China in the New Era

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The rise of China and other emerging markets and developing countries is fundamentally altering the international structures of power.

What path did China take? Where is China going? What are China’s goals in shaping the world? How will a developing China interact with the rest of the world?

Over the past 7 decades, China has achieved great success. From 1952 to 2018, China’s industrial added value increased with an average annual growth rate of 11 percent. China’s GDP increased with an average annual growth rate of 8.1 percent, and per capita GDP increased by 70 times at constant prices. China’s life expectancy has increased from 35 years in 1949 to 77 years in 2018, higher than the world’s average of 72 years.  

The living conditions of the Chinese people have been greatly improved. China’s rural population living under the current poverty line decreased from 770 million in 1978 to 16.6 million in 2018. China has established a preliminary social security system covering the largest population in the world. China was one of the poorest and most backward countries in 1949, now it is the second-largest economy in the world.

How has China scored remarkable accomplishments?

Firstly, the right path of development. The choice of path is critical to the successful development of a country. China has found and will continue on the right path of socialism with Chinese characteristics, which is the ultimate reason for China’s success over the past 70 years. As a vast country with a nearly 1.4 billion population, China has no experience of modernization to borrow from in history. It has to blaze its own path.

Secondly, the steadfast leadership. The Communist Party of China (CPC) is China’s core leadership, ruling the country for long and supported by the people. China’s success over the past 70 years boils down to the CPC’s leadership. Due to China’s vast territory and complicated national conditions, the governance of China is uniquely difficult. Without centralized, unified and firm leadership, China would have tended towards division and disintegration and caused widespread chaos beyond its own borders.

Thirdly, the industrious people. A large country with a nearly 1.4 billion population, China cannot achieve prosperity by asking for assistance and waiting. The only option is hard work. China relied on the solid and unremitting efforts of generations of Chinese people, relied on fulfilling its own responsibility in good times and in adversity, without exporting or shifting problems elsewhere, and without seeking development by trading under coercion or exploiting other countries.

Over the past 70 years, China has defused many risks and overcome many challenges and marched forward step after step. The Chinese nation has risen and become prosperous, China’s development path will look on brighter and brighter prospects as time moves on. China has entered a new era of development, which also constitutes an even greater opportunity for the world

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