China’s Contributions to the World: Economic Growth, Resource Consumption and Global Imbalance*

Lu Feng
National School of Development, Peking University China Macroeconomic Research Center, Beijing, China

 
Abstract: This paper makes systematic observations of China’s contributions to global macroeconomic growth and bulk commodity consumption. Our observations suggest that while China’s economic size is relatively small on a per capita basis, its contributions are large in terms of overall volume; moreover, the economy has experienced tremendous growth. Quantifying these characteristics that are unique to China’s development creates a realistic background upon which China can re-examine its trade and economic policies and strategic thinking.
Key words: economic growth, economic globalization, contribution to global economic growth.

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