China＇s current economic transformation has its historical reasons and its urgent need of change. With over 30 years of reform and opening-up, China＇s economy experienced high-speed growth for a sustained period, bu...China＇s current economic transformation has its historical reasons and its urgent need of change. With over 30 years of reform and opening-up, China＇s economy experienced high-speed growth for a sustained period, but China is still confronted with many obstacles which call for immediate attention, such as shortage of resources, deterioration of the environment, structural imbalance, and intensified social conflict. If these problems persist, an ominous future would not be avoided unless an economic transformation was in effect. As China＇s economic power and international influence increase, its economic transformation will significantly impact not only its domestic economy, but also the world economy. This article analyzes the transformation of China＇s economy from an international perspective, particularly focuses on the relationship between China＇s transformation and the economies of most developed countries （e.g., United States and EU） by comparing data and analyzing impacts caused by each other. At the end, the article will provide some suggestions for further research.展开更多
文摘China＇s current economic transformation has its historical reasons and its urgent need of change. With over 30 years of reform and opening-up, China＇s economy experienced high-speed growth for a sustained period, but China is still confronted with many obstacles which call for immediate attention, such as shortage of resources, deterioration of the environment, structural imbalance, and intensified social conflict. If these problems persist, an ominous future would not be avoided unless an economic transformation was in effect. As China＇s economic power and international influence increase, its economic transformation will significantly impact not only its domestic economy, but also the world economy. This article analyzes the transformation of China＇s economy from an international perspective, particularly focuses on the relationship between China＇s transformation and the economies of most developed countries （e.g., United States and EU） by comparing data and analyzing impacts caused by each other. At the end, the article will provide some suggestions for further research.
