Economic globalization “surges forward in relentless flow”
By Peng Fei
Win-win cooperation has always been the theme of global
development and economic globalization always remains an irresistible trend.
This can be well explained by the importance attached by US
enterprises to the Chinese market.
Last year, over 100 US enterprises attended the China
International Import Expo (CIIE), and their total exhibition area stood at
36,000 square meters, ranking among the top three in all participating
countries. This year, the number of US exhibitors increased to over 190, and
their total exhibition area has hit 47,500 square meters, the highest in all
participating countries.
“Economic globalization represents the trend of history.
Like the world’s great rivers, the Yangtze, the Nile, the Amazon and the Danube
— they all surge forward in relentless flow, and nothing can stop their mighty
movement, not the current of undertows or hidden shoals or rocks beneath the
water,” Chinese President Xi Jinping said in his keynote speech delivered at
the opening ceremony of the second CIIE.
Comparing economic globalization to mighty rivers, Xi profoundly
revealed the irreversibility of economic globalization. Against the background
of rising
trade protectionism and anti-globalization, this far-sighted
judgment is even more insightful and significant, indicating China’s sense of
responsibility.
Economic globalization is an inevitable result of the advancement
of science and technology and the development of productivity in human society.
The first Industrial Revolution led to the international
division of labor, which enabled British cotton mills to process
cotton from all over the world, and made cotton the earliest globalized
commodity.
Since the 1970s, the information
revolution has swept the world. The digital economy represented by the
Internet has enabled people to live in a “global village” where everyone is
closely connected like neighbors.
At present, a new round of scientific and technological
revolution and industrial transformation featuring artificial intelligence, big
data, quantum communication and block chain is gathering strength.
Being open and sharing, these technologies will further
promote the in-depth development of economic globalization, which is in line
with the laws of history, represents the trend of times, and won’t be changed
at the will of anyone.
In a global market with free flow of production factors,
different countries should give full play to their respective advantages,
engage in healthy competition, and make wealth and improve people’s livelihood through
trade activities. The CIIE is exactly a platform to
achieve that.
Thanks to the first CIIE, jute handcrafts made in poverty-stricken
areas of Bangladesh have entered the high-end department stores in Shanghai,
and fresh fruits from Hawaii have been introduced to the bubble tea shops across China. Besides, Italian
manufacturers of internet-famous household appliances are now joining
Chinese e-commerce enterprises for larger market.
Free trade has created a truly win-win situation, and the
process of economic globalization has greatly promoted the growth of wealth and
social development. As an old Chinese saying goes, the wise
build bridges while the fool build walls. If a country pursues isolation,
resorts to the beggar-thy-neighbor practice, or even puts its private interests
above the interests of all humanity, it will only end up harming the others without
benefiting itself.
Economic globalization is unstoppable, and so is the
aspiration of all countries for peace and development. Since the founding of
the People’s Republic of China 70 years ago, especially over the past 40 years
of reform and opening up, China has actively integrated into the global market
and participated in the international division of labor, and gradually
developed into the world’s second largest economy.
Nowadays, more developing countries hope to learn from China’s
successful experience, expand opening-up in a fair and orderly international
environment, and be fully involved in the process of economic globalization so
as to create more wealth in international trade and secure a better future.
No one can stop the people around the world from moving
towards a better life, and no one can stifle their desire for peace,
development and progress.
China is building three bridges: one to the world, one to prosperity and one to
the future, said Christine
Lagarde, former managing director of the International Monetary Fund
(IMF) at the first CIIE.
China is a staunch vindicator of economic globalization, a firm
defender of free trade and a faithful constructor of a better future for
mankind. While opening its door wider to the world, the country will take more
concrete actions and measures to advance economic
globalization.
Source: People’s Daily
A staff member displays a smart surgical instrument to a visitor at the booth of American medical equipment producer Medtronic during the second CIIE. (Photo by Ji Peijuan from People’s Daily
Economic globalization “surges forward in relentless flow”
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