China has one of the fastest growing and strongest economies in the world today. Despite a few hiccups, they are still doing exceptionally well and should they weather their own storms they will continue to grow and gain economic supremacy over Eastern Asia and possibly the entire world. Now, they are putting some of that money to good use and building a name for themselves among the international community by helping out those who are still suffering from the world economic crisis.
China, along with India and several other countries will be contributing large sums of cash to an IMF fund designed to act as a buffer against international economic problems, specifically that of the “contagion” effect, whereby countries tied to each other damage each other’s economies due to their interconnectedness and speculative panic. China has enough experience of this phenomenon from their own region of the world and though mostly unaffected in the past, they realize how serious this domino effect can be.
