China is building resilience and is expanding its innovative production and outreach. This is how it will take an important part of the global industrial and supply chains not only through manufacturing but also via technological advancement and science progress.
China’s continued opening-up along with its vigorous international circulation may play a stabilizing role within the global economy. Meanwhile, China’s gigantic domestic demand, while being released in its domestic circulation, will lead to its sustained economic growth and further opening-up.
China remains committed to globalization, which is the best development path for the world, and uses every opportunity for internationalization, but in the new situation its domestic economy will dominate.
I was in China from January through March. I can say that, from firsthand experience, the Chinese people made great sacrifices to choke off an increase in the spread of the virus.
While China has not completely resolved all its challenges, the 13th Five-Year Plan has set the stage for the deepening of economic and social development as the country looks to become a high-income economy.
How did China triumph against the pandemic? The answer lies in the country’s aggressive and uncompromising approach to containing the COVID-19 pandemic and its success in quashing the second wave.
In the post-epidemic era, the FOCAC will continue to strengthen China-Africa cooperation in the areas of health, economic revitalization and ensuring people’s livelihood, so that the people of China and Africa can reap more happiness and gain from China-Africa cooperation.
Only by working together can the world feasibly overcome the damage caused by COVID-19 and return to normal life – it is no good if some regions of the world have access to a vaccine, but others do not.
China’s down-to-earth strategy to eradicating poverty and improving people’s living standards has important practical significance for other developing countries in poverty reduction.
Despite current challenges, China will continue to look increasingly to boost its high-quality development so as to achieve the desired level of prosperity by the mid-21st century.
Life in China is very close to normal. Consumption is up, restaurants are packed, concerts are being held, and museums are open. Other countries should perhaps take lessons from China. That is, if you take aggressive measures and can bring the coronavirus under control, then you can return to life as normal, rather than living constantly under fear and restrictions indefinitely.
The Trump administration believes strongly in a foreign policy of “unilateralism” – that is, America’s interests should be forced on other countries and bodies rather than engaging in politics of compromise and consensus. This poses a threat to the United Nations and the cause of cooperative global governance.
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