China has a lot to be happy about these days.
The country, while currently facing challenges from trade partners like the US, quietly made waves in the international economic stage. In this arena, China created waves while silently keeping their economy afloat-the global economy owes about 30 percent of its increase to China, which had a modest growth rate of 6.9 percent, according to Telesur TV.
The data were investigated and confirmed by the World Bank. It even showed figures where China's steady growth was seen to surpass that of the Big Three-namely the European Union, Japan, and the United States.
The World Trade Organization has also weighed into the recognition, after reviewing China's economic drive the past year. Chinese services in the financial sector and trade reductions in terms of tariff had helped to shore up the economy en route to becoming a global contributor, Xinhua Net says.
The report further noted the growing appreciation of the World Trade Organization's member countries of the ease of doing business in China. While other countries paled in comparison, China managed to make investment robust and opportunities easy to spot. The economy was also inclusive, where the private sector was a big contributor.
China has slowly and steadily been diverting its attention from traditional resources to new and environmentally-sound methods, an indicator of its steadily improving economy.
The country has been spearheading the use of renewable energy during the steady rise of its economy. Another good thing that investors and economists lauded the country for doing was the One Belt, One Road policy-an introduction of the 'Silk Road' economic belt into the 21st century which fosters economic partnership and brotherhood between Eurasian countries.
With an economy that's seen to steadily increase even further into the future, plans are being made by Chinese President Xi Jinping. A policy of his government sees Chinese poverty totally erased or at least grossly lessened by the year 2020.
China has been one of the world's largest merchandise marketers and also a big market for investors.
