Nobel laureate Thomas J. Sargent described China's economic development as a "miracle" in an exclusive interview with China Central Television (CCTV).
Speaking in Shanghai, Sargent, who won the 2011 Nobel Prize in economic sciences, said China's pace of development has been unprecedented.
"I'm 82. When I was 40, China was a very poor country. And now, when we're sitting in the places I visit now, they are the most advanced in the world. And that happened in the shortest time in the history of a country of this size. So, it's generally a miracle for an economist to see," he said.
Sargent, who has visited China multiple times for academic exchanges, offered the remarks as his latest assessment of the nation's development path.
Nobel laureate lauds China's economic development as "miracle"
A Chinese military spokesperson on Friday urged the Philippine side to strictly control operations of its maritime and air troops, immediately cease all provocative and risky acts, and stop its smear campaigns and propaganda.
On March 25, Chinese People's Liberation Army Navy Ship (PLANS) 532 was conducting a routine patrol in the waters under China's jurisdiction near Zhubi Jiao of China's Nansha Qundao, according to Zhai Shichen, a spokesperson for the People's Liberation Army Southern Theater Command.
Upon detecting a Philippine Navy ship, PLANS 532 initiated radio communications to remind the Philippine ship, said Zhai.
Ignoring repeated radio reminders from the Chinese side, the Philippine ship 507, navigating on the port side of PLANS 532, adjusted its course to the starboard side before making a deliberate turn to the same direction, dangerously approaching PLANS 532 and disrupting its navigation. PLANS 532 then took professional and standardized moves, successfully avoiding an accident, according to Zhai.
The spokesperson said that the operation of the Philippine Navy ship was unsafe and unprofessional, which could have easily led to a maritime accident. "Worse still, the Philippine side made a false accusation, claiming that the Chinese ship made a 'dangerous approach'," Zhai said.
"We sternly urge the Philippine side to strictly control operations of its maritime and air troops, immediately cease all provocative and risky acts, as well as its smear campaigns and propaganda," Zhai said.
The troops of the Southern Theater Command remain on high alert at all times and will resolutely defend China's territorial sovereignty, security, and peace and stability in the South China Sea, added the spokesperson.
China urges Philippine side to strictly control operations of maritime, air troops
China urges Philippine side to strictly control operations of maritime, air troops
