A Prosperous China will benefit the World
By Dr Mu Yongpeng
Published: April 20, 2015

China’s stable development is closely linked to assistance and support from the rest of the world and, at the same time, the world’s progress and prosperity cannot be separated from China’s contribution. Since the founding of the People’s Republic of China in 1949, and especially since reforms and an open policy was adopted over 30 years ago, great changes have taken place in China. The country’s social and economic development has improved greatly and the exchange rate between China and other countries and regions has reached a record high. China has integrated itself into the international community in a holistic way.
Meanwhile, China’s development not only benefits the rest of the world, but has also made important contributions to the world’s peace and development. Being the world’s second-largest economy, China has not only provided a great amount of commodities of good quality and at reasonable price to customers all over the world, but has also created great employment opportunity for other countries. Lots of overseas Chinese students stimulate the development of education in the relevant countries. Many estate-buyers from China have vigorously promoted the weak estate industry in Western countries.
According to figures issued by the IMF, since the eruption of the international financial crisis, China’s economic growth amount occupies one-fourth of that of the world’s total. The value of the importing commodity by China will hit the high of $10 trillion in the next five years. New foreign investment in the country will reach $500 billion. The numbers of visitors to other countries will be 400 million. While China achieves its quick development, it also brings a great opportunity for development to the rest of world.
Since the Industrial Revolution, the survival of the fittest seems to have become a rule of international practice. The world has not become tranquil because of economic globalisation, as the state of fierce competing interests, controlled by some main economies, still exists. It is reassuring to realise that in facing the recent international financial crisis, the West and the East, as well as developed and developing countries quickly responded, showing joint efforts and fully utilising the G-20, the IMF, and the World Bank, etc. as important mechanisms and platforms for the macro-controlling and stable development of the world economy.
As a responsible member of the international community, China is ready to join hands with the rest of the world to keep on upholding the spirit of mutual trust, inclusiveness and win-win cooperation, actively promoting the common will of the peaceful co-existence of mankind, establishing a new relationship of development with different partners on the basis of equality and mutual benefit, and laying a solid foundation for long- term stable development of the global economy in order to maintain world peace, stability, prosperity and development. This will enable people to have a better chance to share development achievements.
Experiencing unprecedented huge changes, the present world is being covered by a piece of an invisible giant net, under which China and the rest of the world are more closely linked with each other. The higher the level of coexistence, the more frequent is the connection between countries.
Confronting the complex situation of the world and the unfurling challenges of globalisation, it is suggested that relevant countries give up cut-throat competitiveness, stop playing a zero-sum game, respect other countries’ reasonable concerns while pursuing their own national interests, and seek common development together with other countries.

Published in The Express Tribune, April 20th, 2015.