These are exciting times for China, which is enjoying tremendous economic growth. China has already emerged as an economic powerhouse. Since 1980, it has grown faster, for longer than any country in history. China now accounts for 13% of global GDP, based on purchasing power parity (PPP) exchange rates. China's accession to the World Trade Organisation and events such as the award of the 2008 Olympics attest to China's growing importance on the world economic stage. Key to China's economic growth is its entry into global markets, not only through foreign direct investment, but, significantly, through its impressive growth of exports and imports.
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