Davos forum debates China's prominent role (2)

10:09, January 28, 2011      

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Bris said he would be on the lookout for certain moves by China such as the country buying Spanish and Portuguese government debt, or the lowering of pressure on the dollar.

Propelled by this eastward focus, some officials and media looked to the next step and urged that the Asian giant be no longer considered an "emerging economy."

With China overtaking Japan as the world's No. 2 economy last year, and growth predicted to hold steady in the upper single digits this year, "we have to get out of the lexicon the words 'developing' or 'emerging,'" Martin Sorrell, chief executive of advertising giant WPP Group, told the AP.

"China is no longer the developing country it once was," Gustaaf Geeraerts, director of the Brussels Institute of Contemporary China Studies, told the Global Times.

"Although its development may still be incomplete, its sheer size makes it matter a great deal to the rest of the world - in any case much more than any other emerging power," he added.

However, not all analysts agreed.

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