The 24th issue of "Seeking Truth" published on the 16th will publish General Secretary Xi Jinping’s important article "Sharing the Responsibility of the Times and Promoting Global Development". This is the theme of General Secretary Xi Jinping at the opening ceremony of the 2017 World Economic Forum Annual Conference Speech.

The article systematically expounds China's policy in the era of globalization, and let's look at it.

1

Pros and cons

  •   From a historical perspective, economic globalization is an objective requirement for the development of social productive forces and an inevitable result of technological progress. It is not artificially created by any person or country;

  •   Economic globalization has provided a strong driving force for world economic growth, promoted the flow of goods and capital, the progress of science and technology and civilization, and the exchanges between people of all countries;

  •   Economic globalization is a double-edged sword.

    When the world economy is in a downturn, the global economic pie will not be easy to grow, or even become smaller. The contradictions between growth and distribution, capital and labor, efficiency and equity will become more prominent, and both developed and developing countries will feel the pressure. And shock

  •   The voice of anti-globalization reflects the insufficiency of the process of economic globalization and is worthy of attention and reflection.

△In January 2017, Xi Jinping attended the opening ceremony of the 2017 Annual Meeting of the World Economic Forum and delivered a keynote speech.

2

attitude

  •   Economic globalization has indeed brought new problems, but economic globalization must not be beaten to death with a single stick. Instead, it is necessary to adapt to and guide economic globalization and eliminate the negative effects of economic globalization;

  •   Simply attributing the problems that plague the world to economic globalization is neither true to the facts nor helpful in solving the problems;

  •   Facing the opportunities and challenges brought by economic globalization, the correct choice is to make full use of all opportunities, cooperate to meet all challenges, and guide the trend of economic globalization.

3

contradiction

  At present, the most urgent task is to lead the world economy out of difficulties.

The world economy has been in a long-term downturn, and the gap between the rich and the poor and the gap between the North and the South have become more prominent.

The root cause is that the three prominent contradictions in the economic field have not been effectively resolved.

  ■ Insufficient kinetic energy

  •   The world economy is in a shifting period of kinetic energy conversion. The traditional growth engine's role in driving the economy has weakened. Although new technologies such as artificial intelligence and 3D printing continue to emerge, new economic growth points have not yet been formed;

  ■Governance is lagging

  •   In the past few decades, the balance of international economic power has evolved profoundly, and the global governance system has failed to reflect the new pattern, and its representation and tolerance are insufficient;

  •   The global industrial layout is constantly being adjusted, and new industrial chains, value chains, and supply chains are taking shape day by day, while trade and investment rules have failed to keep up with the new situation, and closed mechanisms and fragmented rules are very prominent;

  •   The global financial market needs to strengthen the ability to resist risks, and the global financial governance mechanism has failed to adapt to new needs, and it is difficult to effectively resolve the frequent turbulence of the international financial market and the accumulation of asset bubbles;

  ■Development imbalance

  •   The Fourth Industrial Revolution will have extremely wide-ranging and far-reaching effects, including aggravating inequality, and in particular, it may widen the gap between returns on capital and returns on labor;

  •   The wealth of the world’s richest 1% of the population exceeds the total wealth of the remaining 99%. The inequality of income distribution and the unbalanced development space are worrying;

  •   There are still more than 700 million people living in extreme poverty in the world.

△In November 2019, Xi Jinping visited the Piraeus Port project of COSCO Shipping.

4

Break the problem

  There are problems that must be resolved in the economic growth, governance, and development model of the world today.

  ■Innovation Drive

  •   Go beyond the controversy over more fiscal stimulus or more monetary easing, and establish the idea of ​​addressing both the symptoms and the root causes and implementing comprehensive policies;

  •   Innovate policy measures, promote structural reforms, create space for growth and increase stamina;

  •   Grasp the opportunities brought about by the new round of industrial revolution and the digital economy, and pay attention to creating new employment opportunities in the process of cultivating new industries, new formats and new models, so that people of all countries can regain their confidence and hope;

  ■Collaboration

  • Develop global connectivity, so that all countries in the world can achieve coordinated growth and achieve common prosperity;

  • Develop global free trade and investment, promote trade and investment liberalization and facilitation in opening up, and oppose protectionism with a clear-cut stand;

  ■Fair and reasonable

  •   Give more representation and voice to emerging market countries and developing countries;

  •   Uphold multilateralism and maintain the authority and effectiveness of the multilateral system;

  ■Balanced inclusive

  •   Solve the problems of poverty, unemployment, and widening income gap, take care of the concerns of disadvantaged groups, and promote social fairness and justice;

  •   Protect the ecological environment, promote the coordinated development of economy, society, and the environment, and achieve harmony between man and nature, and man and society.

△ In September 2020, Xi Jinping delivered a speech at the 2020 China International Trade in Services Global Service Trade Summit.

5

Rule of China

  The key to China's development is that the Chinese people, under the leadership of the Communist Party of China, have embarked on a development path that suits China's national conditions.

  ■Based on national conditions

  All roads lead to Rome, and no one should set their own development path as one, let alone impose their own development path on others;

  ■The people are supreme

  China upholds the people-centered development ideology, takes improving people's lives and enhancing people's well-being as the starting point and goal, looking for development motivation among the people, relying on the people to promote development, and making development benefit the people;

  ■Reform and Innovation

  China persists in solving the difficulties and challenges encountered in its advancement through reforms, daring to bite hard bones, wandering into dangerous beaches, and bravely breaking down the institutional and mechanism barriers that hinder development, constantly liberating and developing social productive forces, and constantly liberating and enhancing social vitality;

  ■Open to the outside world

  China adheres to the basic national policy of opening up to the outside world, pursues a mutually beneficial and win-win opening strategy, and constantly improves the internal and external linkages of development, so as to achieve its own development and benefit other countries and people more.

△ In November 2020, Xi Jinping attended the second phase of the 15th G20 Summit by video, focusing on his views on sustainable development.

6

World opportunity

  •   China is a beneficiary of economic globalization, but also a contributor.

    China's rapid economic growth has provided a sustained and strong boost to global economic stability and growth.

    China's joint development with a large number of countries has made the global economic development more balanced.

    China’s tremendous achievements in poverty reduction have made global economic growth more inclusive.

    The continuous progress of China's reform and opening up has provided an important impetus for the development of an open world economy;

  •   The Chinese people all praise and bless the development achievements of the people of all countries. They all hope that their days will be better and better, they will not suffer from "red eye", and they will not complain about the huge opportunities and rich returns that others have obtained from China's development.

    With open arms, the Chinese people welcome people from all over the world to take the "express train" and "free ride" of China's development.