Abstract: The paper analyses the development tendency of world economy in 2002, the general opinion is that world economy will recover from recession, but the degree of recover will be not too big. Paper also discusses the issues, such as economic globalization, China entrance WTO as well as China further opening to the outside world and so on. It also describes the influence of world economy to Chinese economic performance in terms of foreign trade, FDI, RMB exchange rate, CPI and financial services. Finally, paper introduces some suggestions to policy makers combined with economic situation.