World economy benefits China

Next year, the international economic environment is expected to improve for China, as global economies continue to recover.

Both the International Monetary Fund (IMF)(国际货币基金组织) and the World Bank(世界银行) estimate(估计) a faster global GDP (gross domestic product)(国民生产总值) growth in 2004. The IMF predicts(预测) economicfor sale Inflatable Toys growth in developed countries(发达国家) will reach 2.9 per cent, 1.1 per cent higher than this year.It estimates the growth rate of the United States and the euro zone (欧元区)at 3.9 and 1.9 per cent respectively, which is 1.3 and 1.4 per cent higher than this year.Developing countries(发展中国家) are also expected to boost their growth rate to 5.6 percent from this year's 5.0 per cent, according to the organization.

The economies in East Asia quickened their recovery pace(步) during the second half of this year and will continue next year.

The sustained(持续不变的) rapid growth in China enlarges the imports of other East Asian countries. China is developing into a global manufacturing(制造业) base for high-tech multinationals(跨国企业), which will foster(鼓励) production and trade in the region.


After four consecutive(连续的) quarterscheap Inflatable Obstacle of decrease, world trade began to pick up in the second quarter of 2002 and is accelerating its upward pace as the world economy begins to recover.The growing world trade means even if China's trade volume keeps the same market share in the world, it still has much room to grow.