From Chinese Press

What does it imply after China becomes world's No. 2 economy?

By Wu Liming, Ye Shuhong (Xinhua)
Updated: 2010-08-05 10:01

By exaggerating China's rise, some are also attempting to stir up the concerns or even hostility of neighboring countries against China.

GDP is never the only gauge of a country's economic strength, and therefore is not a justified measure of responsibilities either.

The rise of the Chinese economy poses no threat to the global economy. Instead, it brings more benefits and opportunities to the world at large.

ViVek Arora, the IMF's chief representative in China, has said that since the world economic crisis in 2008, China has made the biggest contribution of any single economy to global economic growth.

The biggest developing country, China has actively taken on its due responsibilities. It has provided huge assistance and help to other developing countries, especially less-developed countries.

A prosperous Chinese market also provides more opportunities for the global economy, its neighbors in particular.

On Jan. 1, the Free Trade Area agreement between the Association of Southeast Asia Nations (ASEAN) and China took effect, boosting trade and economic cooperation between the two sides.

In the first half of this year, trade between China and the ASEAN surged 55 percent to 136.5 billion U.S. dollars.

The Moscow-based weekly The View has a keen observation on China's economic growth.

"It is wise for China to recognize that it still remains a developing country," the newspaper said.