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China's success in economic reform draws praise

(Xinhua)
Updated: 2009-08-27 10:40

China's success in economic reform draws praise

Photo taken on Aug 2, 2009 shows highways in Anshan city, Northeast China's Liaoning province. [Xinhua]

Since the founding of the People's Republic of China 60 years ago, the Chinese economy has developed into a model of prosperity under the leadership of the Chinese Communist Party.

China's efforts have drawn praise from around the globe.

Thanks to its huge development, China has become a member of the world's major rising markets and is wielding increasing influence on the global economy. To many experts, China's economic success is a miracle of Asia and the world as well.

The Chinese economy has long been a driving force for the world's economic development. From 1979 to 2007, it registered an annual growth of 9.8 percent, 6.8 percent higher than the world average, and its rate of contribution to the world economy rose from 2.3 percent in 1978 to 14.5 percent in 2006, second only to the United States.

During a series of interviews with Xinhua, many foreign experts expressed their appreciation of China's economic reform.

Mohan Guruswamy, director of the Indian Center for Policy Alternatives and a former adviser to the finance minister, has been surprised at how the Chinese economy has kept its high speed of development over a long period of time.

The reform and opening up policy brought China into fast development, Guruswamy said, adding that the resulting achievements show the wisdom and far-sightedness of China's leaders.

Guruswamy said a huge volume of foreign direct investments stimulated industries on Chinese mainland and helped build the country into a major manufacturing base.

China's infrastructure was improved, the commercial market was enriched, and the Chinese people's living standard was greatly enhanced at the same time, he added.

Luiz Antonio Paulino, an international relations professor at Brazil's Saint Paulo state university, said China's development process can be divided into two stages.

In the first stage from 1949 to 1978, the Chinese people's major task was to consolidate the basis of their new country.

"Only the competent Chinese Communist Party could succeed in uniting all of the people and setting the country's progress as the common target of each citizen," said Paulino, also president of the San Paulo Confucius College.

Paulino said that in the second stage, from 1978 on, China began to experience deep changes, especially after late leader Deng Xiaoping's symbolic tour of southern China in 1992.

"All those who have visited China were impressed by the hopeful and dynamic society and could feel the Chinese people's pride in their culture and tradition," Paulino said. "They found that people in the country were confident of the future and were united for a stronger and more prosperous nation."

Russian scholar Yakov Berger appreciated China's choice of a development mode suitable for its own situation.

China received help from the former Soviet Union during its industrialization process, but it did not copy the the Soviet mode. Instead, it made arduous efforts to explore a development plan designed for its own needs, said Berger, a senior research fellow with the Institute of Far Eastern Studies of the Russian Academy of Sciences.

Facts prove that China made the right choice, he said.

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