Unilateralism and protectionism are on the rise and there is a lack of coordination in trade and economic policies.
There is no doubt that BRICS economies will play a crucial role in the global recovery after the pandemic through its mutual institutions and systems.
The Shanghai Spirit, as part of the founding values of the SCO, features mutual trust, mutual benefit, equality, consultation, respect for cultural diversity and the pursuit of common development.
Governments of emerging economies must build more hospitals, train more doctors, and invest more in health care systems.
In so many words, these multiple plans and strategies unfolding with the 14th Five-Year Plan aim to avoid new problems while laying a foundation for a stronger future economy, improved governance and better national security.
The CIIE reflects China’s firm determination to support free trade and economic globalization and that it will continue to open its doors to mutually beneficial foreign investment and collaboration.
Regardless of the outcome of the continued negotiations with the EU, the so-called Johnson’s “Global Britain” seems to be impatiently awaiting the result of the U.S. presidential election to see if it has to go to “the back of queue” in any future trade talks with the U.S. and lose face in the eyes of the entire world, or “become de facto the 51st state of America, or at least a U.S. territory.”
Without this leadership and cooperation, the present disastrous pandemic will accelerate into a catastrophic collapse of global security and the impoverishment of billions of the global population.
Though undoubtedly less than pleased to see their country’s most prominent technology and internet firms losing access to overseas markets, China’s leaders and policymakers are not entirely unreasonable, and likely understand the inherent imbalances in which China’s own digital sphere remains largely closed to foreign players, while expecting overseas markets to remain open to China’s.
The attack and interception that the Trump Administration launched against China is a loss and obstruction of cooperation to the global society.
China’s development experiences provide substantive lessons to other developing countries, and although they all have different national contexts, China’s experiences can be effectively adapted to address local challenges through the South-South Cooperation platform.