Two European experts say China's economic model has worked well and has contributed to phenomenal growth and improvements in the social sector.
Stanley Crossick, a senior researcher at the Brussles Institute of Contemporary China Studies, said China's economic model, among other things, has brought fundamental social improvements such as taking 300 million people out of poverty.
The Chinese economy has shown its sustainable development amidst the ongoing global economic crisis and has increased its influence in the world, helping to create a win-win relation between China and developed countries, Crossick told Xinhua.
"However, the rising trade deficit and unemployment in developed countries will lead to greater protests and protectionism which would damage China," he said.
He urged China to provide greater markets for developed countries, particularly in services.
Paul Lim, senior academic adviser at the European Institute for Asian Studies, agreed that the Chinese economic model has worked well so far.
"Chinese economic recovery will give at least a psychological boost to the world economies," Lim said.
Lim also told Xinhua that China should develop its domestic market rather than largely depending on exports.
"It is important that China develops its domestic market which is contrary to an export-led economy," he said.
