Boosting Domestic Demand
While setting the direction for China’s economic development in 2023, the Central Economic Work Conference will generate a far-reaching impact on the world economy as a whole.
While setting the direction for China’s economic development in 2023, the Central Economic Work Conference will generate a far-reaching impact on the world economy as a whole.
To thrive in a world that is undergoing changes not seen in a century, China and Arab states must enhance solidarity and collaboration, set a good example for South-South cooperation, and make more contributions to human progress and prosperity.
While the unipolar world is still orbiting in the sphere of influence of Anglo-American elites and some of their allies, the rest of the world is marching in a different direction.
Only seeking common ground while setting aside differences and win-win cooperation serve the common interests of China, the EU, and the international community.
There are issues that concern everybody, like climate change, the need for sustainability, and such major public health issues as the COVID-19 pandemic, on which our two countries need to work together on good terms.
Though in effect for only one year, the regional trade agreement among 15 Asia-Pacific nations has become a strong driving force for economic cooperation among its signatories.
The challenges threatening humanity can be coped with only when parochial, self-centered, and elitist development policies are replaced with new policies to address the aspiration of billions to live a life of dignity.
The projected strong comeback of Chinese economy will not only be a boon to China itself, but a shot in the arm for global recovery.
Returning to normality is fraught with real danger. However, the pandemic’s history demonstrates that the Chinese government values the right to life more highly than do Western leaders.
China has consistently been opening up to the outside world over the last four decades since it started the historic reform and opening-up drive. It is especially so in the last decade with the launch of the Belt and Road Initiative and through the CIIE.
China’s rise and economic power are part of the solution, not the problem.
‘Development’ became the key word at the G20 Bali summit in China’s proposal for steering the world out of the current predicament, to make global development more inclusive, beneficial to all, and more resilient.