China becomes major engine for the global economic growth:
A recent data has been released by the International Monetary Fund, showed that the giant China is significantly contributing strongly over all global economic growth with a great surprised. Actually according to the IMF, China contributed above 1.2% points over global economy growth in 2016 as the world's major economic growth engine, while the United States contributed 0.3% points and the European Union contributed 0.2% percentage points. China's economy is shifting toward a development model of lower rate and higher quality, while structural reforms allow its economy to upgrade and eventually unleash new vitality and continue to serve as an engine of global economic growth. According to the report, China was the global top contributor over global economic growth in 2009 and its contribution to world growth has since been helping other countries to contribute over global economic growth. Besides, due to huge home demand and facilities, China has already imported