Number: 97-932 Title: China's Economic Development: An Overview Authors: Wayne M. Morrison, Economics Division Abstract: Many analysis predict that China's economy will likely continue to experience rapid growth in the near future, especially if economic reforms are expanded and deepened. As a result, the importance of China as a U.S. trading partner could be greatly enhanced. U.S.-Chinese economic relations have been a major issue in the annual congressional debate on extending China's most-favored-nation (MFN) status, as well as congressional oversight of the Administration's policy towards China's application to join the World Trade Organization (WTO). Pages: 6 Date: October 10, 1997