Vol. 5 No. 2 (2022): Pakistan Journal of International Affairs
Articles

CHINA’S ECONOMIC GROWTH: EFFECTS AND CONSEQUENCES ON THE WORLD

Published 2022-06-29

Abstract

Chinese overall trade has seen rapid growth alongside its massive financial progress, prompting the country to focus on the world as its market. This inquiry looks at the role of general commerce in China's financial progress. It begins with an overview of the origins of China's broad trade framework and the structure that China has adopted for trading areas. Similarly, China's global trade execution is thoroughly scrutinized. China has been declared the world's fastest-growing economy. China has become the largest economic manufacturer, and trading partner of the United States as well. China's economic development has made a great contribution to the global economy. China’s economic growth helps the world to stabile its economy. China is considered a hugely attractive market in the world economy. China has a great contribution to the export of products in the world. The research is a qualitative analysis of the previously published material related to the relevant theme. It finds that Chinese economic growth has both positive and negative concequences on the world economy, society and environment.