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The article looks at how China's economic expansion will affect growth and jobs around the globe. "What you cannot avoid, welcome," says an old Chinese proverb. The world would be wise to bear it in mind in its dealings with China. The country's global integration will have a bigger impact on the world economy than that of any previous emerging economy. Fortunately, though, it will be mostly a force for good, boosting overall prosperity. China's ascent will affect the outside world more than Japan's did in its time, not only because of the potential size of its economy but also because of two distinct features. First, for such a big economy it is unusually open to trade and investment. The second feature is that Chinese manufacturers have access to an almost unlimited supply of cheap labour. By some estimates, there are almost 200m underemployed workers in rural areas that could move into industry. The idea that China may become the world's biggest economy, with an enormous army of cheap workers, fills many in the rich western world with dread. Yet China's combination of rapid growth, vast size and openness could deliver a big boost to incomes outside China as well as at home. Rather like America when it entered the world economy in the late 19th century, China will be giving a huge boost to both global demand and supply.

The article speculates that if reforms continue, China's economy could surge ahead for many more years. The official figures may slightly overstate the growth rate, but China is still likely one day to overtake America and become the world's number one economy. In fact, China was the largest economy for much of recorded history. Until the 15th century, China had the highest income per head and was the technological leader. But then it suddenly turned its back on the world. Now China is making up lost ground. Even if its economy slows sharply over the next couple of years, its long-term prospects remain bright. Most of China's growth over the past quarter-century can be explained by high rates of investment and the movement of workers from subsistence farming, where their marginal productivity is close to zero, to more productive use in industry. But China's growth is not based simply on cheap labour: wages are lower in India and Vietnam. It also has the advantages of good infrastructure, an educated workforce, a high rate of saving available to finance investment and, most important of all, an extremely open economy. Moreover, China has welcomed foreign direct investment, which has bolstered growth by increasing the stock of fixed capital and by providing new technology and management know-how. China faces many obstacles to growth: its fragile banking system, the lack of a transparent legal system, corruption, the risk of social and political unrest caused by widening income inequalities or the abuse of human rights, and severe environmental pollution. Yet if reforms continue, there are good reasons to believe that rapid growth can be sustained.

The article presents the author's views regarding the political ideologies between late U.S. President Ronald Reagan and President of the People's Republic of China Xi Jinping. Information about the difference of their supply-side strategy, is provided. Also mentioned is the contribution of Chinese president for the economic development of the country.

The article reports that China's economy has continued to grow in 2006, despite predictions to the contrary. Economists fear the economic expansion is moving too rapidly to be sustained. Investment in fixed assets and consumer credit helped growth rates stay at over 10%. China's trade surplus continues to increase, to the delight of the country's leaders. The government's attempts to ensure stability for the 2008 Olympic Games in Beijing and the Communist Party Congress have been unsuccessful.

This article argues that the financial architecture of the world economy needs to change, based on the possibility that a slump in two major economies could move the world economy towards recession. American consumer spending and Chinese fixed investment have both slowed markedly in recent months. A synchronised slump in the two economies could nudge the world economy towards recession. America's and China's booms have been reinforcing each other. Low American interest rates encouraged capital to flood into China, fuelling its investment boom, and American consumers bought lots of Chinese exports. At the same time, America's imports of cheap Chinese goods and cheap Chinese capital (in Treasury bonds) have held down inflation and interest rates and so supported its spending binge. However, the resulting excessive consumption in America and excessive investment in China have both become unsustainable. Most commentators still hope that the Chinese authorities can achieve a soft landing, but investment booms typically end more painfully. This survey has argued that even if China suffers a sharp slowdown over the next year or so, its long-term growth prospects remain good. But to minimise the future risk of excessive booms and busts, China needs to reform its banking system to ensure a more efficient allocation of capital, and to make its exchange rate more flexible to regain control over its monetary policy. The longer-term challenge for the Fed and other central banks is to build a new monetary-policy framework that takes account of recent structural changes in the global economy, such as the integration of China.

The editorial looks at economic conditions in the emerging market countries in the context of the global economy, as of October 2013. It argues that the BRIC countries of Brazil, Russia, India, and China are likely to see slower economic growth than they did over the past decade and assesses the possibility that rich countries including the U.S. and other developing countries will compensate through more rapid growth. China's economic development model is discussed.

The article looks at the Chinese economy as of April 2013. It reports the country's economic growth has slowed and discusses various possible explanatory factors, including tax changes and Chinese President Xi Jinping's campaign against conspicuous consumption. It says the country's economic growth has become more balanced, with a rising share stemming from domestic consumer spending and a shift from manufacturing to services.

The article examines how China's growth is expanding inland. China is indeed getting more unequal as it develops, and public order is a genuine problem. Two aspects of that are a product of the extraordinary level of mobility that the Chinese workforce has exhibited over the past two decades--the more remarkable since government policy has often attempted to restrict people's freedom to move. One kind has been from interior to coast, so that the privileged growth seen there is spreading its benefits more widely than might at first appear. A second kind, visible across the whole country, has been what may rank as the most rapid rate of urbanisation ever recorded. The creation of a successful integrated free-trade area will need co-operation between bureaucracy and enterprise. As prosperity spreads, and more Chinese people are able to start affording luxuries, China's domestic economy is starting to become a powerful engine of growth in its own right, just as happened earlier in Japan and, indeed, in America before that.

The article compares China's expanding economy to other emerging economies in the world. China is only one of the world economy's emerging giants, along with India, Brazil and Russia. But it deserves special attention, because it has a bigger GDP than those three countries combined and, more importantly, it is much more integrated into the world economy, so its impact on other economies will inevitably be larger. India's population is almost as big as China's (the two together account for 38% of the world total), and its long-term economic potential is promising, but at present its economic weight in the world is still relatively modest. China's GDP is more than twice the size of India's, and its share of the growth in global GDP since 2000 has been three times larger. But the main difference is that China's exports of goods and services are about six times bigger than India's, and growing faster. Over the past 20 years, China's real GDP growth has averaged 9.5% a year, compared with India's 5.7%, and it is likely to outpace India's for at least another decade. Looking two decades ahead, India will probably overtake China in the growth stakes because its population is younger and growing faster, so its workforce will continue to expand when China's ageing population will start to slow it down.