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Viewpoint: China, the 'leading dragon' of the world economy
By Justin Yifu Lin
Chief economist, World Bank
http://www.bbc.co.uk/news/business-15861161
Whether we are on the verge of an "Asian Century" or not, one thing is clear: there has already been a dramatic shift in the geographic centre of the global economy.
不管我们是不是处在亚洲世纪的边缘,有一点是肯定的,那就是:全球经济的地理中心已经戏剧化地转移了。
China is now front and centre, and its role as a leading dragon can be beneficial for growth prospects for the world economy.
中国已经成为了中心和前沿,而且飞龙的角色也能让世界经济的增长前景受益。
The world desperately needs engines of growth right now, and fortunately - with continued strong and pragmatic economic policy making - China can provide that impetus.
全球现在急需增长的牵引力,持续强劲和客观务实的经济政策,不“客气”地让中国成为了选择。
China is now the world's second biggest economy and the largest exporter of goods, with 9.6% of the global share, followed by Germany, the United States and Japan. China has an income per capita of $4,400 in current dollars and is well established as a high-middle income country.
China's foreign reserves, which now exceed $3 trillion, are the largest in the world.
Behind this rise, there has been a dramatic structural transformation entailing rapid industrialisation, a massive movement out of agriculture, and an impressive stretch of trade-related growth.
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