China's sharing of growth has global impact
1 year ago

China's sharing of growth has global impact

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. Serving as a blueprint for China's quest for modernization in all aspects, the report clearly showed Beijing's efforts to continue pursuing higher-quality economic growth and to appropriately increase economic output. In 2017, scholar Joseph Nye Jr said that if a rising China failed to deliver global public goods, this could result in the "Kindleberger trap", a term he coined in reference to a situation in which no country takes the lead in maintaining international institutions. China understands that "success is best when it's shared", as stated by businessman and author Howard Schultz, and its contribution to global economic growth from 2013 to 2021 surpassed that of most developed countries, according to World Bank data. Combined, the BRI and FOCAC and other China-proposed global public goods, such as the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative, are proof of China's economic growth.

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History of this topic

Open China continues to drive global growth
1 month, 2 weeks ago

Open China continues to drive global growth

China Daily  

Lujiazui, Shanghai's financial center, provides a stunning backdrop to the Bund. This underscores the growing importance of the Belt and Road Initiative in strengthening trade ties and economic cooperation between China and other developing countries, consolidating the country's role as a key player in global trade and infrastructure development. While the Global South seeks access to China's vast market for …

Open China continues to drive global growth
1 month, 2 weeks ago

Open China continues to drive global growth

China Daily  

Lujiazui, Shanghai's financial center, provides a stunning backdrop to the Bund. This underscores the growing importance of the Belt and Road Initiative in strengthening trade ties and economic cooperation between China and other developing countries, consolidating the country's role as a key player in global trade and infrastructure development. While the Global South seeks access to China's vast market for …

Beijing's green efforts to benefit world
3 months, 1 week ago

Beijing's green efforts to benefit world

China Daily  

This photo taken on June 3, 2023 shows an electric bus of BasiGo, a Kenyan startup locally assembling from parts supplied by Chinese automotive company BYD. China's further development of the high-quality Belt and Road cooperation and the country's pursuit of green transition in economic growth model will benefit the world, especially the development in Africa, said Siddharth Chatterjee, the …

Xi calls for building just world of common development, outlines China's actions for global development
4 months, 2 weeks ago

Xi calls for building just world of common development, outlines China's actions for global development

China Daily  

G20 leaders pose for a group photo during an event launching the Global Alliance Against Hunger and Poverty at the G20 Summit at the Museum of Modern Art in Rio de Janeiro, Brazil on Monday. Noting that China always places the people front and center, and solemnly declares that "not a single poor region or person should be left behind," …

Xi calls for building just world of common development, outlines China's actions for global development
4 months, 2 weeks ago

Xi calls for building just world of common development, outlines China's actions for global development

China Daily  

G20 leaders pose for a group photo during an event launching the Global Alliance Against Hunger and Poverty at the G20 Summit at the Museum of Modern Art in Rio de Janeiro, Brazil on Monday. Noting that China always places the people front and center, and solemnly declares that "not a single poor region or person should be left behind," …

Africa’s Geopolitical Shift: China’s Expansion and India’s Strategic Challenge
4 months, 3 weeks ago

Africa’s Geopolitical Shift: China’s Expansion and India’s Strategic Challenge

The Hindu  

Published : Nov 11, 2024 23:07 IST - 15 MINS READ The 2024 summit of the Forum on China-Africa Cooperation, held from September 4 to 6 in Beijing, has reinforced China’s geopolitical clout over Africa. The growing stature of China in Africa, in what China calls the “new era”, has markedly upset the established geopolitical configurations in the continent and …

China’s relationship with Africa is growing murkier
4 months, 4 weeks ago

China’s relationship with Africa is growing murkier

Live Mint  

It has been the highlight of most African leaders’ diplomatic calendar for nearly a quarter of a century. Billed by China’s foreign ministry as a “grand reunion of the China-Africa big family", more than two dozen African leaders are in attendance. The relationship is less frenzied than in the 2000s and 2010s, when China’s state-backed banks funnelled billions into Africa’s …

China's High-Quality Development: A Catalyst for Global Prosperity
5 months ago

China's High-Quality Development: A Catalyst for Global Prosperity

China Daily  

China's pursuit of high-quality development is expected to continue to be a major driver of global growth. Three experts share their views on the issue, with some arguing that pure economic variables are not sufficient to make people understand and design policies on development, while others emphasize the importance of poverty reduction in achieving sustainable development.

