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Taxpayers must pay the freight for over-budget train projects
Topic - Guo Zhenyuan
Chinese political and business leaders are increasingly triumphant after two decades of rapid economic growth that lifted unprecedented millions of people out of poverty and turned the nation into an economic superpower, saying their success proves its political and economic system is superior to the Western model.
"The international financial crisis has obviously strengthened China's international position and amplified its international influence, so much so that the relationship between China and the world has been taken to a turning point," he said.
China gained the admiration of developing nations around the world with its ability to weather the crisis emanating from the U.S., even emerging from the downturn as the world's main engine of growth, while its superior economic performance provoked jealousy in the U.S. and other developed nations, he said.