Thursday, November 12, 2015

Commentary: China's laudable pursuit of common development

News | 12.11.2015 | 10:03
Xinhua - In recent years, China has been playing an increasingly larger role in promoting common development of the whole world, and the country's noble intentions for a better world have once again become apparent, manifested by the key concepts of a socio-economic development plan for the next five years.
China's policymakers are compiling the 13th Five-Year Plan (2016-2020) for the world's largest developing country, and the proposal on the plan was adopted at the Fifth Session of the 18th Communist Party of China (CPC) Central Committee, which ended in Beijing on Oct. 29.
Aside from stressing innovation, coordinated and inclusive development, which are mainly aimed at resolving domestic development issues, the proposal also highlights green growth and further opening up, reflecting China's genuine desire for a cleaner and more prosperous future not only for itself but for the whole world.
In terms of contribution to green growth, China-made solar panels and wind power equipment are now generating clean electricity in many parts of the world, with industry observers believing that China's presence in the sector will expand further in the next five years.
China, the world most populated nation, has become a front runner in the global fight against climate change. It has made multiple climate pledges, including a decision to launch a national carbon cap-and-trade system in 2017 to help contain emissions, establishing a 20-billion-yuan (3.1-billion-U.S.-dollar) fund to help other developing countries combat climate change, and cutting carbon dioxide emissions per unit of gross domestic product (GDP) by 60 percent to 65 percent from the 2005 level by 2030.
By making green growth a development priority for the next five years, China is set to create more "green" dividends for the whole world.
Meanwhile, the country has been a predominant powerhouse for the global economy for years, and its decision to enhance opening up will be good news for many countries.
On the one hand, China will encourage and support more domestic enterprises to invest on overseas projects and that would allow many cash-strapped countries to use Chinese money to improve their infrastructure networks, or help restore their flagging national economy.
On the other, foreign companies will be allowed bigger market access in China, especially in the service sector. As the Chinese economy is shifting toward a consumption-driven one, foreign players are also poised to gain from this epic transformation.
China understands well that in a globalized world, no country could realize sustained development only by burying its head in its own affairs. It believes that enduring vitality for its national development lies in the common development of all countries and it has been a very diligent player pushing for common development.
As Chinese President Xi Jinping has put it, by injecting fresh vitality into and bringing more opportunities for common development with other countries, China's development will undoubtedly grow with the trend of world development.
Tags: China

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