The integration of Chinese economy with that of the world market provides a warm comfort to some and a grim threat for many. This impending question does not concern itself with the rise of China's new economic power or with its deepening ties with the military power. It is another forceful blow which concerns about the Rising GDP of China to that of the motor of current global system. It's impact on international economy given its dynamism and economic power calls for deeper view behind the façade of rising economy.

Even though nothing can be censured provided the constructive policies so far bestowed by the Chinese have so far adhered to the International Economic standards, the role of China so far has been of a decent player in an economic game. However analysts claim that the rapid development in the economy doesn't pave way for directly for economic leadership. The relativism between the state and the market plays a vital and a deeper role in its portrayal of economic image.

Openness to the global economy back at the year 1978, paved an historical milestone on their paths to glory, flashing backward when the tariff levels refused to budge up from 6 percent. We now see an economy that has an average GDP growth of ten percent wherein the developed nations show a growth of around 2-3 percent. The specific characteristic of China that had embalmed it in economic bed of success lies at the fact of it, opening its markets to wider realms. This, prompted by knowledge transfer and knowledge economy laid down road for it to become a nation that has the current update in technology.

The rules laid down by the global economy couldn't handle the recession of 2008, and it was found that the world was very much in want of another set of rules or to term it softly evolution of older rules. The G20 in fact played a pronouncing role when it came to deepen the pacts and nurture the economies across nations. It'd be worthy to note that China played a constructive role at the meet. The G20 resulted in pumping of additional 1.1 billion US dollars into the International Monetary Fund. The meet also propagated an extensive amount of 5 trillion dollars by several nations.

The financial rules have in fact deepened the deadened minds into thinking more maturely than ever before and beefing up security policies by oversight of financial sectors and hedge funds. This has alleviated or dampened the financial crisis and could paralyze the nations. China refuses to actively participate in the already widening gap of vision and reality currently being faced by US. Although China stands as major creditor it never participated in lessening the taut financial string that now portrays itself as an albatross round the US's neck. The Unites State even went as far as to offer them a place at Global Governance compendium, but the Unwilling friend knew better. In short, China ignites hope on Asian countries and in quenches the same in some other.