China's Transformative Contribution to Global Unity and Cooperation: A New Era of Shared Prosperity
5 months, 1 week ago

China's Transformative Contribution to Global Unity and Cooperation: A New Era of Shared Prosperity

China Daily  

Chinese President Xi Jinping has expressed China's commitment to continue working with other Global South countries to promote high-quality development of the BRICS Plus cooperation. Xi proposed three proposals to strengthen global security governance, promote common prosperity, and enhance development in all civilizations. He emphasized China's unwavering dedication to the development and revitalization of the Global South, highlighting its contributions …

China strives for global stability, prosperity
6 months ago

China strives for global stability, prosperity

China Daily  

A Chinese knot installation with the logo of the 2024 Summit of the Forum on China-Africa Cooperation is seen near the China National Convention Center in Beijing on Sep 2, 2024. Yasir Habib Khan, president of the Institute of International Relations & Media Research in Pakistan, said that China's peaceful diplomacy is taking center stage in the international arena as …

China, Africa embark on new collaboration path
6 months, 3 weeks ago

China, Africa embark on new collaboration path

China Daily  

Jin Ding/China Daily In his keynote speech at the 2024 summit of the Forum on China-Africa Cooperation in Beijing on Sept 5, President Xi Jinping outlined a new blueprint for China-Africa cooperation for the next three years and for jointly advancing modernization. The new interpretation of China and Africa jointly advancing modernization is closely related to China's Global Development Initiative, …

China, Africa embark on new collaboration path
6 months, 3 weeks ago

China, Africa embark on new collaboration path

China Daily  

Jin Ding/China Daily In his keynote speech at the 2024 summit of the Forum on China-Africa Cooperation in Beijing on Sept 5, President Xi Jinping outlined a new blueprint for China-Africa cooperation for the next three years and for jointly advancing modernization. The new interpretation of China and Africa jointly advancing modernization is closely related to China's Global Development Initiative, …

China, Africa vital for Global South's modernization
6 months, 3 weeks ago

China, Africa vital for Global South's modernization

China Daily  

Editor's note: With China and Africa elevating their relationship to an all-weather China-Africa community with a shared future in the new era, the two sides are working more closely to realize modernization. China's pursuit of high-quality development and modernization has inspired many Global South countries, including African nations, to take measures to boost development and alleviate poverty. African countries have …

China, Africa vital for Global South's modernization
6 months, 3 weeks ago

China, Africa vital for Global South's modernization

China Daily  

Editor's note: With China and Africa elevating their relationship to an all-weather China-Africa community with a shared future in the new era, the two sides are working more closely to realize modernization. China's pursuit of high-quality development and modernization has inspired many Global South countries, including African nations, to take measures to boost development and alleviate poverty. African countries have …

Laying foundation for a fair and just world order
6 months, 3 weeks ago

Laying foundation for a fair and just world order

China Daily  

This photo taken on Aug 29 near China Nation Convention Center, showing a sign of The 2024 Summit of the Forum on China-Africa Cooperation, which will be held from Sept 4 to Sept 6, 2024. First, unlike Western economies, China does not dictate conditions or set political terms for providing loans or aid for African countries, or for engaging in …

Laying foundation for a fair and just world order
6 months, 3 weeks ago

Laying foundation for a fair and just world order

China Daily  

This photo taken on Aug 29 near China Nation Convention Center, showing a sign of The 2024 Summit of the Forum on China-Africa Cooperation, which will be held from Sept 4 to Sept 6, 2024. First, unlike Western economies, China does not dictate conditions or set political terms for providing loans or aid for African countries, or for engaging in …

Beijing Summit set to be new marker for historical achievements of the FOCAC: China Daily editorial
6 months, 4 weeks ago

Beijing Summit set to be new marker for historical achievements of the FOCAC: China Daily editorial

China Daily  

This photo taken on Aug 29 shows a sign of The 2024 Summit of the Forum on China-Africa Cooperation. For China, Africa is a significant development partner, due to its resources, markets, economic opportunities and investment potential, and its engagement with African countries is a prime example of South-South cooperation, which emphasizes solidarity among developing nations in the face of …

Sino-African economic, trade cooperation reaches new heights
7 months ago

Sino-African economic, trade cooperation reaches new heights

China Daily  

University students operate equipment at a workshop in Tananarive, capital of Madagascar, April 26, 2024. BEIJING — China-Africa economic and trade cooperation has continued to scale new heights since the 2021 Forum on China-Africa Cooperation, delivering tangible benefits to the people of both China and Africa, said Assistant Minister of Commerce Tang Wenhong. Major benefits During a news conference, Liu …

