Neighbors' prosperity key to China's revival

The ongoing global financial crisis is having an even more severe impact on developing countries than on developed nations.

Fortunately, China, as the world's largest developing nation, has taken a series of workable countermeasures in response and thus succeeded to stave off destructive effects. The country is expected to pull out of the latest economic slump earlier than other world members, although the crisis is yet to unfold.

The timely and effective stimulus packages adopted by the Chinese government have played a crucial role in maintaining steady economic growth against the bleak backdrop of the international economic landscape.