Foreign experts impressed by China's 'great reform' (2)

The Chinese government's courageous efforts to shift the economic growth mode, said Turzi, will lay a solid foundation for China's development during the next 50 years.

As for the conference's decision to expand domestic demand and make it the strategic basis for China's development, Turzi said such a decision reflects Chinese leaders' objective assessment of external risks and is in line with the reality that China has a fast-expanding middle class.

Nicholas R. Lardy, a senior fellow at the Peterson Institute for International Economics, said he believes that the primary task of China's reforms in the next five years is to change the country's economic growth model from an investment-driven style to one driven by consumption.

It is not only a challenge, but also a huge opportunity for China's economy, Lardy told Xinhua.

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