Country's rise sets example for world

China's rapid rise has set an example for the rest of the world, according to Jeffrey Sachs, professor of economics at Columbia University in the United States.

"China demonstrated by the way that in 40 years, an economy of 1.4 billion people could go from basically extreme poverty to a remarkable dynamism and technological excellence. If we can infuse that approach, widely, globally, this is what can happen all over the world," Sachs said in a speech broadcast at Vision China, a virtual event held by China Daily on Wednesday. (Read more)