China’s rise as a regional and global power | Brookings Institution
▻http://www.brookings.edu/research/papers/2015/07/china-regional-global-power-dollar
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CHINA has been growing extremely rapidly for a long time, but an important shift in its growth pattern occurred at the time of the global financial crisis.
During the six years up to 2007 China’s GDP grew at an average rate of 11 percent, with investment equaling 41.5 percent of GDP. The current account surplus was rising in this period, reaching over 10 percent of GDP. In the six years since the global crisis, the external surplus has fallen sharply into the range of two to three percent of GDP, but the shortfall in demand was made up almost completely by an increase in investment, which has reached more than 50 percent of GDP in recent years.