Abstract:

China, one of the oldest states of world history, adopted the open economy in 1978 and, thus, proceeded from an economy, characterized with autocracy and centralized planning, to an economy, open to international trade and foreign capital. In integration of China to the global trade system, its being a member of World Trade organization in 2001 played important role. As a result of all these developments, and the continuous and effective reforms it applied, China, nowadays, is pointed out as competitor in the future of USA that has the one numbered economy of the world. The aim of study, putting the place of China in international trade and finance system under the magnifying glass, is to make a prediction on its future. Another aim is to make predictions toward whether or not China will further exchange with USA.

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