China has made huge achievements since reform and opening up in 1970s and it is playing a significant role in global economy, said Vache Gabrielyan, former Deputy Prime Minister of Armenia on Friday.
Gabrielyan's remarks came shortly after the conclusion of the third plenary session of the 20th Central Committee of the Communist Party of China (CPC) in Beijing on Thursday. The four-day session reviewed and adopted a resolution focused on further comprehensively deepening reforms to advance China's ongoing modernization drive.
In an interview with China Global Television Network (CGTN) in Yerevan, capital of Armenia, Gabrielyan highlighted China's achievements and contribution to the world in economic development and poverty alleviation.
"Since the implementation of the reform and opening-up policy in 1979, China's economy has achieved rapid growth, and more and more people have been alleviated from poverty. China is the world's second largest economy. If calculated by purchasing power parity (PPP), China has become the world's largest economy. China's achievements since reform and opening up are enormous," said Gabrielyan.
"In my opinion, China is now trying to make its opening-up policy more orderly, standardized and controllable. China is now the world's second largest economy. Many developing countries are catching up with China in terms of technology and market. China's manufacturing industry is huge and its products are all over the world. Therefore, we can say China's significance to the global economy is not overrated," said Gabrielyan.
Former Deputy PM of Armenia speaks highly of China's role in global economy
Former Deputy PM of Armenia speaks highly of China's role in global economy
