A fast-developing China benefit to global economy

During the 1998-2002 period,China‘s gross domestic product (GDP) increased by 7.7 per cent annually and Chinese citizens‘ living standards improved significantly. A robust Chinese economy will be a major benefit to world economic development.     

Our distance to an overall well—off society

Thirteen years have elapsed and time has proven Deng Xiaoping's political farsightedness. Under the guidance of CPC's third generation collective leadership, with Jiang at the core, China's re-form and opening-up drive has achieved an his-toric breakthrough and a brand new environ-ment has emerged for the cause of building socialism, with Chinese characteristics, initiated by Deng. One of the most encouraging things about