How China's deepening reform is relevant to the rest of the world?
Description
China's latest reform resolution, which includes over 300 measures, aims to transform the nation into a high-standard socialist market economy by 2035. How will it affect the rest of the world?
In this episode on the recent third plenary session of the 20th Central Committee of the Communist Party of China, Turkish economist Caglar Kuzlukluoglu says that as emerging economies face challenges stabilizing their economies, China’s approach is a valuable model.
Wang Dan, Chief Economist at Hang Seng Bank China, sees the resolution as a move to adjust China's infrastructure for its evolving demographics, suggesting increased private sector involvement in areas like railways and energy for better efficiency.
American scholar Josef Mahoney from East China Normal University believes that despite external pressures, China's focus on innovation positions it as a competitive force in the fourth industrial revolution, offering a model for other developing nations facing similar challenges.
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