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Injecting more stability into global economic development

  • Categories:Media reports
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  • Origin:People's Daily
  • Time of issue:2022-11-15
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(Summary description)

Injecting more stability into global economic development

(Summary description)

  • Categories:Media reports
  • Author:
  • Origin:People's Daily
  • Time of issue:2022-11-15
  • Views:0
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At present, world peace and development are facing major challenges. The international community expects the G20 to consolidate international consensus, promote international cooperation and deliver confidence and hope to a world full of uncertainty.

China adheres to the basic national policy of opening up to the outside world, firmly pursues the opening strategy of mutual benefit and win-win results, adheres to the correct direction of economic globalization, enhances the linkage effect of domestic and international markets and resources, constantly provides new opportunities for the world with China's new development, and promotes the construction of an open world economy. On the G20, a major forum for international economic cooperation and an important platform for global economic governance, China has continuously contributed its wisdom and strength to promoting world economic recovery and improving global economic governance.

"China's plan has strategic vision"

The theme of the G20 Bali Summit is "common recovery and strong recovery". How can the G20 align the course for global economic governance and promote sustainable recovery of the world economy? China's wisdom and China's plan have attracted much attention.


From the first comprehensive exposition of China's view of global economic governance during the Hangzhou Summit to the promotion of the G20 to continue to give priority to development in macroeconomic policy coordination at the Osaka Summit; From promoting digital economy related content to be included in the leaders' declaration for the first time at the Riyadh Summit to solemnly proposing the "Global Vaccine Cooperation Action Initiative" at the Rome Summit... China advocates an equal, open, cooperative and shared view of global economic governance, which not only conforms to the international trend, but also takes into account the concerns of all parties, and has won wide resonance and universal praise from the international community.

"China has actively participated in the reform and construction of the global governance system, maintained multilateralism, and promoted the construction of a new type of international relations. In the context of the current sluggish global economic growth and the counter current of multilateralism, China's plan has a strategic vision." Konstanza Holcla, a scholar at the University of Santiago in Chile, said that the cooperation with China has brought more and more positive energy to Latin American countries.

In the opinion of Stephen Ndegwa, the head of Kenya's South South Cooperation Think Tank, China's economy has maintained a sustained recovery momentum, continued to expand high-level opening up, effectively promoted the development of regional economic and trade cooperation, and injected more stability into global economic development.

"Promoted the sustainable development of the digital economy"

Digital reshapes the world and leads the future. With the vigorous development of the digital economy, digital economic governance has received more and more attention from the international community. As a major digital economy country, China actively promotes digital cooperation among countries and shares the dividend of digital economy development with other countries.

At the Hangzhou Summit, China promoted the formulation of the G20 Digital Economy Development and Cooperation Initiative. Digital economy has become a key topic and an important field of global economic and trade cooperation.

In the context of the COVID-19, the digital economy shows strong development resilience: new technologies, new formats and new platforms such as 5G, artificial intelligence and smart cities are booming, and the "non-contact economy" such as online shopping, online education and telemedicine has been comprehensively accelerated.

We worked with African countries to formulate and implement the "China Africa Digital Innovation Partnership Plan", held the China Latin American and Caribbean Science and Technology Innovation Forum, and worked with Gulf countries to build smart cities and develop artificial intelligence. China has strengthened digital economic cooperation with other countries, making important contributions to promoting economic and social development of relevant countries and global digital governance.

Carlos Aruda, professor of the Business School of the Royal Foundation of Cabral in Brazil, said that China's experience shows that digital technology plays an important role in poverty reduction and other aspects. Cooperation with China in digital payment, e-commerce and distance education can effectively reduce the imbalance of regional economic and social development.

Patrice Cain, Chairman and CEO of Thales Group, said that the continuous development of China's new generation of information and communication technology has strongly promoted the digitalization, networking and intelligence of the industry, which has benefited multinational enterprises.

The G20 should share the responsibility of the digital age, accelerate the construction of new digital infrastructure, promote the deep integration of digital technology with the real economy, and help developing countries bridge the "digital divide". The lack of rules has become a prominent challenge in the field of global digital governance. China advocates sharing the responsibilities of the digital age and creating an open, fair, just and non discriminatory digital development environment.

In August this year, the Working Group on China's accession to the Digital Economy Partnership Agreement (DEPA) was officially established, marking a new step in China's international cooperation in the digital economy. Claudia Wilnotti, the head of the Central European Digital Association in Belgium, commented that China's action will create an open and non discriminatory environment for the development of the digital economy and make greater contributions to improving global digital governance.

China has successively signed the China Arab Data Security Cooperation Initiative and the "China+Five Central Asian Countries" Data Security Cooperation Initiative with the League of Arab States and five Central Asian countries. The Global Data Security Initiative proposed by China is injecting the wisdom and strength of developing countries into global digital governance.

Mona Farid, professor of the School of Economics and Politics of Cairo University, Egypt, said: "China has proposed to actively create an open, fair, just and non discriminatory digital development environment, which has promoted the sustainable development of the digital economy."

"Provide a strong driving force for global economic and trade development"

At present, the instability and uncertainty of the world economic development are increasingly prominent. How to maintain and ensure the safety and stability of the industrial chain supply chain has become a common concern of the international community.

Leaders and ministerial level officials of 15 countries attended the meeting via video, and 29 envoys to China, 4 international organizations and representatives of many multinational enterprises participated offline.

During the forum, China, together with the G20 rotating presidency Indonesia, Chile, Cuba, Pakistan and Serbia, jointly launched the International Cooperation Initiative on the Resilience and Stability of the Industrial Chain Supply Chain, calling on all countries in the world to work together to build a more equitable, inclusive and constructive industrial chain supply chain partnership and build a better and prosperous world.

Comprehensively and deeply participate in the reform negotiations of the World Trade Organization, promote trade and investment liberalization and facilitation, promote international macroeconomic policy coordination, and jointly cultivate new drivers of global development... China has demonstrated its role as a major country in maintaining and promoting economic globalization and actively building an open world economy.

Alexei Maslov, dean of the Asian African Institute of Moscow State University, said that over the years, China has actively promoted trade and investment liberalization and facilitation, "providing a strong driving force for global economic and trade development, and taking practical actions to safeguard and promote economic globalization."

Stephen Perry, chairman of the 48 group clubs in the UK, said: "China's active participation in global trade will certainly promote trade growth, create more jobs for the world and increase people's income."

"China is willing to work with all parties to uphold the principle of joint consultation, joint construction and sharing, adhere to the concept of openness, green and integrity, strive to achieve high standards, benefit people's livelihood and sustainable goals, and promote high-quality joint construction of the the Belt and Road to achieve more fruitful results." The voice of China is heard everywhere.

For more than nine years, high-quality co construction of the "the Belt and Road" has become an effective platform for deepening and promoting international economic cooperation, enriching and improving innovative practices of global governance, and an important path for building a community with a shared future for mankind.

Ban Ki moon, the former UN Secretary General, said that all countries must recognize that knowledge sharing, multilateralism and regional cooperation are crucial to overcoming global challenges. China calls on all parties to work together to create a development pattern featuring inclusive, balanced, coordinated, inclusive, win-win cooperation and common prosperity, which provides effective solutions for addressing development challenges and promoting common development.

In Bali, where the sky is high and the sea is wide and the coconut trees are whirling, the international community will once again hear the voice of China and see its plans, and witness China's contribution to the common development, sustainable prosperity and long-term stability of human society.

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