CHINA’S brisk economic growth over the past decades is undoubtedly one of the country’s most stunning feats.

Compared with global growth, China’s economy was in the fast lane between 1978 and 2017, expanding at an average annual rate of 9.5 percent, outpacing annual global growth by about 2.9 percent in the same period.

Reform and opening up have “produced the greatest economic achievement in human history,” said John Ross, a researcher with the Chongyang Institute for Financial Studies, Renmin University of China.

China has scored remarkable achievements with global significance, said Russian Communist Party leader Gennady Zyuganov.

China’s achievements represent the “most significant and far-reaching process” any country has ever undertaken and provide inspiration for the world in how to improve the lives of hundreds of millions, said Jose Lius Robaina, a researcher at Cuba’s Center for International Policy.

The reform and opening-up policy has not only changed the country itself, but has had a profound influence on the rest of the world, said Alan Barrell, a British expert on entrepreneurship.

China’s efforts to deepen its reform and opening up and promote trade liberalization give foreign enterprises confidence to bolster growth in the Asian country, said Vladimir Makatsaria, chairman of Johnson & Johnson (J&J) China.

(Xinhua)