China injects impetus into building an open world economy
By
Niu Ruifei, Luo Aihua, Jiang Xiaodan, People's Daily
While
acknowledging China's contribution to globalization, foreign guests expect that
the country will continue injecting impetus to an open world economy, at the
fourth Understanding China Conference that opened on October 26 in Guangzhou,
south China's Guangdong province.
Themed "New
Globalization and China's New Round of Reform and Opening-Up",
the two-day event gathered nearly 600 attendees, including over 30 world-famous
politicians, strategists, scholars and entrepreneurs. It serves as an important
platform for the world to understand China's development strategies.
It is generally
agreed by the participants that the new round of globalization nowadays calls
for shared responsibilities.
China's
commitment and contribution to economic globalization can be seen from many
respects, said Ernesto Zedillo, former president of Mexico as well as chairman
of the 21st Century Council, at the opening ceremony.
Zedillo thinks
that globalization is now faced with serious challenges and the foundation of
the international trading system has been harmed.
As he pointed
out, the trade war and unprecedented tariff increases have undermined the WTO
rules and the international law, hindered the stable growth of world economy,
and caused harm to countries concerned and the international community.
He suggested
countries around the world solve their problems under the WTO dispute
settlement mechanism instead of trying to disable the mechanism.
Economic
globalization is an irreversible trend, stressed Martin Jacques, a senior
fellow at the Department of Politics and International Studies, Cambridge
University.
He added that
China has contributed a lot to globalization and actively integrated into the
world economy, which is clearly evident in its cooperation with Africa and the
Belt and Road Initiative (BRI).
While economic
globalization is being seriously threatened and impacted by unilateralism and
protectionism, the world is more eager to understand China and hopes that
China, a pillar of globalization, will play a more active and important role in
the process.
To understand
China, the first thing needed is to understand the Chinese path.
To understand
China and its development path and strategies will help many countries save
twists and turns in their own development, said Li Yong, director-general of
the UN Industrial Development Organization.
Li’s view was
echoed by Amr Mahmoud Moussa, former Secretary-General of the League of Arab
States, who thinks that China provides a good example for other developing
countries and its experience in development will help them boost economy and
shake off poverty.
China has
achieved a stable performance while at the same time securing progress in its
economic development this year.
As both a
contributor and beneficiary of economic globalization, China has shown strong
economic resilience and potential in the face of de-globalization challenges,
as pointed out by the participants.
Yves Leterme,
former Prime Minister of Belgium, said China's steady economic growth has brought
many opportunities for Belgium.
Leterme will
lead an economic and trade delegation to conduct investigation in China next
month. He said investment and orders from China have generated a lot of jobs in
his own country.
The
China-Europe freight train routes have greatly
contributed to consolidating China-Belgium economic and trade cooperation,
Leterme said, believing that more trains will run along the routes in the
future.
Zheng Yongnian,
a professor with the East Asian Institute at the National University of
Singapore, hailed China’s achievement of lifting more than 800 million people
out of poverty since its reform and opening-up in 1978 as a miracle and huge
contribution to the world.
At present,
China has shifted from quantitative expansion to high-quality development. As a
role model of high-quality development, the Guangdong-Hong Kong-Macao Greater
Bay Area will give new impetus to China's economic growth and the new round of
globalization, he pointed out.
Yvonne Zhou,
managing director and partner of Boston Consulting Group, considers China an
engine for world economy since the country witnesses the greatest increase of
consumption market and an increasing number of new technologies and business
models have originated from here.
Zhou said China's
further opening-up will not only benefit the country itself, but also bring
great opportunities for the rest of the world. It is a subject of great concern
for many multinational companies to make good use of the new opportunities
brought about by China and actively cultivate and adapt to new industries and
economic patterns.
China injects impetus into building an open world economy
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