China’s economy has been growing rapidly since 1978. The National Statistical Bureau reported in 2003 that GNP rose by 9.1 percent, the total value amounting to uss 1,400 billion. Per capita GPD is uss 1,090; the foreign exchange reserves stands at uss 403.3 billion; the value of international trade is uss 851.2 billion; and the actual utilization of foreign investments amounts to uss 53.5 billion (people’s Daily, 27 February 2004 ). China has not only entered the heavy and chemical industrial phase but also embarked on a new phase of high technology industries accompanied by structural adjustments in industry. In the 21st century China aims to exert an even greater economic presence in the region, which will also benefit its neighbors.