World lauds China's development in past 10 years

0 Comment(s)Print E-mail Xinhua, November 12, 2012
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Elizabeth Economy, director for Asia studies at the Council on Foreign Relations, told Xinhua China had made huge achievements in its development in recent years.

Since it adopted the reform and opening-up policy more than 30 years ago, China had become one of the important engines for global economic growth through developing manufacturing and foreign trade, she said, noting China played a key role in world development.

With its rapid economic growth, China's economic, social and institutional structures had undergone profound changes, which now put it in a new historical development period, she said.

Henning Kristoffersen, a China expert in Norway, told VG Nett China had changed a lot over the past few years.

Before the turn of the millennium, China was regarded as a great but poor country the outside world cared much less about, Kristoffersen said, but China was now the world's fastest growing economy and had passed Japan to become the world's second largest economy in 2011.

China's future economic growth would be characterized more by innovation and brand creation, Kristoffersen said.

Ruslan Izimov, a research fellow at the Kazakhstan Institute for Strategic Studies, said China chose the path of reform and opening up, and building socialism with Chinese characteristics 30 years ago.

China had played an ever bigger role in the world economy and politics in the past scores of years, he said, noting China had emerged as the world's second largest economy after the United States, achieving fast growing foreign exchange reserves and overseas investment.

The CPC played an immeasurable part in scoring these achievements, Izimov said.

Eugenio Anguiano Roch, professor at a Mexican economic teaching and research center, said the Chinese leadership had always made turning China into an advanced, strong and prosperous state as its goal, noting China had successfully lifted thousands of millions of people out of poverty since it adopted its reform and opening up policy 30 years ago. This was a remarkable achievement and proved, in a way, the CPC's governance was right and scientific, Roch said.

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