Local resource mobilization, massive infrastructure development, inviting foreign investment and encouraging local manufacturers to export are the key factors behind the current development of China.
Professor Wang Libin of China Agriculture University said this while making his presentation on "China's Development Experience" at Brac Centre Inn in the city.
Brac University of Governance and Development (BIGD) organized the public lecture with its executive director Dr. Sultan Hafeez Rahman in the chair. Daily Star managing editor Dr. Salehuddin Ahmed also spoke at the seminar.
Professor Zuo Ting of the same Chinese university said China is now facing the biggest challenge in rationalization economic growth between its western region and the eastern region.
â€śWestern part of China is relatively poor than its eastern part. People from the West are coming to Eastern part where main development took place,â€ť he observed.
Professor Ting said China has implemented huge pragmatic and effective market-oriented reforms in the administrative level to transform the economy from planning economy to market economy. He said infrastructure development played a vital role in pushing up the economic growth.
He said China is now giving its concentration on equitable development to reduce the gap between its developed eastern part and poor western part.
â€śBut growing urbanization and inflow of rural people to the urban cities has been a key challenge for China to achieve a sustainable development,â€ť he added.
Responding to a question, Prof Ting said the Chinese Army has no role in the economic development except only in few specialized sectors like air space science.
Making her presentation on women's position in Chinese development, Prof Libin said earlier only one percent female were the village heads among the 666,000 villages in China.
After taking initiatives and reforms, membership of Chinese female in the village council has reached 30 percent with 10 percent in leadership position. "But still women are in vulnerable position when it comes to their land right due to marriage," she said.
Infra dev, foreign investment key to Chinese dev