A view of Shenzhen Photo: VCG

The just-concluded third plenary session of the 20th Communist Party of China (CPC) Central Committee has planned forward an economic development blueprint that lays the foundation for increased productivity and technological breakthroughs, thus ensuring a continued success of China's economic miracle in the years to come, even as the international environment will likely become increasingly complex and volatile, foreign scholars told the Global Times.

With firm commitment to continuous reform and opening-up, the gathering also offered a sense of continuity and certainty to the Global South, they noted, while stressing that China's plans for further deepening reforms will further encourage other countries to follow China's independent development paths, which in many ways could facilitate them to "leapfrog to more advanced levels."

Foreign scholars applauded a resolution on further deepening reform comprehensively to advance Chinese modernization, which was adopted during the third plenum held in Beijing last week.

Helga Zepp-LaRouche, founder of Germany-based political and economic think tank the Schiller Institute, told the Global Times on Monday that she was impressed by the resolution adopted at the third plenum on the joint building of the Belt and Road Initiative (BRI).

According to the resolution, China will refine the mechanisms for high-quality cooperation under the BRI. The country vows to continue to implement the Belt and Road Science, Technology, and Innovation Cooperation Action Plan and redouble efforts to develop multilateral platforms for cooperation in green development, the digital economy, artificial intelligence, energy, taxation, finance, disaster mitigation, and other areas.

The country's innovation-driven strategy is also consequential for other developing economies, Zepp-LaRouche noted. She suggested all the countries across the Global South apply the principle of continued innovation in the same vein as China, so they don't have to repeat a prolonged process of industrialization.

The resolution, with economic structural reform as the spearhead, comprehensively puts forward reforms in various fields and aspects. It also includes more than 300 important reform measures, all of which involve reforms across systems, mechanisms, and institutions.

"China's economic miracle inspires many developing countries to adopt similar policies and approaches. Therefore, China's plans for further deepening reform will further encourage other countries to follow China's development paths and systems to achieve inclusive economic growth and development, and to support common development and prosperity for all countries in the global village," Maya Majueran, director of Belt & Road Initiative Sri Lanka, told the Global Times.

Majueran noted that the third plenum was convened against the backdrop of "fast-changing geopolitical environment, intensified global economic and financial fragmentation and shift in trade and foreign direct investment," which made this gathering very unique in pursuing fair and equal global governance architecture.

According to the resolution, Chinese modernization is centered on peaceful development. In the diplomatic field, China remains firmly committed to pursuing an independent foreign policy of peace and is dedicated to promoting a human community with a shared future.

"China's commitment to promoting a human community with a shared future and its obligation to be a key partner and a member of the Global South offered a sense of continuity and certainty to the Global South," Majueran said.

According to Zepp-LaRouche, China's pledges to build a community with a shared future as well various initiatives it proposed represent the best offer of concept to get through extreme turbulences.

Foreign scholars also voiced strong confidence that the world's second-largest economy will sustain the recovery momentum this year despite volatile global environment due to a number of factors including US presidential election and rising geopolitical tensions.

"China will focus on high-quality development, and deepen its supply-side structural reform to create new drivers and strengths for realizing growth. With these all-new positive developments, China will achieve GDP goal of around 5 percent and that will create fresh opportunities for the world, injecting confidence and impetus into global economic recovery," Majueran stressed.