China's International Development Cooperation in the New Era Released, Contributing China’s Strength to Resolving Global Development Issues

Source:Organizing_Committee    |      Date:2021-01-11

  The State Council Information Office released the white paper China's International Development Cooperation in the New Era on January 10.

  The white paper contains about 26,000 words and consists of eight parts in addition to the preface and conclusion, namely:

  I. International Development Cooperation in the New Era and a Global Community of Shared Future

  II. Achieving New Progress in International Development Cooperation

  III. Boosting International Cooperation on the Belt and Road

  IV. Contributing to the UN 2030 Agenda for Sustainable Development

  V. Responding to Global Humanitarian Challenges Together

  VI. Supporting the Endogenous Growth of Developing Countries

  VII. Strengthening International Exchanges and Tripartite Cooperation

  VIII. Future Prospects for China’s International Development Cooperation

  Guided by the vision of a global community of shared future, China’s international development cooperation in the new era has a more profound philosophical basis and clearer goals, which lead to more concrete actions, the white paper says. China has steadily increased the scale and further expanded the scope of its foreign aid, which was mainly allocated to help the least developed countries in Asia and Africa and the developing countries of the “Belt and Road”.

  The white paper indicates that, since the Belt and Road Initiative was proposed, China had carried out development cooperation and contributed to policy, infrastructure, trade, financial and people-to-people connectivity based on the needs of individual countries, creating space and opportunities to promote high-quality Belt and Road cooperation.

  

  (Photo Credit: Xinhua News Agency)

  Pursuing common, comprehensive, cooperative and sustainable security, China always renders assistance to the best of its ability to countries in need, and contributes its strength to tackling major global challenges and improving the global governance system, the white paper says. Guided by the conviction that “it is more helpful to teach people how to fish than to just give them fish”, China aims to help developing countries to enhance their capacity for independent development. It has increased targeted assistance for this purpose through human resources development and technical cooperation, in new forms and with new measures, to share its experience and approach with other developing countries.

  The white paper says, the COVID-19 pandemic poses a huge threat to the lives, safety, health, and wellbeing of people throughout the world, creating significant challenges for global public health security. Implementing the UN 2030 Agenda for Sustainable Development remains a long and uphill journey. In the future, China will continue to uphold the vision of a global community of shared future, and follow the principle of pursuing the greater good and shared interests. It will do everything within its means to promote cooperation and inject Chinese strength into global development.

  The China International Fair for Trade in Services (CIFTIS), co-hosted by the Ministry of Commerce and the People's Government of Beijing Municipality, is a comprehensive, state-level fair for trade in services with a global reach. The CIFTIS, China Import and Export Fair and China International Import Expo are the three major exhibition platforms for China's opening-up.

  

  From September 4 to 9, the 2020 CIFTIS was held in Beijing, with the theme of “Global Services, Shared Prosperity”. The 2020 CIFTIS is the first major international trade and economic activity held in China, as well as the first major international fair since the outbreak of the COVID-19. 22,000 enterprises and institutions from 148 countries and regions were attracted to participate in the CIFTIS through online and offline channels, and a total of 190 forums and business talks were organized during the fair. The new exhibition mode of “1+8+N” had been established for this CIFTIS. At this CIFTIS, the display and exhibition covered all 12 major areas of trade in services, including digital trade, 5G communications, industrial Internet, smart office, blockchain innovation, and cross-border e-commerce, with the new ideas fully exchanged, new services demonstrated, and new achievements released. The joint efforts of all parties culminated the event in full success proved by 283 agreements signed, 104 achievements in authoritative information release, 25 achievements in alliance platform, 104 initially released innovative projects, and the significant improvement of the international influence of the event.

  

  At the Global Trade in Services Summit of the 2020 CIFTIS, President Xi Jinping said that, at present, with COVID-19 yet to be brought under full control at the global level, all countries faced the formidable task to defeat the virus, stabilize the economy, and protect livelihoods. It was against such a backdrop that China had decided to hold this important international trade event despite many difficulties in preparation. It showed China's willingness to join hands with everyone in this trying time and work together to enable global trade in services to thrive and the world economy to recover at an early date. Xi Jinping shared the following three thoughts and suggestions in his remarks: We should work together to foster an open and inclusive environment for cooperation; unleash the power of innovation in driving cooperation forward; and promote mutually beneficial cooperation.

  

  At the "Summit Forum on Trade Facilitation in Services: Perspective of the Multinationals" held during the 2020 CIFTIS, Zhang Junkuo, Deputy Director of the Development Research Center of the State Council, said that China would focus on the reform in four areas, such as improving the regulation of the negative list, and enhancing the national treatment system before and after the entry of foreign investment, so as to further open-up its services sector and facilitate trade in services. To achieve high-quality growth and create the new development paradigm with dual circulations, China's economy should be more open, said Zhang Junkuo. Greater openness meant more opportunities for global multinationals. China was ready to work with multinationals to deepen mutually beneficial and win-win cooperation, welcomed them abroad the express train of China’s development to achieve better development and jointly uphold the multilateral trading system, so as to push economic globalization in the right direction.

  

  (Photo Credit: Development Research Center of the State Council)