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China's contribution to the global economy


Post Date: 17 Jan 2017    Viewed: 732

In the past 5 years, China's economy has maintained vigorous growth, playing as an active and constructive role in the world. This list shows a set of data which specify China's contribution to the global economy:

Global growth, still made in China

From 2011 to 2015, China's economic growth has contributed over 25 percent to the global economy. China became the most important engine of the world economic growth, providing a main driving force for global economic recovery.

"A few numbers bear this out. If Chinese GDP growth reaches 6.7 percent in 2016 - in Monetary Fund's latest prediction (6.6 percent) - China would account for 1.2 percentage points of world GDP growth. With the IMF currently expecting only 3.1 percent global growth this year, China would contribute nearly 39 percent of the total.

That share dwarfs the contribution of other major economies. For example, while the United States is widely praised for a solid recovery, its GDP is expected to grow by just 2.2 percent in 2016 - enough to contribute just 0.3 percentage points to overall world GDP growth, or only about a quarter of the contribution made by China."


— Stephen S Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, wrote for Project Syndicate

Overseas direct investment

Until 2015, China's foreign direct investment has increased in 14 consecutive years, reaching $145.67 billion and ranking second in the world. From January to November in 2016, China's foreign direct investment was 1069.63 billion yuan, 55.3 percent higher than the same period in 2015, involving over 160 countries and regions worldwide. Chinese enterprises completed 561 overseas mergers and acquisitions with the transaction value up to $82.4 billion.

At the beginning of 2016 there were more than 1900 90,000 people. Chinese investment is win-win: U.S. businesses which attract foreign investment are more likely to expand, add employees, and earn greater profits.


— Doug Bandow, former special assistant to President Ronald Reagan wrote for Forbes online

Exchange Rate Stabilizer

Ever since the 2005 exchange rate reform, the nominal rate of exchange of the RMB has appreciated by 20 percent against the US dollar and its real effective exchange rate appreciated by 56 percent from July, 2005 to the end of 2015. Meanwhile, the fluctuation band of the RMB's exchange rate has been gradually widening.

Emission reduction

Emissions in China declined in 2014 for the first time since 1999, registering a drop of around 130 Mt (1.5%).

— World Energy Outlook Special Report, International Energy Agency, 2015

Import & Export

During the 15 years of China's accession (2001- 2015), China's imports increased six-fold in value, rising from $0.24 trillion to $1.68 trillion. China's share in world's goods imports increased from 3.8 percent to 10.1 percent.

China's foreign trade remained stable in a sluggish world economy. With a total international trade volume of over 24 trillion yuan, China's share in global trade was more than 13 percent, making a contribution of over 30 percent to global trade growth. China has played a fundamental role in supporting world economy, safeguarding the stability and prosperity of world trade system in post-crisis era.


— Wan Xiangyu, a scholar in Institute of Quantitative & Technical Economics , Chinese Academy of Social Sciences, wrote for China Daily website.

International aid

Over the past 60 years China has provided approximately 400 billion yuan in aid to 166 countries and international organizations. It has trained more than 12 million personnel from developing countries, and dispatched over 600,000 people to aid development in other countries.

— White Paper from the Chinese government: The Right to Development: China's Philosophy, Practice and Contribution

Web kingdom

In the 21 years since China got access to the internet, the number of Chinese internet users reached 668 million, ranking the first in the scale of Internet users worldwide by the time of July 2015. China has a total of 4.137 million websites and more than 22.3 million domain names. ".CN" ranks the second in the global top-level domain names, with its quantity over 12.25 million.

Voting Power

Under the active pushing by China and other developing countries, the World Bank and the International Monetary Fund, which are two major international organizations, have both completed their latest round of governance reform. China has increased its voting power to 4.42% in the World Bank as well as its share in the IMF to 6.394%, reaching to the third place in both organizations.

Global spender

In 2015, Chinese tourists spent about 1.2 trillion yuan overseas, staying as the world's major tourism consumer group, according to statistics by Chinese Ministry of Commerce.


Poverty Eradication

According to the World Bank's data, the number of people living in extreme poverty in the world totaled 702 million in 2015, or 9.6 percent of the world's population, while China's extreme poverty people dropped from 770 million in 1978 to 55.75 million in 2015. China's average annual poverty reduction rate is 2.2 percent before the Millennium, far exceeding the world average level.

"As a result of progress in China, the extreme poverty rate in Eastern Asia has dropped from 61 percent in 1990 to only 4 percent in 2015 … China alone accounts for almost two thirds of the total reduction in the number of undernourished people in the developing regions since 1990."


— The Millennium Development Goals Report, 2015, United Nations 


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