieved by China has been mainly through the capture of additional funds or account of the diversion of investments or even, the divestment in other countries and regions, but the response would require a deeper study that escapes the limits