The Growth of China's Economy

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s economy not only can be seen from the increasing statistical indicators of the economy, but also can be seen from the driving force and growth of the world’s economy that is China’s economy brings to. For example, after China’s entry into the WTO, China 's total volume of trade has created 14 million jobs for its trading partners, China's investment in the foreign countries hired nearly 8 hundred thousand local people. These variables illustrate that the growth of Chin’s economy not only gives itself a cutting edge, but also benefits other countries and brings the stability and power to the world economy. The accumulation of economic development since the reform and opening up makes China bear a huge role in the 1997 Asian financial crisis. In 1997, George Soros and other speculators attacked the international foreign exchange market of Southeast Asia, leading to economic recession in Thailand, Philippine, Malaysia and other Southeast Asia countries and areas, but only Hong Kong survived with the...

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...e RMB internationalization development. The first part of this thesis will focus on the literature review with integration of former scholars research about RMB internationalization and analysis of RMB internationalization strategy and path selection, questions about RMB internationalization strategies will be promoted in this part. The second part includes the questionnaire and explanation that why questionnaires are used to analyze these strategies. Questionnaires will be handed out to Chinese professionals who are expert at RMB internationalization strategy research. The results will be presented in the third part of this thesis, The fourth part is summary and discussion about results of the questionnaire. The final part is conclusion, this part will focus on the analysis of defects and deficiencies of research methods, and ponder the future research directions .