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China, Brazil already mature strategic partners: Chinese FM

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China, Brazil already mature strategic partners: Chinese FM

2024-09-28 01:05 Last Updated At:01:17

Chinese Foreign Minister Wang Yi said Thursday that this year marks the 50th anniversary of the establishment of diplomatic ties between China and Brazil, underscoring that the two countries have already been mature strategic partners.

During his meeting with Celso Amorim, special advisor to the President of Brazil, on the sidelines of the 79th Session of the UN General Assembly, Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, emphasized that China is ready to give full support to Brazil in hosting a successful G20 summit.

Wang said that China and Brazil, together with other like-minded "Global South" countries, will soon establish a "Friends of Peace" platform on the Ukraine crisis, which is an effort made by China, Brazil and "Global South" countries to strive for peace.

For his part, Amorim said Brazil is willing to work with China to make plans for high-level exchanges and deepen cooperation in various fields, he said.

China, Brazil already mature strategic partners: Chinese FM

China, Brazil already mature strategic partners: Chinese FM

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China's economic growth benefits world

2024-09-27 23:32 Last Updated At:09-28 00:17

Guided by President Xi Jinping's economic thought, China has pursued rural revitalization and deeper global economic integration, which benefits its people and the world.

Hebian, once a poverty-stricken village in Yunnan Province, now flourishes with local cooperatives, showcasing China's high-quality development model.

"In the past, I took jobs away from the village as a waiter, well driller, porter, and chef assistant. Now, I am the general manager at our village's cooperative," said Zhou Zhixue, CEO of Hebian Village Cooperative.

Deep in the mountains of Yunnan Province in southwest China, Hebian Village once suffered from extreme poverty. Humans and animals used to share living spaces. Young people dreamed of escaping the confines of the mountains. Today, the village has built guest houses for those keen to explore the rainforests. Many young people who once left have now returned, drawn by new opportunities.

"This is a microcosm of Chinese modernization. There are many such villages in China that are exploring how to connect traditional small-holder agricultural lifestyle with modernity," said Li Xiaoyun, a professor of China Agricultural University.

"Rural revitalization is a major task in realizing the great rejuvenation of the Chinese nation. It's all about keeping the issues related to agriculture, farmer and rural area at the top of our agenda, and following the path of socialist rural revitalization with Chinese characteristics," Xi said at the National Poverty Alleviation Summary and Commendation Conference on Feb 25, 2021.

Agriculture is China's most fundamental and important sector. In 2017, Xi pointed out that China's economy had shifted from a phase of rapid growth to a phase of high-quality development. He proposed to implement the rural revitalization strategy and chart a new course for rural development.

"Our most valuable and crucial experience is having established a mechanism centered around farmers to drive the development of rural industries," said Li.

Under the guidance of Xi Jinping's economic thought, rural industries in China have thrived, increasing farmers' income and enhancing the quality of their life. Overall, the country's GDP has grown from 54 trillion yuan in 2012 to 121 trillion yuan in 2022, with its share of the global economy increasing from 11.3 percent to 18 percent.

"So when I tell you China accounts for 30 percent of global growth, that's just a mechanical effect. Every one percentage point faster growth in China on average leads to the 0.3-percent increase in output in other countries over time. That's the second effect. That's the spillovers from faster growth in China," said Steven Alan Barnett, Senior Resident Representative in China of the International Monetary Fund (IMF).

Today, with the rapid development of the global digital economy, China positions data as a key production factor and speeds up the development of new quality productive forces. The Dalian High-Tech Zone is among the first of China's national high-tech zones.

"When these partners have shares here, they will take the entrepreneurship project as their own business. This not only improves the work efficiency, but also gives us more energy and time to focus on project development and product research," said Li Lingye, general manager of Wanyida Education Consulting Co., Ltd.

When President Xi visited Dalian in August 2013, he described the zone as both a magnet of technological resources and an incubator for innovation.

"China attaches great importance to sci-tech innovation and is committed to promoting global cooperation in sci-tech innovation with a more open attitude, and actively participate in global innovation networks, so as to foster new growth momentum for economic development," Xi said at the opening ceremony of the 2021 Zhongguancun Forum.

Xi places innovation at the forefront of the new development philosophy, since innovation can drive industrial upgrading, improve production efficiency, and optimize the economic structure.

The China International Import Expo (CIIE) is a global trade event personally conceived, proposed, planned and promoted by Xi. Since 2018, the CIIE has been held six times, serving as a platform for China to promote high-standard opening-up and as an international public good shared globally.

"We will not change our resolve to open wider at a high standard; we will not change our determination to share development opportunities with the rest of the world; and we will not change our commitment to an economic globalization that is more open, inclusive, balanced and beneficial for all," said Xi when delivering a keynote speech at the opening ceremony of the fourth China International Import Expo.

To promote greater openness, China has released its latest negative list for foreign investment. Starting Nov 1 this year, all restrictions on foreign investment in the manufacturing sector will be removed.

"So reducing restrictions is obviously important. Creating a good business environment is arguably maybe even more important. But to actually attract the investment, it's gonna be really important to have a really strong business environment," said Barnett.

Xi Jinping's economic thought emphasizes the creation of a new development paradigm with domestic circulation as the mainstay, and domestic and international circulations reinforcing each other, in order to facilitate the smooth flow of economic activity.

"President Xi Jinping comes up and tells the whole world that socialism is not a dogma. It is a science to action. He starts a process of capital accumulation and expanding production and ensuring the happiness of Chinese. And he is telling the world: please, we are here to help," said Mbita Chintundya Chitala, Zambia's Former Deputy Minister of Finance.

In July, China pointed out that by 2035, it would build a high-level socialist market economic system in an all-round way, which is an important guarantee for the realization of Chinese modernization.

"Our house is a work of art, built by the villagers themselves. If we keep going like this, we will have a certain advantage in ten years," said Zhou.

"We will continue to follow the Chinese path to modernization to achieve the rejuvenation of the Chinese nation, and we will continue to promote the building of a community with a shared future for mankind. By doing so, we will create new opportunities for the world with new advances in China’s development and contribute our vision and strength to world peace and development and human progress," Xi said at the 22nd meeting of the Council of Heads of State of the Shanghai Cooperation Organization on September 2022.

China's economic growth benefits world

China's economic growth benefits world

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