A new Chinese white paper, entitled "China and the World in the New Era," details China's impact on the world and says the country's influence is more comprehensive than ever. China plays the role of stabilizer and locomotive of the world economy, according to Professor John Gong from the University of International Business and Economics.

Concerning all the uncertainties the world is facing nowadays, the Professor emphasized on the stabilizing role that the Chinese economy has been contributing to the global economy.

"Our growth figure hasn't been very up and down. It's pretty stable for the last decade. From all aspects, it is very clear that China, first of all, is the stabilizer of the world economy," Gong shared with CGTN.

Given the fact that China is second-largest economy and the largest trading nation, "there is no doubt that China is the world's locomotive for economic growth," Gong addressed.

"The white paper points out that China has spent decades achieving the development process that developed countries have gone through for hundreds of years. China's total economic output has leaped to the second place worldwide," introduced by Xu Lin, the director of the Information Office of State Council.

From the rise of China's innovation capabilities to the continued urbanization of the country, the paper gave many examples of how China's development provides opportunities to the world.

The Professor highlighted potentials generated by the Belt and Road Initiative (BRI) as well as the China International Import Expo (CIIE). And he identified China's rising middle class – that represents a huge consumer market – the biggest opportunity China has offered.

"Especially for the Western world, American companies and European companies are operating in China to represent 400-500 billion U.S. dollars of commercial entries – that's only going to go up," he commented.

Gong believed that Western world is benefiting from China's fast development. He further elaborated with examples of auto sales.

"China sells about 30 million cars and other vehicles a year, which is almost doubling the second-largest market. That's a huge opportunity for foreign auto companies, like Ford and GM. As a matter of fact, GM sells more cars in China than in the U.S. It probably makes more money here than in the U.S.," he explained.