China's 'Two Sessions' Send Positive Signals to the World

  • March 14, 2014
  • By Yang Yi
  • Editor: Cindy Yang
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China's 'Two Sessions' Send Positive Signals to the World
The National People's Congress (NPC), China's parliamentary body, concludes its annual session on the morning of March 13, 2014. [Women of China / Fan Wenjun]
Overseas media and experts have been interpreting and commenting on the 12th National People's Congress (NPC) and the 12th National Committee of the Chinese People's Political Consultative Conference (CPPCC) for a long period, expecting the messages released from the two sessions to bring the world positive and profound influences.

The 7.5 percent growth target "signalled the shift from investment- and export-fuelled growth towards a slower, more balanced and sustained expansion," Reuters commented.

German Frankfurter Allgemeine Zeitung daily said China's move could help the world economy avoid new turbulence.

The growth target is "reasonable," Augusta Girado, economist of Argentine Asia and Argentina Strategic Consulting said, adding that maintaining growth in a major economic power like China is not only an economic issue, but also concerns social affairs and the global economic situation, so it is necessary to slow down.

An important part of the government work report is the Chinese central government streamlining administration and delegating power to lower-level governments as the top priority on the reform agenda, said Timothy Cheek, professor and director of the center for Chinese Research, the University of British Columbia.

The key is the follow-up implementation of the report, he said.

China is the most active country in reform, as the whole nation has reached a consensus on where there is no reform, there is no way out, Xuewu Gu, director of the Center for Global Studies of Bonn University, said.

Actually, the reform in China has already changed the country, and is changing the world from geopolitical landscape, global energy structure and climate changing, to Africa's integration into globalization and EU's foreign capital structure-changing, he said.

It is not exaggerating to say that whether China's reform, which has moved into "uncharted waters", can succeed or not has an important bearing on China's future as well as the world's perspective, he said.

China should promote key reforms while maintaining stable growth, Giorgio Prodi, economic professor of Italian University of Ferrara, suggested.

If the reform can be implemented successfully, especially in curbing pollution and expanding domestic demand, it will be good news for the whole world, he said.

He believes people-oriented urbanization could create a fairer competition environment for both local and foreign companies, which would strengthen China's status as the driving engine of the global economy.

It is not easy for China to accomplish the target set for reducing pollution, said a lecturer of economics from Kenya's Kenyatta University said, adding strict measures need to be adopted and it takes time and requires determination.

China's rapid development has set a fine example in political and economic areas to the rest of the world, said Ziad Helmi al-Fiqi, secretary general of Egyptian-Chinese Chamber of Commerce, noting that China has never interfered with other countries' internal affairs, and will not allow interference from foreign countries with its own.

(Source: Xinhua)

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NPC Concludes Annual Session

The National People's Congress (NPC), China's parliamentary body, concluded its annual session on the morning of March 13, 2014.

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