波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒

Global EditionASIA 中文雙語(yǔ)Fran?ais
Opinion
Home / Opinion / Op-Ed Contributors

China remains a powerhouse of global economy

By Otton Solis | China Daily | Updated: 2024-03-06 07:05
Share
Share - WeChat
Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. [Photo provided to chinadaily.com.cn]

The dream of every developing country is to eradicate poverty and to achieve a high GDP economic growth rate. As simple and obvious as these two objectives might appear, the fact is that in most countries of the world, in both academia and policy-making circles, there are widely diverging positions on the issue.

Should economic growth take priority, relegating poverty reduction policies when a high level of per capita income becomes a reality? Is there a causality relationship between economic growth and poverty reduction? If so, does economic growth per se lead to poverty reduction, rendering the correct trickle-down approach? If poverty reduction is given priority, will that help or hinder economic growth?

China did not dwell too much on these issues, nor did it wait for agreements on the issue. With its unbounded pragmatism and distaste for ideological dogmas, China, under Deng Xiaoping's leadership, decided to meet the two challenges at once with extraordinary success.

China's economy grew at an average rate of about 10 percent per year for four decades, which allowed it to lift more than 800 million people out of extreme poverty. Its economy became the industrial powerhouse of the world and its mastering of advanced technologies, either adopting from other countries or created locally, generated a substantial competitive edge vis-à-vis both the developed Western economies and the Global South.

The reaction of some countries, the same ones that have preached free trade almost as if it was a religion, to the point of imposing them on many developing countries, has been to instigate trade wars against China. So far, the impact of those wars has been feeble, as China continues to be competitive in world trade.

Yet the quality development which China's top leader has called for might be the best answer to a potential enhancement of trade protectionism against China. Never mind the intensity of trade obstruction measures, if the price, technological quality and values (for example, sustainability) of Chinese products continue to be a magnet for consumers and businesses across the world, there is little harm that geopolitical protectionism can cause to the Chinese economy.

Toward that path, China should feel optimistic, since it registers optimal conditions to keep the economy growing at a faster pace than most economies in the world and to compete with the advantages of quality development. It has big trade surplus and substantial foreign reserves. This wide room for maneuvering is accompanied by the high rate of household savings: 44 percent of disposable income, more than double the corresponding ratio for Western economies.

Therefore, China not only wants to improve the quality and increase the quantity of investment and the pace of capital accumulation; it also has the macroeconomic means to proceed without fear of trade deficit, a payment crisis or an inflationary outburst.

At any rate, unlike most emerging economies China tallies a large domestic market, capable of matching up any consequences of anti-Chinese export policies in other countries. Given the high rate of household savings, demand can be boosted even without increasing government expenditure.

And since the Chinese government's debt is lower than 60 percent of GDP, it has enough room for increasing public expenditure in order to boost demand. This is a luxury few countries can afford given the high ratio of government debt to GDP. For instance, in the United States, the corresponding ratio is 122 percent and in Japan 261 percent, according to the IMF. The ratios for other Western developed economies are similarly high. Perhaps the exception is Germany, whose debt ratio is only 66 percent.

China has already won the favor of global markets as far as high-tech and environmentally friendly products are concerned. A quarter of China's manufactured exports are high-tech products. China accounts for about 80 percent of the global market for solar panels and more than 60 percent of wind energy production. Given that environmental certifications are becoming an imperative in sale pitching, sustainable energy is of paramount importance.

Importantly, China is also the largest manufacturer of electric vehicles.

These and other indicators clearly position China in the pole position in any race for quality production. But probably the most important reason for being optimistic about the outcome of that race is the fact that the Chinese authorities are not attached to any ideological recipes.

Since the launch of reform and opening-up in the late 1970s, the Chinese leadership has dynamically adjusted policies according to whatever is needed to maintain fast economic growth, sharpen the country's competitive edge in the world market, promote technological modernization and reduce poverty. China does not adhere to any ideological or economic textbook or clichés. This flexibility contrasts with the self-imposed ideological pomposity that shapes policymaking debates in most Western economies, not only on economic decisions but also foreign policy.

The US is the world's largest economy and there is much to admire about some of its achievements. But China's strength is important for balancing the world domineering ambitions of US politicians. Therefore, the Global South would benefit if an optimistic and visionary China emerges from the annual sessions of the National People's Congress and the National Committee of the Chinese People's Political Consultative Conference — a China that will continue to promote global peace, prosperity and sustainability.

The author is a professor at Instituto Empresarial University in Spain, a senior fellow at Beijing Club for International Dialogue and was special advisor to the president of Costa Rica from 2018-2022.

The views don't necessarily represent those of China Daily.

If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at opinion@chinadaily.com.cn, and comment@chinadaily.com.cn.

 

