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China’s positive energy (III): From 'Chinese dreams' to 'Chinese contributions'

(People's Daily Online)

08:31, November 12, 2012

From 2000 to 2011, China contributed over 13 percent and 14 percent to global growth of imports and exports respectively, while the United States contributed nearly 9 percent and 6 percent.

The output of China’s manufacturing sector as a percentage of the world’s total reached 19.8 percent in 2010, surpassing the U.S.’s 19.4 percent.

Over the past 10 years, China has grasped strategic opportunities, made brilliant achievements along the path of peaceful development, and translated “Chinese dreams” into “Chinese contributions” that promote the common development of all countries.

Hu An’gang, head of Tsinghua University’s National Conditions Research Institute, said that a country’s contributions to the world are determined by two factors – its relative economic scale and relative development pace.

China has a large relative economic and trade scale, and enjoys rapid economic growth. Its gross domestic product (GDP) and total trade volume have grown over 10 percent and 20 percent annually over the past decade.

China has become the largest contributor to global economic growth no matter how it is measured.

“This is the international significance of China’s rise,” Hu said.

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