Wednesday, November 21 2018 15:02

ArmInfo.An international scientific conference, commemorating the 40th anniversary of China's  reform and opening up policy, organized by the Noravank Scientific and Educational Foundation, started in Yerevan.

As opening of the conference, Ambassador of China to Armenia Tian  Erlong noted that since the beginning of the reforms, the Chinese  economy has recorded a jump-like growth; the aggregate power of the  country has also strengthened. According to him, over the past 40  years, the republic's GDP has increased 30 times; China has become  the largest producer of industrial goods, the country with the  largest gold reserves. "If in 1978 the share of GDP per capita was  381 Yuan, then in 2017 this figure reached $ 8 thousand 800. 740  million people over the past 40 years went out of poverty, adding to  the number of people with average incomes. In China, the largest in  the world the middle stratum, and this figure will increase  significantly by 2020, "the ambassador said.

He noted that over the past 40 years, China has moved from a closed  policy to a comprehensively open policy with Chinese capital entering  the international market. "Currently, Beijing is promoting the Silk  and Sea Silk Road policy, contributing to the global geopolitical and  economic processes," the diplomat said.

The Ambassador cited the effective harmonization of socialism with  the Chinese experience as the basis of success recorded by the  country. "We are also open to advanced world experience, but not  blindly adopting it, but adapting to Chinese realities. Our success  was also due to the incredible ability to work of the Chinese  people," the diplomat explained.

He stressed that the Chinese-Armenian friendly relations are rooted  in the era of the Silk Road. "Now, our relations are characterized by  a high level of mutual trust and development dynamics. The Chinese  reform experience opens up new opportunities for building up  bilateral relations", the Ambassador concluded.

In turn, a Professor at the Institute of World Economy and Politics  of the Academy of Social Sciences of the PRC Sung Hoon said that by  the end of 2018, China's GDP per capita would be $ 10,000. "China has  become the second largest economy in the world, and the process of  economic growth continues," the expert said.

He further explained the reasons for the rapid progress of the  Chinese economy. "The first reason is that China abandoned the  original model of socialism based on 100% state property in favor of  people's property, and the second is that the country became the  leader of global production," said Hun, stressing that the reforms  aimed at ensuring the country's independent development. and  self-sufficient economy. But for this, as the expert noted, advanced  foreign technologies were needed, for the acquisition of which  currency was needed, which was a problem at the initial stage of the  reforms, so the government revised the policy of a closed economy in  favor of an open one. "We realized that socialism should contribute  to improving people's well-being. To this end, we opened our markets;  joint ventures and free economic zones were created. But this does  not mean that China abandoned the socialist development model," Sung  Hoon concluded.