Breakthrough potential
7 months ago

Breakthrough potential

China Daily  

JIN DING/CHINA DAILY China's future economic growth offers immense opportunities for Africa's development China's contemporary relations with African countries go back to the early 1950s when it provided material and moral support for Africa's liberation struggle. In the same period, China's economic growth and China-Africa economic relations rapidly increased, and African economies experienced a growth rate of about 5 percent …

Breakthrough potential
7 months ago

Breakthrough potential

China Daily  

JIN DING/CHINA DAILY China's future economic growth offers immense opportunities for Africa's development China's contemporary relations with African countries go back to the early 1950s when it provided material and moral support for Africa's liberation struggle. In the same period, China's economic growth and China-Africa economic relations rapidly increased, and African economies experienced a growth rate of about 5 percent …

China to advance high-quality BRI ties with Africa
7 months ago

China to advance high-quality BRI ties with Africa

China Daily  

A train driver prepares for departure at Idu Railway Station, the starting point of the Abuja-Kaduna Railway in Abuja, the capital of Nigeria, on Sept 18. DONG JIANGHUI/XINHUA China will take further steps including deepening partnership in emerging fields, such as green development and the digital economy, to promote high-quality Belt and Road cooperation with African countries in the coming …

China's aid programs help other Global South nations realize shared prosperity
7 months, 1 week ago

China's aid programs help other Global South nations realize shared prosperity

China Daily  

Ogiji Sunday Uko's enriching journey in China came to an end in June, when he graduated from China Foreign Affairs University. Challenges seen Wang Yiwei, a professor at Renmin University of China's School of International Studies, said that foreign aid bolsters China's political influence, its ability to shape international rules and its global reputation. "It is crucial to recognize the …

China-Africa economic, trade cooperation reaches new heights
7 months, 1 week ago

China-Africa economic, trade cooperation reaches new heights

China Daily  

Photo taken on May 8, 2022 shows a section of the Nairobi Expressway in Nairobi, Kenya. Growing trade, investment cooperation "China has remained Africa's largest trading partner for 15 consecutive years," Tang said, noting that in 2023, China-Africa trade reached $282.1 billion, up nearly 11 percent compared with 2021, which demonstrates the strong resilience of China-Africa trade. China-aided projects benefit …

China's rise drives Global South development
7 months, 1 week ago

China's rise drives Global South development

China Daily  

LI MIN/CHINA DAILY The Chinese economy is transitioning from quantitative growth to qualitative development, powered by new quality productive forces. Since the third plenum of the 20th CPC Central Committee, which was held in July, said the overall objectives of further deepening reform comprehensively are to continue improving and developing the system of socialism with Chinese characteristics, advancing Chinese modernization, …

Building work
7 months, 1 week ago

Building work

China Daily  

WANG XIAOYING/CHINA DAILY In an era of economic and trade protectionism, neoliberalism and geopolitical confrontations, developing countries are increasingly becoming geopolitical and economic pawns in the zero-sum game of great power competition. For Malawi, a landlocked country, railway infrastructure development projects are a priority as they promote strategic economic connectivity. In addition to infrastructure development, China has also been investing …

Building work
7 months, 1 week ago

Building work

China Daily  

WANG XIAOYING/CHINA DAILY In an era of economic and trade protectionism, neoliberalism and geopolitical confrontations, developing countries are increasingly becoming geopolitical and economic pawns in the zero-sum game of great power competition. For Malawi, a landlocked country, railway infrastructure development projects are a priority as they promote strategic economic connectivity. In addition to infrastructure development, China has also been investing …

China funding aids Africa development
7 months, 2 weeks ago

China funding aids Africa development

China Daily  

Photo taken on May 8, 2022 shows a section of the Nairobi Expressway in Nairobi, Kenya. Financial assistance from China has played a crucial role in infrastructure development in Africa since the Forum on China-Africa Cooperation, or FOCAC, was established, paving the way for economic prosperity, observers said, adding that Sino-African cooperation will help address emerging challenges facing the continent …

BRIdging a divide
9 months, 2 weeks ago

BRIdging a divide

China Daily  

WANG XIAOYING/CHINA DAILY The China-Europe freight rail service, backed by the Belt and Road Initiative, recently reached a significant milestone by completing its 90,000th trip. The initiative has driven nearly 1 trillion dollars in investments, led to cooperative projects, created job opportunities in partner countries, and significantly contributed to lifting thousands of people out of poverty. Now, the BRI is …

