China&39;s_Economic_Growth_and_Its_World_Influence(4)

newly added commodity and service trade worldwide was 14.4 percent and 6.9 percent respectively. China ranked third, registering a contribution rate of 4.7 percent. In the future, with the continuous expansion of China's aggregate economy and total trade volume, the country's contribution to global economic and trade growth will go up continuously and rank second in the world.

Third, it is manifested by China's contribution to global poverty reduction. According to materials provided by the World Bank, between 1990-98, while the poor population of other developing countries dropped by 77.5 million, that of China declined by 147.2 million, representing a contribution rate of 190 percent. If China had not considerably reduced its poor population, the global population living in poverty would have increased instead of coming down. The international community has promised to cut the ratio of the poor population of developing countries by 50 percent by 2015. The realization of the goal greatly relies on China's effort to considerably reduce its urban and rural poor population.

The building of an all-round well-off society in China, a country with its current population exceeding 1 billion, is the greatest event in the history of human development. At present, the population of high-income countries worldwide is less than 900 million, and these countries have taken 200-250 years to reach their present level of development. The population of upper-middle-income countries is less than 600 million, and these countries have taken 100-150 years to attain their current level. The population of the two totals 1.47 billion. By 2050, however, it will only take 100 years for China, then having a population of 1.5-1.6 billion, to enter an intermediately developed society. This is not only a miracle in the human development history, but also a historic contribution made by China to the development of humankind.

Obviously, China is still a developing country. In addition to its economic strength, the position taken by a country in the global distribution of work also depends on its comparative advantages and resources endowment. The