China's economic development contributes to the world

2012-3-19 11:13:00 From: http://www.chinadaily.com.cn

As the economic globalization is progressing, the connection between China's economy and global economy is becoming tighter. More foreigners have expressed their admirations on China's economic achievements. They generally believe that the global economic development cannot go without China and the healthy and steady economic development of China is a huge contribution to the world.

A doctor from the Hanoi University of Vietnam told People's Daily that China's economic achievements have astonished the world. As the globalization is accelerating, the mutual dependence between China's economy and global economy has also strengthened. While China is developing its transformation of economic growth mode and its economic structural adjustment, China's economic development is also becoming steadier and injecting new energy into the regional and global economy. In a general environment where the negative impact caused by the international financial crisis still has not completely disappeared, China's steady economic development gives the world's confidence on the early recovery of the global economy.

Doctor Martyn Davies, former Executive Director of the Confucius Institute under the Stellenbosch University of South Africa and the CEO of Frontier Advisory, an African consultant firm, said that after the global financial crisis broke out, China showed a high ability to handle economic mess and confirmed its national image as a responsible power. China currently is not obsessed with developing hard power such as military force, but keeps showing its soft power, using its economic and cultural muscle to build up the international relations, which should be positively confirmed. China's national image of a responsible power is more reflected from the economic area.

The Chinese edition Website of the U.K.-based Financial Times recently published an article named "Beijing teaches a masterclass in macro policy strategy" written by Stephen S. Roach, a professor of the Yale University. The article says that China's performance in economic management area is much better that most people's affirmation on it and China even has taught the world a lesson in macro-policy and macro-strategy realms. The professor wrote, "Nowhere is that more evident than on the inflation front, where Chinese authorities have waged a successful campaign against what has long been the nation's most destabilizing economic threatThis reflects the effects ofpolicy actions taken by Beijing."

Silvia, a student of the National Autonomous University of Mexico said China's economy has been growing sharply and maintained a two-digit growth rate for a long period, and it is an economic miracle of the world and has made China an important engine driving the global economy. China's development has fostered and created many commercial opportunities, which are attracting overseas investors to invest and start businesses in China. Meanwhile, products "Made in China" are also going global and accepted by the world. "Low price and high quality" are now a general impression of Chinese products in the global market. China's growing comprehensive national strength has also reinforced the global power of peace and promoted the global development and prosperity to certain extent. After the global financial crisis broke out, China has been actively participated in solving it together with other countries and made important and admirable contributions to eliminating the negative impact brought by it.

Kamer Kasim, vice director of Turkey's International Strategic Research Organization told People's Daily that China's economic development is very remarkable. For the world, China's economic development not only has important economic significance but also has important political significance. Economically, China, as the second largest economy of the world, not only produces huge amounts of industrial products, but also promotes the development of the whole industrial chain covering from the raw material to the product research and development. China is playing the role of driving the global economy as an engine. Politically, the Cold War has ended and the international system is no longer a zero-sum game but a mutual-dependence system sharing both weal and woe. In this situation, China needs oversea markets as well as raw materials, and other countries also need China's cheap but good products, which reduce the possibility of a world war breaking out. This phenomenon, which is especially outstanding in the China-U.S. relations, promotes the global peace, stability and development objectively.

   

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