The Chinese leadership has achieved concrete success in economic development, says an article in Germany-based Frankfurter Allgemeine Zeitung. Excerpts:

The Chinese economy has maintained a stable and fast growth. China today is the second largest economy in the world. It has the largest foreign exchange reserves in the world as well and has already built a comprehensive infrastructure system.

Besides, Chinese people's income and welfare levels have improved.

China has gradually become an important and influential world power with the increase in its economic power. It has not only overcome many difficulties at home, but also helped some European countries to meet their debts.

But China still faces some challenges such as the development disparity among its different regions, serious environmental pollutions and depletion of its natural resources, which it is determined to meet.