Aerial photo taken on Aug 10, 2016 shows a view of Meishan bonded area in Beilun of Ningbo, east China's Zhejiang Province (Xinhua/Huang Zongzhi)
In the government work report delivered at the opening of the annual NPC session on March 5, China pledges to reduce its population of rural poor by over 10 million this year
Official figures show that over the past 40 years, China has lifted more than 70 million of its rural residents out of poverty, and the poverty rate -- the proportion of people living below the Chinese poverty line -- had fallen among the rural population from 975 percent in 1978 to 31 percent at the end of 2017
"For me, it is just a miracle that over 40 years, over the course of one working lifetime, China has gone from one of the poorest countries in the world" to one that is about to eliminate absolute poverty, said Craig Allen, president of the US-China Business Council
Varaprasad Sekhar Dolla, a professor of Chinese studies at India's Jawaharlal Nehru University, also spoke highly of China's achievements in poverty reduction
"If global poverty came down quite substantially in the last three or four decades, it's partly because of the Chinese contribution to reducing poverty within its own national boundaries," said the Indian scholar
In the eyes of Khairy Tourk, a professor of economics with the Stuart School of Business at the Illinois Institute of Technology in Chicago, "many countries look up to China to learn from its experience"
"The Chinese experience is based on building a modern infrastructure and then on setting up special economic zones that would help underdeveloped countries to industrialize," he added
Staff members serve dishes at a restaurant in Longwangba Village of Xiji County in Guyuan, northwest China's Ningxia Hui Autonomous Region, Aug 30, 2018 (Xinhua/Wang Peng)
At a press conference on the sidelines of the ongoing Two Sessions, State Councilor and Foreign Minister Wang Yi said the initiative has bee the world's largest platform for international cooperation and the most weled global public good
He noted that a total of 123 countries and 29 international organizations have signed BRI agreements with China
Keith Bent, vice chairman of Britain's 48 Group Club, a consultancy work for British panies seeking to do business with China, said that the BRI "is inclusive and offers the greatest opportunity for both investment and development in decades"
"Its emphasis on infrastructure and connectivity lays the best possible foundations for promoting all-round, prehensive economic development and improvement of people's livelihood in the future," he said
Noting that China treats each country on the basis of equality, Tourk said, "I think it's a matter of time before all nations e to realize the wisdom behind the Belt and Road Initiative"
China is the only major country in history "that has made the development of poor countries one of its top priorities," he added "Through the BRI, many of these nations are fortunate to enjoy Chinese funding and know-how for the building of modern infrastructure and industrial economic zones"
The BRI, he said, "is going to be the engine of growth in the 21st century"
Photo taken on June 2, 2016 shows the Yantian Port in Shenzhen, south China's Guangdong Province (Xinhua/Mao Siqian)
Another hot topic is the draft law on foreign investment that is expected to be voted on during this year's Two Sessions
The draft law, said Tourk, will make "it easier for foreign firms to do business in China"
Sotiris Petropoulos, an assistant professor at the Department of Political Science and International Relations at the University of the Peloponnese in Greece, voiced a similar opinion
Once passed, "the new law is expected to decrease barriers to foreign investment and render foreign panies' operations within the country easier and more balanced than before," he said
Mahmoud Raya, editor-in-chief of the "China in Arab Eyes" news website, said the draft law is "considered as a fundamental change in China's foreign investment management system, which will improve openness, transparency and predictability of the investment environment"
"I think that the Chinese leadership is very wise, and that they realize that market-oriented petition will lead to greater growth," said Allen "And one way to spur that growth is to allow foreign panies to play a stronger role in China"
A man works on a production line at Dongfeng-Renault plant in Wuhan, central China's Hubei Province, Feb 1, 2016 (Xinhua/Wang He)
In this year's government work report, China sets its gross domestic product (GDP) growth target for 2019 at 6-65 percent, and vows to promote high-quality and sustainable growth
"During the initial years of the country's economic miracle, China experienced double-digit growth rates Now it is pursuing high-quality sustainable development," said Tourk
"The Chinese development has fascinated the world It has made the country the workshop of the world It has also created the biggest middle class in history," he added
To Suliaman Turay, a lecturer and researcher on business and public policy with the Pan African Institute for Development West Africa, a think tank in Cameroon, China's economic growth is a real eye-opener for African countries
"The steady increase in high-tech investment speaks volumes of the determination of China to maintain stable and quality growth," he said, adding that Africans need to gain a petitive advantage in international trade by learning from the Chinese people
"As long as China continues to upgrade its economic structure for quality growth, driven by innovations in science and technology, its development will continue to offer opportunities for African countries," Turay noted
Elvis Ngolle Ngolle, a professor at the University of Yaounde II in Cameroon, said Chinese innovation is helping to boost economic and social development in other countries, and helping them cultivate their own talent
A good example, Ngolle said, is the Chinese agricultural technology which "is transforming barren land into fertile farmland in Africa"
"As China continues to realize more benefits from its reform, the innovative spirit of the Chinese people will continue to flourish, which will contribute even more to the progress of mankind," he added