Experts on China's development

CNC
Added On October 13, 2017

It's just over a week until China hosts its 19th National Congress of the Communist Party of China.
 
The meeting will review the Party's work over the past five years.
 
For an international view on China's recent development, we sat down with a series of experts from around the world.
 
SUB-TITLE: CHINA'S FIVE-YEAR ACHIEVEMENTS 
 
Over the past five years, despite a global economic slowdown, China's economy is stable, and maintained average growth of 7.2 percent from 2013 to 2016.
 
Emad al-Azrak, Secretary General of the Egyptian-Chinese Dialogue Forum, stressed that in the past five years Chinese government has been committed to achieving its goals in economic, political, cultural and social realms.
 
SOUNDBITE (Arabic): EMAD AL-AZRAK,  Egyptian-Chinese Dialogue Forum
 (01:10-01:39) 
"The last five years China succeeded at openness to the world and attracting global investments, launching a lot of big initiatives just like the Belt and Road Initiative that changed Chinese diplomacy in a good way and also gave China the chance to have more and more allies, especially from the developing countries."
 
The expert added that China has become a driving engine in stimulating world's economy. 
 
SOUNDBITE (Arabic): EMAD AL-AZRAK,  Egyptian-Chinese Dialogue Forum
(01:43-02:30)
"And I think that now China is leading the world to a new international diplomatic and economical system, so I think that China in the past five years has already changed the world and that's because of the great efforts that made by the Chinese government."
 
The view is echoed by Khairy Tourk, a professor at Stuart School of Business of Illinois Institute of Technology.
 
SOUNDBITE (ENGLISH): KHAIRY TOURK, Stuart School of Business of IIT
00:00-01:22 
"China has made great achievements in the last five years, one of them is of course to keep the economy growing at a very spectacular rate of 6.7 percent. And the second achievement is to keep the RMB Yuan stable despite many difficulties, (Delete)like the last we had a problem of catpial flight, that kind of thing. The third achievement is to reduce the country's debt, at present it is about 260 percent of GDP. But China is coming up with new innovative ways to deal with it, like the private public partnership. This means the local government would not have the burden of financing infrastructure, now that the public is participating in the finance.(Delete)"
 
INTRO
 
Over the past five years, Chinese leaders have also underscored the significance of innovation for the country's science and technology development.
 
PKG
 
SUB-TITLE: CHINA'S FIVE-YEAR INNOVATION GROWTH
 
Robert Hormats is Vice Chairman of Kissinger Associates and also a close watcher of China. He said the level of innovation in China has grown very rapidly.
 
SOUNDBITE (ENGLISH): ROBERT HORMATS, Vice Chairman of Kissinger Associates
"I say that China is doing well because it's very innovative and very hard working, and very competitive, the educational system is turning out vast numbers of engineers and scientists, mathematicians, so if you really want to know China, you have to look at China's internal strength."
 
James Laurenceson is a professor from the Australia-China Relations Institute at the University of Technology Sydney. He says China's economy has already made the shift to innovation.
 
SOUNDBITE (ENGLISH): JAMES LAURENCESON, University of Technology Sydney
"Five years ago there was some talk about whether innovation could really happen in China. The reality is that in many sectors of the economy, e-commerce for example, China is leading the world in those areas, it's not catching up anymore."
 
INTRO
 
Experts say China's achievements over the past five years "are innumerable and unquestionable."
 
They said they are impressed by the Belt and Road Initiative proposed by Chinese President Xi Jinping. 
 
PKG
 
SUB-TITLE: CHINA'S "BELT AND ROAD" INITIATIVE
 
To build a community of shared future for mankind, Chinese President Xi Jinping put forward the Belt and Road Initiative. 
 
Over 100 countries and international organizations support the plan and a large number of early harvest projects are already making a difference to the lives of ordinary people. 
 
SOUNDBITE (ENGLISH): HANS HENDRISCHKE, Professor of University of Sydney Business School
"China plays a very practical role and that is essentially built around the Belt and Road Initiative and these are projects, this is international cooperation, this is moving trade streams from a focus on the United States and Europe to third world countries and to South-South links."
 
SOUNDBITE (ENGLISH): ROBERT HORMATS, Vice Chairman of Kissinger Associates
"I think he (Xi Jinping) has developed in the areas that I followed most closely, a very comprehensive and historic regional plan in One Belt One Road, and China's economy is now moving in the right direction on many levels."
 
SOUNDBITE (ENGLISH): HELGA ZEPP LAROUCHE, Founder of Schiller Institute
0:2:33
"And I think that being such a good model for other countries. President Xi Jinping is so enthusiastic of Chinese model and Chinese dream. So it is such an important place. The Belt and Road Initiative is the strategy on the planet right now. It is the prescription for peace, development for overcoming poverty."