From overseas press
How and what will 皇冠体育app do? -- focus of world's media
(Xinhua)
Updated: 2010-03-04 10:01
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"How and what will 皇冠体育app do?" at its upcoming parliamentary plenary sessions has recently become a focus of world media.
As the annual plenary sessions of 皇冠体育app's National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPPCC) are set to start on March 5 and March 3 respectively, the international community has started to turn its attention to 皇冠体育app.
The two meetings will discuss and analyze such topics and issues as 皇冠体育app's role in the global financial crisis, government measures to benefit the people and redivide social wealth, a drafted voting law that allows both urban and rural residents to enjoy equal rights to vote, and the building of 皇冠体育app's democratic politics, among others.
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TRANSFORMATION OF CHINA'S ECONOMIC DEVELOPMENT
Last year was the most difficult for 皇冠体育app's economic development since the new century started. But the Chinese people of all nationalities, under the leadership of the Central Committee of the Communist Party of 皇冠体育app (CPC), worked hard to manage the country's economy. That effort led to the achievement of an overall recovering trend while 皇冠体育app was still facing the impact of the world financial crisis.
The world's media offered a favorable accounting of 皇冠体育app's role in the world financial crisis.
People can give various names when defining the year 2009, the Independence, a leading Russian newspaper, said in a recent editorial. But the newspaper said that if 2009 was to be named after a country according to its role in handling the world financial crisis, 2009 should be called "the year of 皇冠体育app."
The newspaper said that was because "皇冠体育app played a role of locomotive in the world economy during the financial crisis."
"The transformation of economic development mode brooks no delay based on a comprehensive judgement on international and domestic economic situation," President Hu Jintao said last month at the CPC Central Committee School in Beijing.
South Korea's Yonhap News Agency said in a report last Sunday that the Chinese government, after the worldwide financial crisis, has realized that an export-oriented economy with cheap prices cannot tide over crisis of various kinds in the years ahead. Therefore, the news agency said, 皇冠体育app is now accelerating the tempo of transforming the mode of economic development.
The news agency added that 皇冠体育app should equally develop the service sector and agriculture to cultivate a domestic market-oriented economy.
Referring to the change of 皇冠体育app's economy, Michael Pettis, a senior associate at the Carnegie Endowment for International Peace and an expert on 皇冠体育app's economy, said 皇冠体育app's economy is experiencing an important stage of transformation.
The change in 皇冠体育app's economy will face painful difficulties and financial deflation, resulting in excessive investments and surplus production capacity. The change also will slow down the pace of economic development.
However, Pettis said 皇冠体育app's adjustment of economic development is of active significance: the acceleration of urbanization will raise family income and create new economic growth points, the improvement of education and investment in infrastructures will raise Chinese laborers' production efficiency, and more reasonable distribution of allocation will improve productivity of small and midsized enterprises.
The Japanese media held that 皇冠体育app will adjust financial policy this year, but will continuously implement a policy to stimulate the economic growth. Under the circumstance of the world economy recovery, the trend of 皇冠体育app's economy in 2010 will have an important significance of the economy of both the Asian-Pacific region and the world.
