China Economic Standing

Since China initiated some of its major economic reforms in early 1980’s, since then the country has remained at the top of the fastest growing economies of the world. China economic standing is by no doubt amazing. For the period running from 1979 to 2002 China’s GPD rose at a steady percentage of about 9.3% annually. Indeed many economists have predicted that China might become the world’s largest economy at some point in the future.