The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account (money).[1] In some contexts, the two terms are distinguished: the "international" or "global economy" being measured separately and distinguished from national economies while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use, and exchange the definitions, representations, models, and valuations of the world economy vary widely. It is inseparable from the geography and ecology of Earth.

It is common to limit questions of the world economy exclusively to human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind.

However, even in cases in which there is a clear and efficient market to establish a monetary value, economists do not typically use the current or official exchange rate to translate the monetary units of this market into a single unit for the world economy, since exchange rates typically do not closely reflect worldwide value, for example in cases where the volume or price of transactions is closely regulated by the government.

1. Certificate of HSK

Certificate of HSK (Chinese Proficiency Test)

2. Photocopy of valid passport

With name, passport number & expiration date, and photo included

3. Passport photo

A recent passport-sized photo of the applicant

4. Postgraduate school transcript

5. Master's degree diploma

Graduation certificate in languages other than Chinese or English should be translated into Chinese or English and be certified by notarization.

6. Letter of recommendation

From professor or associate professor or equivalents

• Question: What is the cost of applying through ACASC?

Answer: ACASC charges a service fee of 50$ for using its online application portal. Applying through ACASC into Chinese universities attracts a service fee of $50.

• Question: Can I apply to the university directly?

Answer: Yes. ACASC gives the applicants, the chance to directly apply to their desired universities through our online application portal. We have synchronized our system to create a simple platform that connects universities and colleges in China to international students all around the world.

• Question: How can I track my application status?

Answer: To track the application status, please log in your ACASC personal account. Whenever there’s an update, you will be informed on your application status through ACASC system within a day as soon as we receive university’s notification. You will simultaneously receive ACASC auto-email about the application status. To directly inquire about your application status, feel free to send us an email to admission@acasc.cn and our team will keep you updated.

• Question: How to deal with a pending application?

Answer: When an application is pending a decision it means that your school has received it and no admissions decision has been made yet. The admissions office may have reviewed your application package or may not have.

The main cause of a pending application is usually incomplete application documents. As a result you will be requested by the school’s admission office to re-check and modify all submitted application documents or perhaps even add extra documents and then re-submit them.

To avoid further delays, carefully read the university’s comments, modify your application form on ACASC, and re-upload the required application documents. You can contact ACASC on admission@acasc.cnfor any help with regards to your pending application

• How long does it take to process my application?

Processing time varies for different applications. For example to process a degree program application requires more time than a Chinese language application. Confirmation for Chinese language application by the admission office usually takes 2 to 4 weeks. However, time for degree programs application differs. For example fall semester application processing is after March, and it takes a period of 1 to 2 months. This also depends on your qualification and the number of applicants.