China's economic reform sets example: Russian expert

VLADIVOSTOK, Russia, May 5 (Xinhua) — The current condition of the Chinese social-economical development is stable and deserves attention, a Russian expert said Thursday in an exclusive interview with Xinhua.

“It is a very unique task to reform such a huge economy and the country, thus I give the highest score to the Chinese economic reform,” said Maxim Krivelevich, head of the expert community of the School of Economics and Management at the Far Eastern Federal University.

He also said universities worldwide can cite China’s economic reform as an example in teaching how to survive the crisis and make it a legitimate part of the economic process.

The Chinese economic policy not only encourages growth, but also makes the economic readjustment less painful, the expert said.

The slowdown of China’s economy was a challenge for the whole Asian region and the world as there is no coutry that is not trading with China, he said, adding that “in such condition, it is very important for the United States, Europe and other Asian countries to see China not as an enemy but as a partner and ally to achieve significant results in their cooperation.”

On the upcoming G20 summit in Hangzhou, China, on Sept. 4-5, the expert said he expected a significant convergence of positions of countries on such issues as territorial disputes and trade conflicts related to the rules of the World Trade Organization.

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