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China's peaceful rise enhances world stability, development

By Bo Wu, Min Xuan (Xinhua)

08:42, December 05, 2012

China's peaceful rise has enhanced global stability and development. (Photo/Xinhua)

COPENHAGEN, Dec. 4 (Xinhua) -- China's peaceful rise has enhanced global stability and development, while the world's center is moving to Asia, a leading Danish expert on Asia study said in a recent interview with Xinhua.

"We are entering a new era where Asia is becoming the center of the world," said Joergen Oerstroem Moeller, who worked as Danish ambassador to Singapore, Australia and New Zealand and now acts as a visiting senior research fellow at the Institute of Southeast Asian Studies (ISEAS) in Singapore.

He said the big Asian companies are seeing growing power in the global economy. A total of 79 companies in China made the list of the Fortune Global 500 for the year 2012 while the number of the Indian companies is also increasing.

"In the coming years, we will see the phenomenon of the expansion of Chinese and Indian multinationals which will take a larger share of global trade, influence and shape the corporate governance of the world," said the expert.

He expected that the number of Asian cities among the world's top 50 cities ranked by GDP to increase from 7 to 20 in 2025.

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