What world is China calling for?
China has become the second largest economy in the world, providing for the material needs of its nearly 1.4 billion people and achieving moderate prosperity on a global scale. The Chinese people enjoy unprecedented respect and rights. Not only has this been a huge change for China, it has been a major step forward for all humanity. And above all, China's great contribution to world peace and development.
China remains the world's largest developing country with a large population. Some of the basic principles remain unchanged in China and China is therefore facing a number of major challenges. The Chinese still have a long way to go.
China's development has entered a new era. Today, China's influence on the world is even more inclusive, deeper and lasting. World attention to China is broader, more truthful and focused. Where did China come from? Where are you going? What world is China calling for? How will developed China interact with the rest of the world?
China's development is based on self-reliance and hard work
The new republic had to face the consequences of more than a hundred years of war and chaos in its inception, a poor country and its people living in poverty, a very weak industrial and agricultural base and a collapse of the country's economy. The difficulties experienced by the people in their quest for survival and development have been unimaginable. With 70 years of self-reliance and hard work, they have built the country out of nothing and opened up new horizons.
Economic strength has increased significantly. From 1952 to 2018, China's industrial value added rose from RMB 12 billion to RM30.5 trillion, at constant prices up to 970 times, an annual increase of 11%. GDP has risen from RMB 67.9 billion to RMB 90 trillion, a 174-fold year-on-year increase of 8.1%. GDP per capita increased from 119 RMB to 64,644 RMB, up to 70 times constant prices. According to the World Bank, the Chinese economy was worth $ 13.6 trillion at the market rate in 2018, lagging behind the US economy at $ 20.5 trillion. China is currently the only country to have all sections in the United Nations International Classification of All Economic Activities (ISIC), and many of its industrial products are world leaders.
Significant progress has also been made in technological development. Major advances such as nuclear bombs, space flight, cultivation of super-hybrid rice, super-computers, synthetic bovine insulin, artemisinin and high-speed rail have provided strong support for social and economic development. China's foreign trade continues to grow. In 2009, China became the world's largest exporter of goods and the second largest import country.
In 2013, China became the world's largest trader of goods. Beginning with the policy of reform and openness in 1978, foreign investment in China has increased significantly and China has become very attractive to global investment. China has become the second largest economy in the world, the largest producer, the largest trader of goods, the largest consumer of goods, the second largest recipient of foreign direct investment and the largest holder of foreign exchange reserves.
The quality of life of citizens has improved considerably. Long-term efforts have allowed the quality of life of the Chinese people to grow from a lack of clothing and food to a moderately prosperous standard of living. According to current rural poverty standard estimates, China's rural population living below the current poverty line has fallen from 770 million in 1978 to 16.6 million in 2018. The poverty rate in rural China has dropped from 97.5 percent to 1.7 percent, down 95.8 percentage points. This is indeed an outstanding achievement in the history of poverty reduction. China has prepared the world's largest, most comprehensive social security network covering old age pension, medical care, minimum subsistence, shelter, education and more.
At the end of 2018, there were 419 million old-age old-age insurance recipients in cities across the country, over 196 million in unemployment insurance, almost 239 million in occupational accident compensation and over 900 million in old-age basic insurance. Basic medical care insurance covers more than 1.3 billion people - almost every citizen. Over the past 70 years, the average life expectancy of Chinese people has increased from 35 in 1949 to 77 in 2018, more than the world average of 72. According to the Global Welfare Report released by the Boston Consulting Group in 2018, China has climbed 25 places in the last decade, the fastest among the 152 countries ranked.
China's development is an opportunity for the world
With China's rapidly expanding nationwide power and international influence, there are people worried that China will fulfill the outdated expectation that the country will always strive for hegemony when it becomes strong. Therefore, they have developed what they call the "Chinese threat" theory. The causes of this theory are misunderstanding, deep-seated prejudices, psychological imbalances created by the rise and fall of power, and deliberate distortions of fact in the name of defending one's interests. Understanding the prosperity, renewal and happiness of the people is both a dream of the Chinese people and a shared dream of the people of each country. China's development is not a threat or a challenge, but an opportunity for the world.
China is a major stabilizer and source of energy for global economic growth
From 1979 to 2018, China's economy grew rapidly, with an average annual rate of 9.4%, and became a major driver of global economic growth. In 2008, the world experienced a serious financial crisis and the world economy suffered heavy losses. Through a series of effective crisis management measures, the Chinese economy recovered rapidly and continued to maintain medium and high-speed economic growth. As a result, China became a major stabilizing force and energy source for the world economy.
