Xinhua, Kuala Lumpur :
Southeast Asian countries should start to follow China’s example in looking for more sustainable and inclusive economic growth, said a Malaysian expert.
To some extent, many countries in the region have similar economic challenges faced by China, said Oh Ei Sun, senior fellow with S. Rajaratnam School of International Studies at Nanyang Technological University in Singapore.
As China should embrace the economic “new normal”, Southeast Asia should similarly adopt the idea of improving the quality of the economy that focus on innovation, sustainability and inclusiveness, Oh told Xinhua in a recent interview.
“In the explosive growth phase of this developing part of the world, sometimes not every stretch of the society is enjoying the fruit of the growth, and sometimes the quality of the growth is to be further improved,” he said.
Oh, a former political secretary to Malaysian Prime Minister Najib Razak, said China had already embarked on the much-needed reforms, shown in its recent 13th Five-Year Plan for 2016-2020 which calls for innovative, coordinated, green, open and inclusive development.
Following a “phenomenal” growth of the past three decades, one of the challenges for China in the next 5 to 10 years will be how to make sure growth is enjoyed by a wider spectrum of the society in addition to maintain a certain level of growth, Oh said.
Southeast Asian countries should start to follow China’s example in looking for more sustainable and inclusive economic growth, said a Malaysian expert.
To some extent, many countries in the region have similar economic challenges faced by China, said Oh Ei Sun, senior fellow with S. Rajaratnam School of International Studies at Nanyang Technological University in Singapore.
As China should embrace the economic “new normal”, Southeast Asia should similarly adopt the idea of improving the quality of the economy that focus on innovation, sustainability and inclusiveness, Oh told Xinhua in a recent interview.
“In the explosive growth phase of this developing part of the world, sometimes not every stretch of the society is enjoying the fruit of the growth, and sometimes the quality of the growth is to be further improved,” he said.
Oh, a former political secretary to Malaysian Prime Minister Najib Razak, said China had already embarked on the much-needed reforms, shown in its recent 13th Five-Year Plan for 2016-2020 which calls for innovative, coordinated, green, open and inclusive development.
Following a “phenomenal” growth of the past three decades, one of the challenges for China in the next 5 to 10 years will be how to make sure growth is enjoyed by a wider spectrum of the society in addition to maintain a certain level of growth, Oh said.
