Russia has long made the development of the Far East a priority and initiated the Eastern Economic Forum to promote economic development and international cooperation in the vast region. The participation of the heads of state and government of China, the Republic of Korea, Mongolia and Japan in the fourth Eastern Economic Forum in Vladivostok, Russia, earlier this month has given the annual event added significance.
Just before the collapse of the US investment bank Lehman Brothers triggered a financial crisis that would engulf the world economy, the Commission on Growth and Development published an assessment of emerging economy growth strategies, aimed at drawing lessons from previous research and experience. Over a decade later, many - if not most - of those lessons remain unheeded.
A widely circulated article on the internet, which asserts "the private sector has completed its task of assisting the development of the public economy and therefore should gradually exit the economy", has triggered heated discussions online. But a closer scrutiny would reveal the author turns a blind eye to China's economic reality.
Continuing on the road of reform and opening-up is the only way to ensure China's national rejuvenation and is a natural choice as the country grows richer and stronger, according to veteran diplomat Liu Xiaoming.
The proposed Shanghai-London stock connect represents a major step forward in China's opening-up process, as the nation continues to integrate with international markets, said Nikhil Rathi, chief executive of London Stock Exchange PLC.
British economist Jim O'Neill was cycling in a remote village in southern China in late 2009 when he spotted a large poster on a dilapidated wall that stopped him in his tracks.
China's rapid growth since it embarked on reform and opening-up in 1978 has not only created an economic miracle for the country but also provided a new development model for other emerging economies to look to, according to Martin Jacques, author of the global best-seller When China Rules the World.
Innovation will help China develop a knowledge economy as the country enters its next stage of reform and openingup, Oxford University scholar Fu Xiaolan said.
Editor's note: This year marks the 40th anniversary of the launch of China's reform and opening-up policy. China Daily profiles people who experienced or witnessed the important drive.
Li Yongjie can still vividly recall the details of the first brain operation he conducted to treat Parkinson's disease after he returned from the United States 20 years ago.
Parkinson's disease is one of the most common movement disorders that Li Yongjie and his colleagues at the Beijing Institute of Functional Neurosurgery have been fighting over the past 20 years.
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