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Overseas experts optimistic about global influence of Chinese economy

2015-September-29       Source: Xinhuanet.com

Overseas experts have expressed optimism about global influence of the Chinese economy, saying that China's economic restructuring and reforms and maintenance of stable growth will create opportunities for common development of the world.

Chinese President Xi Jinping

Chinese President Xi Jinping(C back) speaks at a China-U.S. CEO roundtable discussion in Seattle, the United States, Sept. 23, 2015. (Xinhua/Huang Jingwen)

Overseas experts have expressed optimism about global influence of the Chinese economy, saying that China's economic restructuring and reforms and maintenance of stable growth will create opportunities for common development of the world.

Commenting on a somewhat slowdown in China's economic growth and a downward pressure faced by the Chinese economy, the experts generally believed that for the Chinese economy which has already profoundly integrated itself into the global system, such fluctuations and setbacks are actually related to the process of global economic revival.

In his current visit to the United States, Chinese President Xi Jinping on Wednesday reassured U.S. business leaders on the positive prospects of the Chinese economy.

"The trend of China's economy toward growth and expansion has not changed," Xi said at a China-U.S. CEO roundtable in Seattle.

"China's economic fundamentals remain solid and will continue to maintain a long-term steady growth at a medium-to-high speed," he said.

Stable Growth

Roberto Dumas, a Chinese economy expert at Brazil's Insper Institute of Education and Research, said the slowdown has appeared as a result that China has actively slowed its economic growth to conduct economic restructuring.

Despite the existence of different voices, there is a consensus among international and Chinese institutions that China's economic growth is expected to reach 7 percent this year.

"After 35 years of extraordinary economic growth, China is still growing at 7 percent annually. True, that is lower than before, but still at a rate that dwarfs anything in the West," Martin Jacques, a British academic, said in an article published on Sept. 14 on the website of British newspaper The Guardian.

British Finance Minister George Osborne, during his recent visit to China, has repeatedly brushed off concerns over China's economic and financial stability, saying that the slowdown to 7 percent of the GDP growth after years of double-digit rises still puts China in a position to create a new economy the size of Britain's over the next five years.

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Editor: Monica Liu

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