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Egyptian-Chinese Council praises Beijing's economic growth
The article discusses China's economic experience as a developmental miracle, highlighting its success in achieving strong and remarkable economic growth over the past three decades following the start of its economic openness in 1988. It pointed out that the annual growth rates reached about 10%, leading to a 300-fold increase in the size of the economy. It also noted that Chinese society has developed significantly, with increased prosperity and improved quality of life. China has successfully employed its human resources effectively, transforming them from a burden into a main source of production and consumption, which contributed to supporting economic growth. Additionally, China is currently focusing on citizens' welfare and improving living standards as part of its new developmental phase.
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