Edited and Translated by People's Daily Online China has made
great achievements in its economic development. However, with
the significantly changing international and domestic economic
situations, the policy-makers must realize that China needs to
change to adapt to the new situations, although the original
economic development mode has helped it to reach the present
heights. China's original economic development strategies The
first one is the development strategy of cherishing economic
growth always as a priority. China has implemented a series of
reform and opening-up policies and measures that are good for
its economic development and help arouse the enthusiasm of all
social units, making China maintain a rapid economic growth for
more than 30 years. The second is the development strategy of
driving the development with the investment. China's capital
formation rate is always between 30 percent and 40 percent and
is 37 percent on average, much higher than that of the developed
countries (20 percent to 3