Page 11 - The South China Business Journal
P. 11
nese miracle ushers in new era growing outbound tourism provide great
opportunities for the rest of the world.
Some 40 years ago, China's gross domestic John Ross, former director of Economic
product (GDP) was less than 400 billion and Business Policy for the Mayor of
RMB, placing it in the ranks of the world's London, said that no country in the world
least-developed low-income countries. In has contributed as much as China.
1978, China began to carry out its reform
and opening-up policy.
China has become the center of world
From then on, after nearly 40 years, more economic growth. Therefore, China's
than 700 million people have been lifted entry into a new era will also provide
out of poverty. China has become the opportunities for the world's economic
second-largest economy in the world and growth, he said.
the world's major growth engine. China As the economy keeps growing,
also provides a strong impetus for global structural changes in China's economy
governance reform. Today, the total volume have begun to affect the trend of world
of China's economy has increased over 200 economic development.
times, with an annual increment equivalent
to that of a medium-sized developed After the outbreak of the international
country. It is its reform and opening-up financial crisis in 2008, the world economic
policy that makes China able to catch up structure witnessed an accelerated
with the times and march toward a brilliant adjustment along with global economic
future of national rejuvenation. governance system changes. In the face
In a congratulatory letter to the of the changing circumstances, China
Fortune Global Forum 2017, Chinese has decisively implemented a supply-side
President Xi Jinping said China's structural reform, pushed forward the
economy has the foundation, condition improvement of its industrial structure,
and impetus to maintain stable growth helped make economic growth innovation-
and sound momentum. driven, and effectively mitigated the impact
of external challenges. Led by an upgraded
China has maintained its position as version of the reform and opening-up
the world's second-largest economy policy, China has gradually become a major
and contributed more than 30 percent contributor to world economic growth,
of global economic growth. China's helping to improve the global economic
massive overseas investment and structure, and a leader in global economic
TUNEgovernance reform. (Unfold to continue)
South China Business Journal 9
opportunities for the rest of the world.
Some 40 years ago, China's gross domestic John Ross, former director of Economic
product (GDP) was less than 400 billion and Business Policy for the Mayor of
RMB, placing it in the ranks of the world's London, said that no country in the world
least-developed low-income countries. In has contributed as much as China.
1978, China began to carry out its reform
and opening-up policy.
China has become the center of world
From then on, after nearly 40 years, more economic growth. Therefore, China's
than 700 million people have been lifted entry into a new era will also provide
out of poverty. China has become the opportunities for the world's economic
second-largest economy in the world and growth, he said.
the world's major growth engine. China As the economy keeps growing,
also provides a strong impetus for global structural changes in China's economy
governance reform. Today, the total volume have begun to affect the trend of world
of China's economy has increased over 200 economic development.
times, with an annual increment equivalent
to that of a medium-sized developed After the outbreak of the international
country. It is its reform and opening-up financial crisis in 2008, the world economic
policy that makes China able to catch up structure witnessed an accelerated
with the times and march toward a brilliant adjustment along with global economic
future of national rejuvenation. governance system changes. In the face
In a congratulatory letter to the of the changing circumstances, China
Fortune Global Forum 2017, Chinese has decisively implemented a supply-side
President Xi Jinping said China's structural reform, pushed forward the
economy has the foundation, condition improvement of its industrial structure,
and impetus to maintain stable growth helped make economic growth innovation-
and sound momentum. driven, and effectively mitigated the impact
of external challenges. Led by an upgraded
China has maintained its position as version of the reform and opening-up
the world's second-largest economy policy, China has gradually become a major
and contributed more than 30 percent contributor to world economic growth,
of global economic growth. China's helping to improve the global economic
massive overseas investment and structure, and a leader in global economic
TUNEgovernance reform. (Unfold to continue)
South China Business Journal 9
