Spotlight: China boosts world economy via investment, capacity cooperation > Strategic-Culture.org - Strategic Culture Foundation
Spotlight: China boosts world economy via investment, capacity cooperation
As growth has become a scarcity for world economy since the international financial crisis struck in 2008, China is harnessing global economic growth by leading regional development, promoting capacity cooperation and establishing multilateral investment institutions.
China experienced a second-quarter economic growth of 7 percent at a time when the country actively seeks a slowdown in pace and focuses more on efficiency of its economy, making it still the main driver for the world economy.
The International Monetary Fund (IMF) has estimated that China contributed to global economic growth by 27.8 percent, higher than the U.S. contribution of 15.3 percent. The institution expects the Chinese figure to grow to 28.5 percent this year.
Shrinking demand caused by the international financial crisis has forced China to alter its traditional way of contributing to world economy mainly by foreign trade.
As a result, the world's second largest economy has changed its role from beneficiary of world trade to creator of new models of cooperation and from a commodity supplier to global market to a capital provider, innovating and upgrading the way it contributes to world economy while maintaining a stable growth in its contribution.
