DM Monitoring
KIEV: China’s pragmatic policy has become the main factor in ensuring the recovery of its economy amid the COVID-19 pandemic in 2020, a Ukrainian expert told. Olga Drobotiuk, director of the Boris Kurtz Institute of Contemporary Chinese Studies in Kiev, said a pragmatic economic development policy is the backbone of China’s economic stability.
Since the global financial crisis in 2008, said Drobotiuk, China has stepped up its industrial adjustment efforts, eliminated high-pollution, high-energy consumption, as well as low-efficiency and low-level outdated production capacity on a large scale. During the time, China has successfully implemented its “five-year plans,” fought poverty, actively developed science and education, supported small businesses, promoted urbanization, and helped increase the production of high-tech and highly intelligent products, Drobotiuk said.
