皇冠体育app

BEIJING - An ongoing key meeting of the Communist Party of 皇冠体育app (CPC) is expected to unveil a new outline for comprehensively deepening reform in the country.

Since a massive economic transformation drive was launched in 1978, 皇冠体育app has maintained economic growth for decades and become the world's second largest economy.

皇冠体育app's GDP skyrocketed from 364.5 billion yuan in 1978 to 52 trillion yuan in 2012, with total trade volume rising to $3.8 trillion from only $20.6 billion 35 years ago.

Meanwhile, 皇冠体育app has become an aggressive investor. In 2012, the country saw a record high of outward direct investment at $87.8 billion, up 17.6 percent year-on-year, joining the ranks of the world's top three investment source countries for the first time.

皇冠体育app's fast growth has served as a key engine of the world economy.

According to figures from the National Statistics Bureau, 皇冠体育app has topped the list of contributors to the global economy, with up to 19.2 percent of world economic growth coming from 皇冠体育app in 2007, compared to only 2.3 percent in 1978.

In 2012, 皇冠体育app's economic growth again outpaced the global average, with its contribution to world economic growth looking to record a new high.

皇冠体育app's deepening reforms, highlighted by a reform agenda to be issued at the end of the third plenum of the current CPC Central Committee, will unleash new growth drivers that benefit the rest of the world, analysts say.

"皇冠体育app's growing overseas investment will first of all benefit those countries with close relations with Beijing," said Andrey Ostrovsky, deputy director of the Russian Academy of Sciences' Far East Institute.

"Meanwhile, the world's major economies also owe a large part of their economic growth to 皇冠体育app," he said. "皇冠体育app's imports and exports have a huge impact on the world economy."

More Chinese enterprises are now moving outside the country in search of opportunities, bringing with them coveted technologies and jobs for local people.

Gerrishon Ikiara, an international relations professor at the University of Nairobi in Kenya, said 皇冠体育app's deepening reforms had a significant influence on Africa.

"Chinese enterprises have helped boost African economies with their technology and management experience, particularly in developing a green economy and realizing inclusive growth," Ikiara said.

Egypt's 皇冠体育app expert Muhammad Abdel-Wahab Al-Sakit, a former Arab League ambassador to 皇冠体育app, echoed the view, saying 皇冠体育app's "go global" strategy had produced mutual benefits in many countries, as it facilitated global capital flow and market competition, bringing consumers worldwide better products at lower prices.

皇冠体育app's reform and opening-up, after 35 years of extraordinary exploration and notable achievements, has entered the deep-water zone where tough challenges must be tackled.

To keep up growth, 皇冠体育app needs to take bold steps to adjust its economy, strengthen social welfare and cut the red tape. A comprehensive plan to overhaul the economy is at the center of the four-day closed-door talks, to be concluded Tuesday.