China’s experience has proven that industrial policies that create incentives for companies, universities, and research centers can help the country advance into the global value-added chain.
During this year’s two sessions, China’s optics on international relations are particularly noteworthy against the backdrop of a rapidly changing and turbulent global landscape.
China’s ability to implement strategic plans on a national scale not only highlights the effectiveness of its governance model but also its capacity to navigate complex global challenges.
It is obvious that China is on its way to become a major global power for innovation.
This emphasis on delivering social and environmental equality stands out in stark contrast with the imbalance in the West towards private profit and societies and environments blighted by inequality.
China welcomes foreign investment and is instituting the necessary reforms to create a level playing field for all participants, domestic as well as foreign ones.
Policy support and structural reforms are instrumental to securing China’s growth momentum, and the ‘two sessions’ are framed within this context.
China’s whole-process people’s democracy has created happiness and prosperity for its citizens and promoted global peace and development.
The advancement of Chinese economy with technological innovation will help the world achieve sustainable economic growth.
What we see accordingly from China’s 2024 government work report is thus a multipronged economic strategy which is tailored to furthering the country’s economic development in consideration of the broader global challenges at hand.
One can ask why this Chinese economic recovery matters to Africans. That is because it can potentially benefit the continent’s economy in several ways.
China has now emerged as a strong and wealthy nation, capable of serving the greater global good through win-win development schemes, while promoting democracy internationally through true multilateralism.
Facebook
Twitter
Linkedin
Google +