Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Moscow, January 26 (Xinhua) — A prolonged period of impressive economic growth while maintaining social stability is a virtually unique phenomenon in modern history, said Andrei Ostrovsky, a Russian scholar and chief researcher at the Center for Contemporary China Studies at the Institute of Oriental Studies of the Russian Academy of Sciences, in an interview with Xinhua.
"The Chinese modernization experience is unique in its scale and the depth of its penetration into the social fabric. Also virtually unique is the impressively long period of Chinese economic growth while maintaining social stability, as well as its resilience to external and internal shocks. World history has arguably never seen anything like it," he said.
A. Ostrovsky has been studying the Chinese economy for many years. His new book, "China's Economic Reforms at a Glance," has just been published. It details the process of Chinese reform since 1978.
"During periods of profound economic reform, various social contradictions always intensify in all countries. China is no exception. However, the Chinese leadership has placed great emphasis on social support. China's social policy has been oriented toward the interests of the population, encompassing all social strata and groups. And this has been effective," emphasized A. Ostrovsky. He noted that China's long period of social stability is an impressive achievement.
According to the Russian scholar, China's experience can be used by other countries in many ways. Above all, A. Ostrovsky believes, China's experience in improving its public administration system, combining planned and market mechanisms for economic regulation, and taking into account local specifics is of great importance.
"First of all, it's necessary to carefully study China's experience of combining directive state planning and market mechanisms for economic regulation, as well as its experience of taking local specifics into account. After all, conditions in different provinces of China vary greatly, and so do the methods of governance and economic reform," the expert explained.
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