China is a major contributor to global economic growth. Since the 18th National Congress of the Chinese Communist Party in 2012, China has introduced the concept of innovative, coordinated, green, open and inclusive development, adapted, guided and guided new economic development norms, strengthened supply-side structural reform and sustained sustainable and healthy economic development quality and efficiency. Over the past three years, China's economic performance has exceeded RMB 70, 80 and 90 trillion respectively, accounting for almost 16% of the world economy.
Between 2013 and 2018, China has invested more than 28% on average in global economic growth. Without China's contribution, the average annual growth rate of the world economy would have declined by 0.6% between 2013 and 2016, and the volatility would have increased by 5.2%. According to a report published by the McKinsey Global Institute (MGI), the global index of global exposure to the Chinese economy increased gradually from 0.4 to 1.2 between 2000 and 2017, with China accounting for 35 percent of global industrial output.
China's science and technology innovation has given new impetus to global economic growth. Science and technology investment in China has continued to increase in recent years and significant scientific and technological innovation is being created. In 2018, China's R&D spending was 2.19% of GDP. According to the Global Innovation Index published by the World Intellectual Property Organization and others, China continued to climb in 2019, rising from 17th to 14th. China is the only middle-income economy among the top 20 countries.
In high technology, China is catching up and is succeeding - quantum communications, supercomputers, aerospace, artificial intelligence, fifth generation mobile network technology (5G), mobile payments, new energy vehicles, high-speed rail and financial technology are all sectors where China is a world leader. China's innovation achievements in science and technology are widely used, providing more comfort for people in other countries' work and everyday lives, and giving new impetus to global economic growth.
China's role as a stabilizing force and source of energy will become even more prominent in the future. Currently, the global economy lacks growth momentum, making China's economic stability increasingly important to the world. The rapid growth of the Chinese economy has been replaced by high-quality development, and new industrialization, the use of information technology, urbanization and modernization of agriculture are also gaining momentum.
The economic fabric is undergoing profound adjustments, industrial modernization is continuing and new areas of economic growth are constantly emerging. The urbanization rate of permanent residents reached 59.6% in 2018 and will continue to grow steadily in the future. The permanent population of the city will continue to grow. It will bring a wide range of needs in different areas, such as infrastructure, real estate, new retail, medical and public health, education, culture and entertainment, and provide an important driver for economic development. New forms of industry and entrepreneurship are emerging. In 2018, the value added of high-tech manufacturing increased by 11.7% year-on-year, and that of new strategic industries and equipment manufacturing increased by 8.9% and 8.1%, respectively, compared to the previous year.
New energy vehicles, smart TVs, lithium-ion batteries and integrated circuits increased by 66.2%, 17.7%, 12.9% and 11.2% respectively. The information services industry has grown 30.7% year-on-year, with mobile gaming, online shopping, travel sharing platforms, travel platforms, large-scale data storage clouds and other subsectors growing at 30% to 50%. Each sub-sector has created several start-ups. According to the MGI report, by 2040 integration between China and the rest of the world is expected to increase economic value from US $ 22 trillion to US $ 37 trillion, equivalent to 15% to 26% of global economic value. Closer economic cooperation between China and other countries will bring immense economic value.
A comprehensive opening up to the outside world will create even more opportunities for all countries in the world to share the benefits of China's development
China is pursuing a mutually beneficial strategy of openness and is pursuing it on an even larger scale. A secure and stable political environment, large consumer groups with growing needs, skilled and dedicated workers, robust and thoughtful infrastructure, a rule-based international and convenient business environment with fair competition provide countries with greater market opportunities, more capital, more valuable products and more opportunities for cooperation . China has always been an important contributor to global openness and a dynamic market to allow all countries to expand their business opportunities.
China is the most promising consumer market in the world. It is not only a "world production" but also a "world market". With nearly 1.4 billion people and 400 million middle-income people, China is the largest market in the world. The continuous and healthy development of the Chinese economy has created widespread demand in many areas and provided an important driver for economic development. China's consumption space and potential is huge. It is clearly moving forward in the market - growth rates have exceeded investment in fixed assets, the gradient effect is evident and investment in the economy is increasing.
