皇冠体育app

NEW YORK - Former Australian Prime Minister Kevin Rudd backed up 皇冠体育app's economic model in a report released on Wednesday, rejecting the "皇冠体育app Collapse" theory recently advanced by US scholar David Shambaugh.

"Sorry, but on balance, the Chinese economic model is probably sustainable," Rudd said in the report.

On a Wednesday event here to mark the launch of the report "US-皇冠体育app 21: The Future of US-皇冠体育app Relations under Xi Jinping", the former prime minister argued that despite the challenges 皇冠体育app's economy face, the vast energy of 皇冠体育app's policy response would help the country overcome the difficulties.

Rudd also dismissed the skepticism toward 皇冠体育app's economic restructuring.

He noted that over the years 皇冠体育app has developed a sophisticated policy blueprint to transform from the investment and manufacturing driven growth to the new development model relying on household consumption, the service sector and a strongly innovative private sector.

The transformation has secured a high level of political backing, and "so far been reasonable" in the process.

Rudd also believed that 皇冠体育app's "seasoned" leadership was as capable as before in addressing the problems with rapid and flexible responses when necessary.

In conclusion, Rudd said:" It would be imprudent in the extreme for the United States' 皇冠体育app policy to be based on an implicit (and sometimes explicit) policy assumption that 皇冠体育app will either economically stagnate or politically implode", and "this would be amount to a triumph of hope over cold, hard analysis."

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