China‘s Economic Role in Asia China‘s economic role in Asia is burgeoning. With 1.2 billion people and an economy growing more rapid than any other in the region. China‘s rising importance as a trader manufacturer and investor offers neighbors a fast-growth cushion against slowdowns in the West. In 1995, for Japanese businesses grappling with the strong Yen, China is especially attractive. Japan‘s domestic market is sagging, and yen-based costs are pricing its exports too high. China offers thriving market and a cheap production base. Nearly one of every 10 yen that Japanese companies invest this year will end up in China, by one estimate. But it isn‘t manufacturing that links China to Asia. China‘s huge appetite for everything from grain to top-of-the-line technologies helps, too. South Korea‘s auto industry and Japan‘s steel industry, both dragging, get a big lift from China. And China‘s market could grow even more important, and not just to Asia. Although Sino-American trade surged to $40 billion last year from only $2 billion when Beijing begin its economic reforms in 1979, trade in some areas, notably services, is still generally closed. As it opens, other areas of market will expand. To be sure, China‘s trade expansion hasn‘t been smooth. This year, Beijing averted U. S. sanctions by settling a dispute over copy right and patent protection. But by the year 2010. According to OCED, Asia will account for one-third of global demand and China will almost certainly be the largest component.
1. China opened completely its commodity and service market（）
2.This year, about 10% of Japan‘s foreign investment went to China（）
3.The opening of Chinese market benefited South Korea‘s auto industry（）
4.China was sanctioned by the U. S. for its ineffectiveness of intellectual property protection（）
5.Strong yen will promote more exports in Japan（）