According to a MGI report, China is the world's largest market in many categories - including cars, alcohol and cell phones - accounting for about 30% of global consumption. Huge consumer demand provides huge markets for countries around the world. Imports of Chinese goods and services are expected to exceed US $ 30 trillion and US $ 10 trillion, respectively, over the next 15 years.
China provides more and more public goods to the international community
The Chinese have always felt that they had to start on their own and then help everyone else. China has benefited from the international community in its development, and it has never forgotten to thank the big international family for delivering even greater, even better public goods.
Together with our partners, we are developing a high quality Belt and Road Initiative. The Belt and Road Initiative is based on the principles of shared consultation, input and benefit, and is guided by the Silk Road spirit of peace, collaboration, openness, inclusiveness, mutual learning and mutual benefit. Focusing on policy communications, infrastructure connectivity, seamless trade, financial integration and closer people-to-people links, this initiative has evolved from an idea into action, a vision of reality, from a conceptual initiative to a popular global product.
The Belt and Road Initiative originated in China, but the opportunities and achievements it brings are world-wide. According to a World Bank study, the initiative will help lift 7.6 million people out of extreme poverty and 32 million people out of moderate poverty, and will increase trade in participating countries by 2.8% to 9.7%, and world trade by 1.7%. to 6.2% and global revenue 0.7% to 2.9%. The Belt and Road Initiative is a path to sharing resources, common prosperity and common development.
Building a Global Community with a Unified Future
What's up with the world? What should humanity do? Faced with unprecedented global change as well as various governance and development challenges, humanity urgently needs to develop new approaches to development, create a fairer and more equitable international system and order, and brighten future prospects. China's proposal to create a community with a united future aims to address the practical issues facing the world today and to bring about the peaceful and sustainable development of humanity.
The proposal seeks to achieve overall harmony and principles of cooperation and mutual benefit, while opposing jungle law, power politics, and hegemonism. It looks beyond the "zero sum game", launching a new path of development based on mutually beneficial cooperation, joint investment and common benefits, offering many new opportunities to the international community.
Promoting such a community requires political support for mutual respect and equal consultation, decisive abandonment of the Cold War thinking and power politics, and countries choosing a new path of cooperation that is characterized by dialogue rather than confrontation and partnership rather than inequality. When it comes to security, it is important to support dispute resolution through dialogue, dispute resolution, response to traditional and less traditional security threats, and opposition to any form of terrorism.
Economic solidarity must be upheld, trade liberalization and investment liberalization facilitated, and economic globalization in a more open, inclusive, balanced and mutually beneficial development. When it comes to culture, respect for the diversity of world civilization must be supported, and cultural alienation, conflict and supremacy must be fought through cultural exchange, mutual learning and coexistence. When it comes to environmental issues, it must be eco-friendly, work together to cope with climate change, and protect the earth's home on which humanity survives.
Creating a common future community does not mean that all countries must adhere to the same values or the unilateral proposals of one or a small minority of countries, nor does it mean the creation of a single player all over the world, much less a replacement of one system or culture. Rather, this proposal calls on countries with different social systems, ideologies, histories, cultures and levels of development to align their goals and interests, to enjoy equal rights and to share responsibility in international activities to promote the development of all humanity.
Active development of global partnerships
Expanding the partnership is China's priority. Partners can be like-minded, just as they are looking for common ground, leaving aside. China will continue to pursue this spirit, remain committed to a new approach to relations between countries that will use dialogue rather than confrontation, and look for partnership rather than alliance. We will work to establish a framework for relations between the main countries, with overall stability and balanced development, to establish deeper relations with our neighbors and to strengthen solidarity and cooperation with other developing countries. In line with the principle of promoting greater benefits and pursuing common interests, China will expand convergence of interests with other countries, add more value to partnerships, and expand its circle of friends worldwide.
Europe is an important pillar in today's world and also a comprehensive strategic partner for China. China is striving to promote a Partnership for Peace, Growth, Reform and Civilization between China and Europe, combining the strengths of both sides, large markets and civilization, and increasing the global impact of the China-Europe Comprehensive Strategic Partnership. China will continue to support European integration and to play a more prominent role in international relations in order to build a more united and stronger European Union. Both sides will expand their cooperation, work together to maintain multilateralism and promote global stability.
By Mexicanist Source: Agencies