KATHMANDU, May 6 (Xinhua)-- China's successful reform and opening-up policy is exemplary to other countries including Nepal, a former prime minister said here on Sunday.

Jhala Nath Khanal, who is also one of the senior leaders of the ruling Nepal Communist Party, said， "China's economic model based on the principle of socialism has proven highly successful in the past four decades. Other countries from around the world can learn from the Chinese experience."

Addressing a program organized to mark the 201st birth anniversary of the Karl Marx, the 19th century German philosopher, in the Nepali capital on Sunday, the former prime minister hailed China's goal of achieving modernization by 2035.

"Our northern neighbor China has made tremendous progress on the economic front in the past four decades," he said.