Facts Of Chinese Power In The World

Hello Steemians,

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His ability in creating technology, Chinese products are now worldwide. Call it Xiaomi, smart phone products already menggurita. China also has Alibaba's e-commerce which is able to make the biggest IPO profits on Wall Street.

This week, the world was served the fact that China is very influential on the market. The cause of China applying yuan devaluation and cut the benchmark interest rate by 25 basis points to 4.6 percent. As a result, marketpun become somersaults. Indonesia is no exception.

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The question is why China is so influential on the world economy? Apparently Bamboo Curtain country has eight advantages that are very significant for the world economy. What are they?

Here are eight facts of China's strength in the world economic vortex,

1. China is the world's second largest oil consumer.
2. China is the largest coal consumer in the world.
3. China is the first largest US debt holder.
4. China is Indonesia's largest partner, becoming the second largest export destination after the United States.
5. China is the largest market for mineral and coal commodities.
6. China has long since let its currency exchange rate low against the US dollar, and make it as a major weapon to boost exports.
7. China has the world's largest foreign exchange reserves, estimated at more than $ 3 trillion.
8. China's economic activity is bringing to the various regions and industrial sectors of the world.
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