China no longer depends on West for growth: Expert

SOUNDBITE(ENGLISH): LAU SIU-KAI, Professor, Chinese University of Hong Kong
“Well this ‘One Belt One Road’ initiative is very important to China. In a sense, it emphasizes both of the so called ‘going out’ and ‘bringing in’. The ‘One Belt One Road’ initiative means China is willing to deepen reform and opening in the next several years by sharing Chinese economic growth with other countries in Asia, promote other country’ s economic development, and in return it will provide further stability in Chinese economic development. At the same time, the ‘One Belt One Road’ initiative will urge China to further reform the economy, so that the Chinese economy will be more open. China can on longer depend on the West, particularly western markets for pushing economy growth.”

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