Davos forum debates China's prominent role (3)

10:09, January 28, 2011      

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Qu Hongbin, an HSBC chief China economist, told the Global Times that the notion is nonsensical, as China's per capita income - an important criteria to distinguish between developed and developing nations - stood at $4,000 last year, less than a tenth of that of the US and Japan. Qu said that the notion emerged from an impartial understanding of China's economy.

Michael Pettis, a senior associate with the Carnegie Endowment for International Peace, expressed a similar opinion.

"China is still one of the poorest countries in the world, despite its fast growth. If that doesn't qualify as an emerging economy, I don't know what does," Pettis, an expert on emerging economies, told the Global Times.

"Perhaps the point is to suggest that China is too large to be given the same status as terms that usually apply to much smaller economies. In that case, it seems pretty obvious," he added.

However, Zhou Shijian, a senior researcher at the Institute of Sino-US Relations at Tsinghua University, told the Global Times that flattering China's power at Davos was part of a Western conspiracy.

"South Korea is still an emerging economy with over $10,000 GDP per capita, why should China be deprived of this title? The purpose of this discussion is to push China to shoulder excessive responsibilities," Zhou said.


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http://english.people.com.cn/90001/90778/90858/7275291.pdf