A smile that shows the face of China_其他_趣味英语-查字典英语网

A smile that shows the face of China

This columnist does not intend to discuss all the accusations made against China's exported products but wants to say a few words on the relationship between Chinese and the world economies.

Since it joined the World Trade Organization in 2001, China has become the world's fourth largest economy and the third biggest importer/exporter. In its World Economic Outlook and Global Financial Stability Report published last year, the International Monetary Fund (IMF) pointed out that the Chinese economy accounted for only 4 percent of the world economy but contributed nearly one-third to the global economic growth. Of this contribution, consumer goods made up the bulk part.

Inexpensive Chinese goods have greatly benefited consumers throughout the world, especially those in the United States, Europe and Japan, the largest importers of "Made in China". American economist Gary Clyde Hufbauer once made a calculation on how much money Chinese goods had saved for American families. He found that each household saved more than $500 in 2003 through buying Chinese products. It amounted to the benefit President George W. Bush planned to bring to American families through a tax reduction program.

This is a proof of the positive role of globalization, in which China played an import part. Are cheap Chinese goods not a boon but rather a drawback for common people in the world?

While contributing to the stability and growth of the global economy, Chinese people improved their livelihood standards. They know they have benefited from the process of economic globalization. But they also hope to see economic advancement in other countries, because they know that no nation in the world, China included, can fare well without common prosperity of the global economy. That is why they believe in "One World, One Dream", as was best illustrated in the recently held 29th Olympic Games in Beijing.