China and the evolution of the world economy

- China 's success has ensured that the entire global economy became a market economy.
- China's rise has made the difference between a global economy of scarcity and one of surplus.
- China's rise has forced the world to focus on ameliorating a globally constrained economy.
- Likewise it has focused attention on the need for a new moral consciousness.
- China is creating a new monetary order.

China's rapid growth and its growth model have accelerated important existing structural trends in the world economy and made them decisive characteristics of the global economy. In particular, China has ensured that this will be the era of the global market economy; the super-industrial economy; the post-industrial economy; the ecologically constrained economy; the complex economy; the highly globalized economy; the innovation economy; an economy with a new moral consciousness about the global supply chain; and an economy with an emerging new monetary system.