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒
一级黄色毛毛片| 日本一区二区视频在线观看| 一区二区视频免费在线观看| 懂色av一区二区三区免费观看 | 国产一区二区三区免费| 三级视频网站在线观看| 欧美日韩精品高清| 亚洲一区二区三区自拍| av地址在线观看| 欧美日韩国产综合一区二区三区| 亚洲精品老司机| 永久看看免费大片| 欧美日韩一区在线| 亚洲高清视频在线| 久久精品女同亚洲女同13| 制服丝袜在线91| 日韩电影免费在线| 中文字幕av网址| 久久综合色8888| 激情综合网激情| 亚洲综合久久av一区二区三区| 国产日韩av一区二区| 国产不卡在线视频| 色婷婷国产精品| 亚洲最大色网站| 欧美大喷水吹潮合集在线观看| 日韩欧美在线123| 狠狠色狠狠色综合日日91app| 我不卡一区二区| 国产精品日韩精品欧美在线| 9i在线看片成人免费| 精品视频1区2区| 日韩国产欧美一区二区三区| 日本激情小视频| 国产女人18水真多18精品一级做| 成人国产在线观看| 欧美天天综合网| 日本免费在线视频不卡一不卡二| 亚洲一区二区自偷自拍 | 黄色a一级视频| 久久免费视频一区| 成人免费av网站| 欧美日韩aaaaa| 久久99热国产| 色欧美乱欧美15图片| 亚洲成av人影院在线观看网| 三上悠亚影音先锋| 中文字幕一区二区在线播放 | 欧美日韩三级在线| 免费三级欧美电影| 翔田千里88av中文字幕| 亚洲一区视频在线| xxxx日本免费| 亚洲免费观看高清完整| 中出视频在线观看| 国产精品久久久久久久久免费桃花| 一个人看的视频www| 精品久久久久久最新网址| 豆国产96在线|亚洲| 51精品国自产在线| 国产河南妇女毛片精品久久久 | 亚洲午夜国产一区99re久久| 国产 欧美 在线| 亚洲欧美另类在线| 欧美色图亚洲激情| 亚洲日本免费电影| 国产美女免费无遮挡| 亚洲三级在线观看| 国产av自拍一区| 亚洲精品第一国产综合野| 国产在线观看h| 亚洲综合无码一区二区| 亚洲色图日韩精品| 性做久久久久久免费观看| 激情丁香综合五月| 欧美色综合网站| 国产高清不卡一区二区| 欧美精品 国产精品| 成人免费毛片a| 欧美xxxxx裸体时装秀| 91免费版pro下载短视频| 久久美女高清视频| 无码人妻精品一区二区三区99不卡| 国产日产精品1区| 免费中文字幕av| 亚洲精品国产成人久久av盗摄| 亚洲ⅴ国产v天堂a无码二区| 亚洲一区二区在线免费看| 强制高潮抽搐sm调教高h| 日本美女一区二区| 欧美三级日韩三级国产三级| 风流少妇一区二区| wwwwxxxxx欧美| 黄色网址在线视频| 一区二区三区蜜桃| 中文字幕av播放| 国模娜娜一区二区三区| 日韩一级黄色大片| 中文字幕久久久久久久| 国产精品国产自产拍高清av王其 | 国产精品一区在线| 日韩欧美国产系列| 超碰caoprom| 亚洲一区视频在线| 日本电影亚洲天堂一区| 粉嫩av亚洲一区二区图片| 久久视频一区二区| 欧洲女同同性吃奶| 日韩综合在线视频| 欧美精品日韩一本| 亚洲女则毛耸耸bbw| 亚洲精品国产一区二区精华液 | 久久激五月天综合精品| 91精品国产乱| 国产午夜在线一区二区三区| 亚洲精品成人悠悠色影视| 国产免费无码一区二区视频| 国产成人av影院| 欧美国产欧美亚州国产日韩mv天天看完整 | 国产精品女主播av| 女性裸体视频网站| 国产一区二区三区美女| 国产三级三级三级精品8ⅰ区| 国产高清一区二区三区四区| 美美哒免费高清在线观看视频一区二区| 制服丝袜在线91| 182在线视频| 日韩精品电影一区亚洲| 欧美一个色资源| 免费成人深夜夜行p站| 欧美aaaaa成人免费观看视频| 91精品国产综合久久久久久久 | 成人免费精品动漫网站| 国产91精品久久久久久久网曝门 | 欧美三级电影在线看| 国产伦精品一区二区三区妓女下载| 亚洲欧美日韩一区| 欧美视频一区二| 精品影片一区二区入口| 日韩av二区在线播放| 精品国产一二三| 中文字幕黄色网址| 国产成人av电影在线观看| 亚洲欧洲国产日本综合| 色哟哟亚洲精品| xxxx国产视频| 日韩精品久久久久久| 精品美女在线观看| 992在线观看| 99热99精品| 午夜电影网亚洲视频| 日韩精品中文字幕在线一区| 黄免费在线观看| 成人激情校园春色| 亚洲国产另类av| 欧美电影免费观看高清完整版在线| 色哟哟精品观看| 成人综合激情网| 亚洲狠狠爱一区二区三区| 日韩欧美国产成人一区二区| 日本污视频网站| caoporm超碰国产精品| 亚洲国产成人av好男人在线观看| 日韩三区在线观看| 国精产品一区一区| 91色综合久久久久婷婷| 五月开心婷婷久久| 国产偷国产偷亚洲高清人白洁| 丰满少妇高潮久久三区| 亚洲少妇一区二区三区| 精品一区二区在线观看| 国产精品久久久久久久久搜平片| 欧美日韩亚州综合| 免费看91的网站| 99re这里只有精品首页| 日韩av电影天堂| 国产精品国产三级国产三级人妇| 欧美日韩成人高清| 日本伦理一区二区三区| 欧美日韩一区二区区别是什么| 蜜臀av一区二区在线观看| 国产精品久久午夜| 7777女厕盗摄久久久| 国产wwwwxxxx| 国产精品手机在线观看| 国产在线不卡一区| 亚洲一区二区四区蜜桃| 国产亚洲女人久久久久毛片| 欧美色图天堂网| 色撸撸在线视频| 久久久老熟女一区二区三区91| 国产精品系列在线观看| 亚洲va中文字幕| 国产精品乱码人人做人人爱 | 美女一区二区三区| 亚洲人成精品久久久久| 欧美精品一区二区三区视频| 欧美日韩一级二级| 日韩精品一区二区三区在线视频| 欧美xxxxx少妇|