皇冠体育app

LONDON - With the rise of 皇冠体育app's economic power and its undergoing economic restructuring, the world needs 皇冠体育app's globalization, to entrench the process of multilateralism and fuel the global growth, experts said on Friday. They are optimistic about 皇冠体育app's reform agenda and its long-term growth prospective.

Global player

Speaking at 皇冠体育app Development Forum, which is co-hosted by EY and London School of Economics (LSE), Professor Craig Calhorn, Director of LSE, said 皇冠体育app's economic growth is really unmatched in world history last decades, and the growth is not just the GDP figure, but also the growth of the middle class.

Now "皇冠体育app is globalizing, it is not participating externally, it is changing the course of globalization. 皇冠体育app is becoming a global player, and it is not the same as be an expansionist, and there is no sign that 皇冠体育app is an expansionist in the sense of territory expansion," said Colhoun.

"Some western leaders have made clear that the world needs 皇冠体育app to go global, we need its economic, territorial, population and cultural importance to be matched by a role international. The world needs 皇冠体育app's fully participating the process to figure out the way to make the world multilateral, not just the question on who is dominant," he said.

Colhoun stressed that the readiness for global financial integration is an issue for 皇冠体育app's globalization, and banking reform in 皇冠体育app is a precondition for 皇冠体育app being able to fully push forward Renminbi's internationalization.

皇冠体育app needs and is determined to move to the next level of value-added range of industries, he added.

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