China's five-year plans, the blueprints in which the country set its economic goals with a long-term vision, offer valuable lessons for all economies, said Eduardo Pedrosa, executive director of the APEC Secretariat, on Wednesday.
In an interview with China Media Group (CMG) in the Republic of Korea (ROK)'s Gyeongju, host city for the 32nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting, Pedrosa shared his perspectives on China's distinctive approach to long-term planning.
China's practice of formulating five-year plans provides valuable reference for all nations, according to Pedrosa.
"It's always good to be forward-looking, to have a plan on what you plan to do and to measure what you will achieve. I think there's this well-known saying that 'If you can't measure it, it won't get done.' So, this is very useful for different economies to think about. Our hope is that in setting these plans it will make us work towards that common goal," Pedrosa said.
Chinese President Xi Jinping explained China's perception of time to foreign leaders in these words: "Our understanding of time is measured in centuries and millennia." Asked to share his comment, Pedrosa said that maintaining such a long-term perspective in international development and multilateral cooperation is of crucial importance.
"Long-term goals are always good. It provides a guidebook, a map for the kind of objectives that you want to reach. There may be bumps along the road, you may be diverted, but at the end of the day you're hoping that you get to that 100-year goal. So, for example, APEC has its Putrajaya Vision that looks forward 20 years. That might be short in China's view, but again, still it's a long-term goal for us that we will be working towards. So there'll be bumps along the road. But we all hope that by working together we will achieve that goal," he said.
China's five-year plans offer model for all economies: APEC official
China's five-year plans offer model for all economies: APEC official
The usually bustling streets in the travel hub of Dubai in the United Arab Emirates (UAE) remain quiet while the city's airport -- normally one of the busiest in the world -- is practically deserted following Iranian missile attacks that have affected civilian areas over the past few days.
Joint military strikes launched by the U.S. and Israel on Iran on Saturday have triggered a sharp escalation across the Middle East, setting off waves of missile exchanges, mounting casualties, and far-reaching political and security repercussions.
Iran has responded with retaliatory strikes on various targets, with explosions reported in numerous countries including the UAE.
In recent days, the sounds of blasts have echoed in Dubai, leading to a noticeable decrease in the number of people and vehicles on the streets, while UAE authorities have advised residents to remain vigilant.
The closure of airspace across the Gulf region has also caused widespread disruption and left hundreds of thousands of passengers stranded.
Dubai International Airport now appears virtually empty, with no information displayed on the arrival boards.
Only one screen is operational for departures, and while the majority of flights have been canceled, the UAE has now started permitting a limited number to take off via what it is calling "safe air corridors" in careful coordination with other Gulf countries.
Some travelers gathered in the airport's waiting area on Tuesday, hoping to secure a spot on one of the handful of flights out of the country.
"I'm going back to India. I'm really excited. I came as a tourist. I arrived a week ago. I should have left on Sunday. But I'm leaving on Tuesday, today, two days later," said one Indian traveler.
However, many more remain stuck and can only wait patiently for more updates from airlines.
"I bought one (ticket) a month ago. But the plane that should fly now is canceled. I cannot fly away," said a stricken visitor from Germany.
Despite the circumstances, others say they will stay put and see how the situation unfolds.
"Yeah, I will stay in Dubai," said a worker from Uganda.
The number of visitors in the typically lively Dubai Mall is also noticeably down, while the landmark Apple Store is also presently closed.
The UAE's Ministry of Defense said on Wednesday that its air defense systems have intercepted close to 900 Iranian drones since the crisis erupted.
The ministry also confirmed that the attacks on the UAE have resulted in three fatalities as well as 78 minor injuries.
Dubai streets remain quiet as travel disruption continues after Iranian attacks
