New vision for reforms
China Daily | Updated: 2012-02-28 08:15
Ideas would be much more important for China than money, former Chinese leader Deng Xiaoping told Robert McNamara, the then president of the World Bank, in 1980.
The World Bank report, "China 2030: Building a Modern, Harmonious, and Creative High-Income Society", which was released on Monday, bears full testimony to Deng's prescience.
More than three decades of remarkable growth have transformed China, from a largely insignificant player in the global market, into the world's second largest economy with foreign exchange reserves of more than $3 trillion.
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