What they say

China's contribution to the world economy can be analyzed from three perspectives. First, China has become the world's second-largest economy and its GDP accounted for 15.5 percent of the global total in 2015, according to the IMF. It has become a major engine propelling the growth of the world economy and global economic recovery. Second, China's poverty reduction greatly contributes to the global efforts to reduce poverty. From 1990 to 2015, the number of poverty-stricken people worldwide decreased to 836 million from 1.9 billion and China accounted for more than 70 percent of the reduction. Third, China's economic links with the world have helped stabilize the world economy and contributed to the post-crisis recovery of the global economic and trade system. China's trade in goods has topped the world for three consecutive years and it is second in terms of trade in services. Although its foreign trade fell due to the decline in global trade, the decrease is significantly less severe compared with developed economies. In 2015, its imports of goods helped create 20 million jobs globally. Its outbound direct investment, which is expected to exceed $500 billion in the 2016-20 period, will help boost global economic growth. More importantly, China's success in maintaining stable growth provides a new "China model" for other countries to learn from.

Wan Xiangyu, researcher, Institute of Quantitative and Technical Economics, the Chinese Academy of Social Sciences

China's economy has not only outperformed other economies, China's economic strategy has also "out thought" Western economic models. From 1978 onwards China ranked first among all economies in terms of economic growth. This growth necessarily shows that China's economic model not only produced more rapid growth than developed economies but also capitalist economies at the same stage of economic development. The degree to which economies influenced by the "China development model" outgrew the world average was huge. From 1978 onwards China's rate of growth was almost six times the world average. Since 1989 China again grew almost six times as fast as the world average. In social policy, China undertook massive and conscious programs deliberately aimed at eradicating poverty - these are to be completed in the 13th Five-Year Plan by 2020 by lifting the remaining 70 million people out of poverty. It deliberately promotes development through urbanization as a way of moving the population into higher productivity economic sectors; it deliberately seeks to narrow the income gap between rural and urban areas; it does not rely exclusively on "the market" but deliberately uses State infrastructure spending to raise the economic level of its less developed inland provinces; and China has legally guaranteed private property but a key economic role was assigned to the State sector. The facts of world economic development show that China's development policies were the most successful in producing both economic growth and poverty reduction.