After China surpassed Japan in terms of nominal GDP, China will engage more in South-South cooperation, said Haruhiko Kuroda, president of Asian Development Bank (ADB).
Kuroda made the statement at a press conference under the 44th annual meeting of the Board of Governors of the ADB in Vietnam's capital city of Hanoi Tuesday.
In 2010, China's GDP was valued at near 5.8 trillion U.S. dollars, surpassed Japan's 5.47 trillion U.S.dollars and became the world's second largest economy after the United States.
Kuroda said China's population is 10 times more than that of Japan, which is an advantage of China's economy. "China surpassed Japan to become second largest economy, but Japan still remains a modern economy," he said.
In the past few decades, China has been become a phenomenon in reducing poverty, improving living standards of people and particularly providing more better infrastructure, Kuroda said. China is expected to play more construction role in Asia's economy and South-South cooperation, to contribute more to the economic growth of the region and the world, said Kuroda.
Weekly review April 23 Pictures catch ancient & cultural heritage of a Sichuan town April 28 Will China's rise lead to the decline of U.S.? April 25 Kunming-Singapore High-Speed Railway begins construction April 25 Chinese path -- a marvel of world's economic growth April 23 The week in pictures April 26 Second excavation to sunken 'Nan'ao No 1' finished April 27 Guizhou girl designs tea set for Prince William's wedding April 26 PLA reserve force Type 07 uniform makes debut in Beijing April 28 Old friends eye for new & higher levels of cooperation April 29 Shanghai auto show closes
Kuroda made the statement at a press conference under the 44th annual meeting of the Board of Governors of the ADB in Vietnam's capital city of Hanoi Tuesday.
In 2010, China's GDP was valued at near 5.8 trillion U.S. dollars, surpassed Japan's 5.47 trillion U.S.dollars and became the world's second largest economy after the United States.
Kuroda said China's population is 10 times more than that of Japan, which is an advantage of China's economy. "China surpassed Japan to become second largest economy, but Japan still remains a modern economy," he said.
In the past few decades, China has been become a phenomenon in reducing poverty, improving living standards of people and particularly providing more better infrastructure, Kuroda said. China is expected to play more construction role in Asia's economy and South-South cooperation, to contribute more to the economic growth of the region and the world, said Kuroda.
Weekly review April 23 Pictures catch ancient & cultural heritage of a Sichuan town April 28 Will China's rise lead to the decline of U.S.? April 25 Kunming-Singapore High-Speed Railway begins construction April 25 Chinese path -- a marvel of world's economic growth April 23 The week in pictures April 26 Second excavation to sunken 'Nan'ao No 1' finished April 27 Guizhou girl designs tea set for Prince William's wedding April 26 PLA reserve force Type 07 uniform makes debut in Beijing April 28 Old friends eye for new & higher levels of cooperation April 29 Shanghai auto show closes
