With its economic growth attracting global attention over the past 20-plus years of reform and opening up, China is now the third largest trade nation globally, its foreign exchange reserves have topped $1 trillion, and it is a magnet for the most foreign direct investment among developing nations. Meanwhile, China has become a leading source of investment for some African and Latin American countries. What do these achievements mean internationally? In an interview with People’s Daily Overseas Edition, Bert Hofman, chief economist of the World Bank’s China Representative Office, says that the contribution made by China’s economic development has far exceeded what it should have done given its role in global economic growth.
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