China's irreplaceable role in the global economy

Source: Xinhua| 2019-12-28 21:30:45|Editor: huaxia
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BEIJING, Dec. 28 (Xinhua) -- What does China mean to the world economy? In Xinhua's interviews done in 2019, many overseas experts hailed China's irreplaceable role in the global economy. The followings are some notable quotes from experts worldwide.

Photo taken on May 16, 2018 shows an automatic container dock in Qingdao, east China's Shandong Province. (Xinhua/Wang Peike)

As "stability" became the key word at China's annual Central Economic Work Conference, head of the UK Investment Office at UBS Wealth Management noted that the realization of China's objectives for 2020 can help reduce uncertainty for the world economy.

Lao workers are seen at the China Railway No.2 Engineering Group (CREC-2)'s China-Laos railway beam fabrication yard in Laos on July 22, 2019. The construction of the China-Laos railway is a major project under the China-proposed Belt and Road Initiative (BRI) and Laos' strategy to transform from a landlocked country to a land-linked hub. (Photo by Xiong Tianze/Xinhua)

"I am struck by the breadth and scope of China's engagement with the world. There is now no matter of global importance in which China does not participate," said Robert Lawrence Kuhn, chairman of the Kuhn Foundation.

Photo taken on Aug. 19, 2018 shows the exterior of the Reppie waste-to-energy facility in Addis Ababa, Ethiopia. The project was constructed by China National Electric Engineering Co., Ltd. (CNEEC). (Xinhua/Lyu Shuai)

China has been a major growth engine for the world economy, and its economic health bears global significance, said International Monetary Fund (IMF) Managing Director Kristalina Georgieva.

Containers of China COSCO Shipping Corporation Limited are seen at the Port of Long Beach, Los Angeles County, the United States, on Feb. 27, 2019. (Xinhua/Li Ying)

"There is a clear commitment of the Chinese government" to continue its "integration with global economy," said Director-General of the World Trade Organization (WTO) Roberto Azevedo.

"Connecting more to others, importing more, exporting more, all those connectivities are fundamental if we are looking at the long-term sustainable process of development."

Danish artist Poul Pava (1st R) communicates with visitors at the booth of Danish design house Aida at the Lifestyles exhibition area during the second China International Import Expo (CIIE) in Shanghai, east China, Nov. 7, 2019. (Xinhua/Liu Ying)

"I think it (the China International Import Expo) reflects China's global importance precisely as a precursor of international trade," said Jose Luis de la Cruz, director of Mexico's Institute for Industrial Development and Economic Growth.

In recent years, especially the past decade, China has been open to trade with the entire world, and that "benefits not only China's development, but also the world's."

Photo taken on Oct. 25, 2019 shows the arrival ceremony of the first freight train of the China Railway Express (Yiwu-Liege) Alibaba eWTP Cainiao from eastern China's Yiwu in Liege, Belgium. (Xinhua/Pan Geping)

At a time when we are seeing major players "look inward" or look for protectionism which excludes others, China advocates that "we embrace international solidarity, we open up opportunities in our economies for greater and deeper engagement," said Secretary-General of the United Nations Conference on Trade and Development (UNCTAD) Mukhisa Kituyi.

Photo taken on Aug. 12, 2018 shows a screen displaying real-time coordinates of global vessels in Shanghai, east China. (Xinhua/Jin Liwang)

"Maintaining steady and fast export plays a vital role in boosting economic growth for all member states, especially for the poor countries. If China keeps its market wide open to all, it will dramatically help boost related countries' economic growth," said Former Vice Chairman of the United Nations (UN) Business Council John W. Allen.