First, the growth of China market creates new room for the growth of the world economy. With its efforts for market-oriented reform, China is turning itself into a large emerging market in the world by integrating domestic and foreign trade and forming a unified national market that has become more orderly. China has built the largest telephone systems in the world, which added 110 million new subscribers in 2003. The same year China sold 4.4 million motor vehicles, a year-on-year increase of 34 percent. That was an increase of over 1 million units in both the output and sales of motor vehicles, something rarely seen in the history of the world’s automotive industry. Such a vigorous market demand not only supported the rapid development of China’s economy but also acted as an important driving force for economic growth of the world.