SPEAKER Gloria Macapagal Arroyo has described as valuable her recent meeting with Chinese Premier Li Keqiang to address the pressing global issues.
Arroyo and other officers of the Boao Forum for Asia met with Li during the recently concluded BFA Annual Convention in Hainan, China.
She said the discussion mainly covered the direction China is taking on its 40th year of reforms and its relationship with the rest of the world.
The meeting was one of the highlights of the BFA Annual Conference 2019.
The Speaker is in her second year as member of the Board of the BFA, which gathers together leaders in government, business and academic institutions throughout Asia to share their thoughts on the most pressing issues in the region and the world.
During the meeting, Arroyo cited China’s leadership in promoting what many refer to as “Globalization V.2” or the Belt and Road Initiative, which aims to foster cooperation and development.
Arroyo also expressed admiration for the current Chinese leadership’s implementation of Deng Xiaoping’s socialism with Chinese characteristics.
She noted that China’s remarkable growth particularly in the past two decades is showing the world that no development model can be applied universally and that the diversity of historical conditions determines the development paths that countries could choose.
“China has given us the lesson that there is just not one path for development because prior to China’s experience, it was thought that the only way to development is the Western style model of Jeffersonian democracy and coupled with a free market. But China has shown the world that you can have your own model of development using your own historical experience, especially China in the last 40 years. Since the opening of China 40 years ago, it has transformed itself, it is the world’s leading growth, unmatched in history. 400 million people lifted out from poverty. China is on the verge of becoming the largest economy in the world,” she said.