BRIdging a divide
9 months, 2 weeks ago

BRIdging a divide

China Daily  

WANG XIAOYING/CHINA DAILY The China-Europe freight rail service, backed by the Belt and Road Initiative, recently reached a significant milestone by completing its 90,000th trip. The initiative has driven nearly 1 trillion dollars in investments, led to cooperative projects, created job opportunities in partner countries, and significantly contributed to lifting thousands of people out of poverty. Now, the BRI is …

Dialogue crucial for global vitality: China Daily editorial
9 months, 3 weeks ago

Dialogue crucial for global vitality: China Daily editorial

China Daily  

Foreign Ministers Naledi Pandor of South Africa, Wang Yi of China, Sergei Lavrov of Russia, Mauro Vieira of Brazil and Sheikh Abdullah bin Zayed Al Nahyan of the United Arab Emirates pose for a group photo during a meeting of foreign ministers of the BRICS group of nations, in the city of Nizhny Novgorod, Russia June 10, 2024. This is …

Beijing extends development support globally
1 year, 1 month ago

Beijing extends development support globally

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. China's contributions to the well-being of humankind as a whole, including its contributions to global development and governance organizations, and its development partnerships with other countries have yielded positive results for all. With the highly inclusive Belt and Road Initiative, and the expansive and all-embracing Global Development …

Beijing extends development support globally
1 year, 1 month ago

Beijing extends development support globally

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. China's contributions to the well-being of humankind as a whole, including its contributions to global development and governance organizations, and its development partnerships with other countries have yielded positive results for all. With the highly inclusive Belt and Road Initiative, and the expansive and all-embracing Global Development …

China, Africa cooperation impacts the world
1 year, 6 months ago

China, Africa cooperation impacts the world

China Daily  

Freight trains are seen at Nairobi station of Mombasa-Nairobi Standard Gauge Railway in Nairobi, capital of Kenya, Nov 17, 2021. China has become one of the main sources of investment and financing in Africa, providing a large amount of urgently needed funds for African development through mechanisms such as providing aid, government concessional loans, commercial financial institution credit funds, special …

BRI helps boost African nations' development
1 year, 7 months ago

BRI helps boost African nations' development

China Daily  

MA XUEJING/CHINA DAILY This year marks the 10th anniversary of not only the Belt and Road Initiative but also the principles governing China's Africa policy which President Xi Jinping has put forward. Based on China's Africa policy of sincerity, real results, amity, good faith, and pursuit of greater good and shared interests, the two sides have deepened cooperation, making the …

Beijing is fostering shared development through initiatives
1 year, 7 months ago

Beijing is fostering shared development through initiatives

China Daily  

A logo of the Belt and Road is seen in Shanghai. While China's foreign policy is based on the concept of building a unified global community, the country's concern for humanity's well-being has prompted it to deepen cultural relations with other countries and promote mutual understanding. Developing countries recognize China's role in driving global socioeconomic development and fostering shared prosperity. …

Beijing is fostering shared development through initiatives
1 year, 7 months ago

Beijing is fostering shared development through initiatives

China Daily  

A logo of the Belt and Road is seen in Shanghai. While China's foreign policy is based on the concept of building a unified global community, the country's concern for humanity's well-being has prompted it to deepen cultural relations with other countries and promote mutual understanding. Developing countries recognize China's role in driving global socioeconomic development and fostering shared prosperity. …

Increasing G20 cooperation on debt and investment in Africa
1 year, 8 months ago

Increasing G20 cooperation on debt and investment in Africa

Hindustan Times  

Africa’s long-standing and difficult history with international capital can be attributed to a complex set of factors, including historical legacies, structural adjustment programmes and, most recently, Chinese investment. While Africa’s hard-won credit market access had been hailed as the key to boosting the region’s growth and development, countries now face significant challenges in their relationship with international capital, with profound …

Building community with a shared future with GDI
1 year, 8 months ago

Building community with a shared future with GDI

China Daily  

JIN DING/CHINA DAILY The world today faces two main problems: intertwined deficits and insufficient public goods. The impacts of COVID-19 and the Russia-Ukraine conflict have increased the need for global public goods, in order to meet the demands of development and solve the structural problems. First, the GDI provides new ways for addressing global development problems, because it aims to …

Building community with a shared future with GDI
1 year, 8 months ago

Building community with a shared future with GDI

China Daily  

JIN DING/CHINA DAILY The world today faces two main problems: intertwined deficits and insufficient public goods. The impacts of COVID-19 and the Russia-Ukraine conflict have increased the need for global public goods, in order to meet the demands of development and solve the structural problems. First, the GDI provides new ways for addressing global development problems, because it aims to …

