Practical referential experience in growth without harming environment

In his speech delivered to the China Development Forum in Beijing on Sunday, World Bank President Ajay Banga said China's remarkable development over the past decades proves anything is possible.

"In 1978, 770 million people in China lived on the razor's edge of extreme poverty. Nearly every single person — 98 percent — in the rural countryside were below the poverty line," he said. "But, the same year, China launched a determined strategy to embrace difficult reforms that fundamentally changed its development trajectory."

What Banga said of China's development is to the point. Thanks to the reform and opening-up process, China has grown from a poor and backward country to becoming the world's second-largest economy and built a moderately prosperous society in all respects. It succeeded in eradicating absolute poverty by the end of 2020, lifting about 800 million people out of poverty in all, and enlarging its middle-income group to over 400 million people.