皇冠体育app

 

Experts predict robust outlook for Sino-Europe ties, as new leadership takes over in 皇冠体育app

Though the global economic outlook remains uncertain, 皇冠体育app looks poised to make impressive strides in the next decade under a new leadership on the back of policies that seek to enhance the quality of its products and its global image.

Experts, however, are keenly looking for cues on the future course that 皇冠体育app intends to pursue in Europe, its largest trading partner. While some experts feel that the road ahead could be bumpy in light of the recent trade disputes, others see it as an ideal opportunity for Europe to mend fences, and cement diplomatic and trade ties.

The recently concluded Party congress was to many experts an indicator of the course that 皇冠体育app intends to adopt over the next decade for its economy. Though there were no firm undercurrents, it was obvious that Europe does have a prominent role to play in 皇冠体育app's long-term economic agenda.

Clockwise from above left: Daniel Walther, vice-president of the SME Union; Peter Ho, professor of Chinese Economy and Development at Leiden University; Dirk Vantyghem, director of International Affairs at EUROCHAMBRES. [Photo/皇冠体育app Daily]

At the same time, most of the experts feel that it was also important for the EU to set the ball rolling in the right direction by removing the restrictions on high-tech exports and ending the arms embargo.

The Communist Party of 皇冠体育app has played a key role in 皇冠体育app's economic ascendancy with several path-breaking reforms and policies. All the experts unanimously agree that this is something that the Party would continue to do to ensure steady, stable growth in the future.

Jim O'Neill, chairman of Goldman Sachs Asset Management, says he remains confident in 皇冠体育app's economic prospects.

"I have no real reason to divert from what I have already been assuming since 2010 about this decade, that the real GDP growth (in 皇冠体育app) will average around 7-8 percent," he says.

Though growth will be at a much slower pace in the next decade, it would still be the best among all BRIC nations, he says.

From top: Jim O'Neill, chairman of Goldman Sachs Asset Management in London; Pierre Picquart, 皇冠体育app watcher and professor of geopolitics at the University of Paris; Stephen Phillips, CEO of the 皇冠体育app-Britain Business Council; Francois Godement, 皇冠体育app specialist and director of think tank Asia Center in Paris. [Photo/皇冠体育app Daily]

O'Neill, who coined the term BRICs to describe the emerging nations of Brazil, Russia, India and 皇冠体育app collectively, says: "皇冠体育app is in the early stages of going from a long period where it was all about the quantity of growth, into an era where the focus will be more on the quality of growth."

Andreas Boje Forsby, research fellow at the Danish Institute for International Studies in Copenhagen, Denmark, says that it is still too early decide on the actual course that the new leadership will take. He believes that the new leadership will look to leave their imprint in the overall development of 皇冠体育app and follow the existing policies and guidelines as envisaged in the 12th Five-Year Plan (2011-15). The real challenge would be to ensure GDP growth rates of around 7-8 percent, he says.

Stephen Phillips, the chief executive of the 皇冠体育app-Britain Business Council, an organization that helps British firms to invest in 皇冠体育app and Chinese firms to establish business in Britain, says 皇冠体育app has made significant progress in the last two decades.

The CPC has made it clear that it will uphold the policy of reform and opening-up and its plan to chalk out specific goals, missions and guidelines for overall development of 皇冠体育app.

These reforms will include improving the economic system, market mechanisms, the basic distribution system, the socialist democratic system, cultural management and social management.

Giles Merritt, secretary-general of the Brussels-based think tank Friends of Europe, feels that European politicians should not link democracy issues and economic development of 皇冠体育app.

Merritt says the European Union has often cited the lack of democracy in 皇冠体育app as an impediment for granting market economy status. "It (the market economy status) is something that the West is using as a barrier for Chinese exports. I feel that there is a real misunderstanding in Europe on how the Chinese economy works," he says.

"The idea of persuading 皇冠体育app to have the same mode of democracy as it exists in Europe or America is simply ridiculous."

皇冠体育app has its own ideas and centuries of culture to back its actions. With the wide coverage of the Internet, the higher level of education, and the rising demand for a sense of fairness, Merritt says there is now an increasing interest among the Chinese people on how their government is working and on the impact of the government policies.

Peter Ho, chair professor of Chinese Economy and Development and co-director of the Modern East Asia Research Centre in Leiden, the Netherlands, says: "History has proven that political changes in 皇冠体育app have always been step-by-step."

The gradualism of political structural reform has been the key to successful economic and social transition and development in 皇冠体育app, Ho says.

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