First, Asia is a huge market in the world with a large population and one third of the world's economic and foreign trade scale. It enjoys wide space for economic development and huge market potential. Second, Asia enjoys a diversified economic structure and economic foundation at various levels, making the economies in the area strongly complementary to each other. They can make use of the geographic convenience to conduct economic and trade cooperation in various forms to create regional advantages that promote the regional economic growth. Fourthly, its rapid development over the years has laid down a sound economic foundation for Asia, and Asia has established sound economic and trade cooperative relations with various areas in the world thus enjoying a good internal base and external environment to achieve its economic development.
China is an important country in Asia and an important developing country in the world as well.
Over the past two decades and more since the inception of reform and open up policy, China has made achievements in its economic and social development that attract worldwide attention. At the moment, China is the seventh biggest economy in the global context and the ninth largest trading nation of the world. For seven years in a row, it has been the largest FDI recipient in developing countries. With its promising accession to the WTO, China's reform and opening up will enter a new phase of development and realize new growth of its national economy. This will not only speed up China's modernization drive but also provide more cooperation opportunities to the economic development of various countries in the world including those in Asia and play a new role in promoting the economic growth in Asia or even in the world.