International Monetary Fund (IMF) Managing Director Kristalina Georgieva has praised China’s development model for its positive impact beyond its borders. In a recent interview with CGTN, Georgieva highlighted how China’s experiences have been transformed into “knowledge and success stories” in other parts of the world.
“What you have achieved in China has turned into knowledge and success stories in other parts of the world,” Georgieva said, emphasizing the global significance of China’s economic strategies. She cited Ethiopia as an example where China’s development approaches have been effectively applied to improve people’s well-being.
Georgieva noted that the IMF learns from China’s experiences and promotes these insights to other countries seeking development. “What we learn from China, we transmit it to other countries,” she remarked, underlining the importance of sharing successful development models to foster global growth.
China’s ability to enhance the welfare of its population and contribute to global development has attracted attention from international organizations and developing nations alike. By adapting China’s successful strategies, countries like Ethiopia have been able to accelerate their own economic growth and reduce poverty.
The IMF chief’s comments reflect the organization’s recognition of the valuable lessons emerging from China’s economic transformations. As countries worldwide grapple with development challenges, China’s experiences offer practical solutions and inspiration for sustainable progress.
Georgieva’s acknowledgment of China’s global contributions underscores the interconnected nature of modern economies and the importance of knowledge sharing. By leveraging insights from successful models, nations can collaboratively address development hurdles and strive for shared prosperity.
Reference(s):
cgtn.com
