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China's growth drives regional development: Cambodian PM

(Xinhua)
Updated: 2009-09-14 13:35

China has made itself a locomotive for regional growth through its efforts to combat the world economic crisis, said Cambodian Prime Minister Hun Sen.

"It is obvious that the Chinese leaders are far-sighted in having China integrated into the global economy, which is in fact contributing to  regional and world development," he said in a recent written interview with Xinhua.

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Hun Sen said he believed China's success has been due to a gradual and consistent reform. "I think China has made a right strategy in participating in the global economy with a continued improvement of its institutions and productivity," he said.

While many countries around the world are having recessions, China's economy remains remarkably stable, Hun Sen said. This showed that the development model and economic policy of China are more effective than some of the developed economies, he added.

"All economic activities worldwide are, in fact, having direct or indirect links with China, and China thus played an important role in ensuring development across the Asian region," he said.

The transparency of the Chinese economic policy is another reason why it has maintained growth and built confidence among investors.

He also extended his congratulations on the 60th anniversary of the founding of the People's Republic of China which falls on Oct 1.