BCG says China crucial to global economic growth
1 year, 9 months ago

BCG says China crucial to global economic growth

China Daily  

Wu Chun, managing partner of Boston Consulting Group Greater China. China has remained a major driving force for global growth and the country's strong economic recovery helps boost confidence in global economy, said Wu Chun, managing partner of Boston Consulting Group Greater China. According to BCG's estimates, China is projected to contribute at least 25 percent of global economic growth …

BCG says China crucial to global economic growth
1 year, 9 months ago

BCG says China crucial to global economic growth

China Daily  

China has remained a major driving force for global growth and the country's strong economic recovery helps boost confidence in global economy, said Wu Chun, managing partner of Boston Consulting Group Greater China. According to BCG's estimates, China is projected to contribute at least 25 percent of global economic growth by 2030. "China's economy stabilized and rebounded to a good …

Expanded BRICS would bring widespread benefits
1 year, 10 months ago

Expanded BRICS would bring widespread benefits

China Daily  

Interestingly, a new "continent "of multiculturalism is in the making in the shape of a strategic expansion of the BRICS grouping of emerging economies — Brazil, Russia, India, China and South Africa — with more countries keen to join. An expanded BRICS would vividly reflect the true spirit of multilateralism, which could guarantee the survival of emerging markets and developing …

Nation's pace of recovery offers global inspiration
1 year, 11 months ago

Nation's pace of recovery offers global inspiration

China Daily  

A view of Beijing's CBD area on Aug 19, 2022. The World Bank has revised its global growth prospects, thanks to a strong economic rebound by China following Beijing's optimization of COVID-19 containment measures. China's economy is now expected to grow by 5.1 percent in 2023, injecting new impetus into the global economic outlook, which is now projected to grow …

Africa a natural partner of BRI
2 years, 2 months ago

Africa a natural partner of BRI

China Daily  

JIN DING/CHINA DAILY It has been a 33-year-old tradition of China's foreign ministers making their first overseas trip to Africa at the beginning of every new year. China's investments in Africa also date back to the 1949-1976 period when several African countries were still fighting for independence from European colonial powers. To date, almost all African countries with diplomatic ties …

Greater role expected for China in Africa
2 years, 5 months ago

Greater role expected for China in Africa

China Daily  

LI MIN/CHINA DAILY China is expected to contribute more to peace and development in Africa and the world, especially with the enhancement of mutually beneficial cooperation under such frameworks as the Belt and Road Initiative, said African analysts anticipating the 20th National Congress of the Communist Party of China. Also, the Global Development Initiative, which China proposed in the wake …

Xiconomics: How China's push for economic stability bolsters global recovery
2 years, 8 months ago

Xiconomics: How China's push for economic stability bolsters global recovery

China Daily  

On the shop floor of Shaoxing's Buting textile company in East China's Zhejiang province, processing and manufacturing machines are humming around the clock. POLICY GUIDANCE FOR STABLE GROWTH China's National Bureau of Statistics showed Friday that the country's GDP has secured positive growth in the second quarter and expanded 2.5 percent in the first half of the year. Thanks to …

Africa needs growth-focused, pacifist approach
2 years, 9 months ago

Africa needs growth-focused, pacifist approach

China Daily  

China's engagement in Africa is purely economic. The United Nations Conference on Trade and Development, among other factors, attributed Africa's improved economic performance with China's effort to facilitate further African imports. To push African exports, Beijing has also adopted a zero-tariff policy for 97 percent of goods from Africa's least-developed countries. The study found not only were "workforce localization rates" …

China promoting cooperation and development through BRICS
2 years, 9 months ago

China promoting cooperation and development through BRICS

China Daily  

MA XUEJING/CHINA DAILY On June 22, the BRICS Business Forum was held. Speaking via video link from Beijing at the opening ceremony of the forum, Chinese President Xi Jinping called for international solidarity and coordination to maintain world peace and stability and promote global sustainable development. It is clear from Xi's speech that global cooperation, global solidarity, global security and …

Building peace and prosperity with strong BRICS
2 years, 10 months ago

Building peace and prosperity with strong BRICS

The Hindu  

As an old Chinese saying goes, nothing can separate people with common goals and ideals; not even mountains and seas. It is of great significance for the BRICS Foreign Ministers’ meeting to reach consensus and outcomes on multiple important issues concerning global security and development, which made political preparations for the 14th BRICS summit. BRICS countries need to strengthen political …

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