The rise of China is the single biggest geopolitical change of the 21st century. There is virtually no problem in the world that can be resolved without China. ... I would like to see America engage with China from a position of strength, but with the attitude of partnership.
Around 1990, when the Chinese economy had been steaming ahead at an annual growth of 9 percent for 10 years, many scholars did not believe such momentum could continue much longer, economist Justin Yifu Lin recalled in a 2011 speech.
The launch of reform and opening-up in the late 1970s gave Chinese farmers an incentive to increase agricultural output, gradually liberalized the State sector, encouraged the growth of private enterprises and opened the door to foreign investment, enabling the country to post a GDP growth rate averaging 9.4 percent from 1978 to 2018. To reduce opposition to reform while ensuring high rates of market-driven growth, the government retains a role in resource allocation in a mixed system suited to the country's needs.
From remarkable economic growth to rapid progress in space and aviation; from hosting numerous international gatherings to building the world's largest high-speed railway network - China has come a long way in the past 70 years. Here, we take a look at 20 aspects of life that have witnessed significant advances.
The snowcapped Gaoligong mountain range kept the Dulong valley and its inhabitants - the Dulong people - isolated from the outside world for years.
We should not forget the fact that China has contributed the most in world poverty alleviation in the past decade.
The initial excitement surrounding the launch of a new market is bound to fade over time, but Shanghai's sci-tech innovation board, or STAR Market, has attracted continued interest from investors since its dazzling debut in late July.
China's A-share market is becoming more attractive to overseas investors as the country maintains a steady pace of economic growth and capital market opening-up amid a precarious global recovery, experts said.
Nanchong is taking the lead in upgrading its industrial system and developing as a key economic center in Sichuan province, according to local officials.
Relying on its geographical advantages and open business environment, Nanchong in Sichuan province is aiming to promote economic cooperation with the outside world under China's Belt and Road Initiative, according to local officials.
Nanchong in Southwest China has seen fruitful expansion in recent years and aims to become a key city for Sichuan province's opening-up and cooperation, local officials said.
Nanchong in Sichuan province is a key hub along China's Silk Road Economic Belt and the Yangtze River Economic Belt. It is making great efforts to build itself into a world-class city for economic development, tourism and culture, according to local officials.
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