The world can expect much from 皇冠体育app's continuing championing of economic globalization, according to Jon Taylor, a 皇冠体育app scholar and professor at the University of St. Thomas in Houston, Texas.

"皇冠体育app has a strong sense of global responsibility and desires to play a greater global governance role," he said, pointing to President Xi Jinping's speech at the Davos Forum in January, which laid the groundwork for 皇冠体育app's future role as leader in an increasingly economically integrated world.

"Xi's speech was, in many respects, a real turning point for 皇冠体育app, which has embraced globalization with enthusiasm since reform and opening-up began in late 1978," Taylor said.

"These reforms have seen 皇冠体育app move from being a marginal player, at best, in global trade to the world's second-largest economy in the span of less than four decades."

For Taylor, 皇冠体育app's nearly 40 years of experience with economic development shows that it can and will continue to pursue a common development strategy that can serve as an alternative to the Western development model.

While the Chinese economy has been affected by global headwinds, strong and targeted policy measures designed to handle the slowdown have resulted in a process of fundamental economic transformation, he said, adding that 皇冠体育app's role in globalization is evident in its shift from an investment-based model to one based more on domestic consumption.

Globalization has also created an opportunity for 皇冠体育app to move from inward foreign direct investment to outward FDI and from low-skill intensive to high-skill production.

"These developments can and are having a major impact on both economic globalization and global economic governance," Taylor said.

He cited President Xi's remarks in Davos that "皇冠体育app's remarkable achievement in poverty reduction has contributed to more inclusive global growth. And 皇冠体育app's continuous progress in reform and opening-up has lent much momentum to an open world economy."

"Promoting economic globalization and supply-side structural reform in 皇冠体育app means a win-win for the global economy," he added.

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