24 November 2011
Justin Yifu Lin's new book is called "Demystifying the Chinese Economy"
Whether we are on the verge of an "Asian Century" or not, one thing is clear: there has already been a dramatic shift in the geographic centre of the global economy.
China is now front and centre, and its role as a leading dragon can be beneficial for growth prospects for the world economy.
The world desperately needs engines of growth right now, and fortunately - with continued strong and pragmatic economic policy making - China can provide that impetus.
China is now the world's second biggest economy and the largest exporter of goods, with 9.6% of the global share, followed by Germany, the United States and Japan. China has an income per capita of $4,400 in current dollars and is well established as a high-middle income country.
China's foreign reserves, which now exceed $3 trillion, are the largest in the world.
