China's economy has entered into a new stage of interaction with the world economy due to its rapid growth over the last few years.
Vice Director of the Institute of World Economics and Politics under China's Academy of Science Li Xiangyang said the world can now feel the impact of China's economic growth.

The scholar said at present, China's expanding export trade now ranks third in the world, which will inevitably affect the price in the global market.

Li also pointed out that China's increasing demand for energy and raw materials influences the balance between supply and demand in the global market.

He says the world is now paying more attention to many of China's economic policies and the country is also actively participating in international cooperative projects.