Overseas experts attribute China's achievements to the Communist Party of China (CPC), which can adeptly create theories through summarizing practical experience and revise and adjust them in time.
The People's Republic of China, under the CPC's leadership, has grown into the world's second largest economy in less than 70 years after its founding.
It has been growing at an astounding pace during some 40 years of its reform and opening-up to the outside world.
Nguyen Vinh Quang, a former minister of Vietnamese Embassy to China, said the CPC attaches great importance to theoretical work and has systematically established its own theories.
The socialist theoretical system with Chinese characteristics guides the reform and opening-up and socialist construction, enhances the people's confidence, and strengthens the power of the party, said Quang.
Vichian Piakhong, vice president of the Thai Young Chinese Chamber of Commerce, said the CPC has put forward many theories during its rule, such as Mao Zedong Thought, Deng Xiaoping Theory, and Reform and Opening up.
The CPC can constantly transcend its past success because it can use new notions, new thoughts and new strategies as powerful ideological weapons, unite and lead the Chinese people of all nationalities, and vigorously advance its undertakings, he said.
Richard Trappl, director of the Confucius Institute at the University of Vienna, said the Chinese Dream put forward by the CPC is a vision based on objective analysis and is also a strategic idea and development plan.
To adapt to global economic development, China adopts a "new normal" for the economy and resets its development pace and model, instead of pursuing a high growth rate, said Ronnie Lins, director of Center China Brazil.
