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China's reform and opening-up benefits regional, world economy

(Xinhua)
Updated: 2008-11-29 17:15

Thirty years of reform and opening-up in China has not only benefited its people, but also contributed to the stability and development of the regional and world economies, Vietnamese Prime Minister Nguyen Tan Dung said in Hanoi in a recent interview with Xinhua.

China has maintained continuous and steady growth over the past years, said Dung. When several Asian countries were hit by the 1997 financial crisis, China not only maintained its stability, but also played a positive role in helping the regional economy recover, he added.

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Faced with the current worsening global economic crisis, China is still able to continue its stable growth. This must be attributed to its continuous reform of economic and financial sectors, the Vietnamese leader said.

China's reform and opening-up policy, adopted 30 years ago, has enhanced its overall national strength, lifted its status in the international arena, and improved its people's living standards, he said.

The achievements of China's reform and opening-up policy are glorious and impressive, with two ultimate highlights this year. One being the outstanding Beijing Olympics, the other the successful mission of the Shenzhou-7 spacecraft and the first spacewalk by a Chinese astronaut, said Dung.

China has become Vietnam's No.1 trading partner, with bilateral trade expected to reach $21 billion this year. China has invested in more than 600 projects in Vietnam so far, their contracted value being worth over two billion dollars.

Dynamic bilateral exchanges are continuing at different levels and in various forms. To further intensify economic ties, Vietnam and China have agreed to develop a comprehensive strategic partnership, Prime Minister Dung said.

He said he believes the Vietnam-China relationship will continue to blossom in the new era, and will contribute to regional and world peace, stability and development.