Connect with us

Foreign

China the most trustworthy partner

Published

on

By He Yin, People’s Daily

China's economy took center stage at the World Economic Forum (WEF) Annual Meeting 2024,
which was themed "Rebuilding Trust". Participants actively praised the enhanced resilience of
China's economy and businesses over the past two years. They acknowledged that China's efforts
would create more opportunities for global economic growth and employment.
China's pursuit of high-level opening-up was seen as having a positive impact on promoting
international economic and trade development. The attendees widely recognized that China's
solution was indispensable in addressing the global trust deficit.
Currently, the global economic recovery is fragile and sluggish and lacks momentum, the
development gap is widening. The impact of geopolitical conflicts on global development is
becoming increasingly evident.
More than 2,800 representatives from over 120 countries and regions gathered at the WEF Annual
Meeting 2024 in Davos, Switzerland with a common goal of promoting global economic
governance and helping the world economy overcome difficulties and sail towards a brighter
future.
China has always been sharing the same goal with the WEF. Chinese President Xi Jinping's
important remarks on promoting economic globalization and upholding true multilateralism, as
articulated at WEF platforms, hold profound practical significance in addressing global
challenges.
While striving for high-quality development of its own economy, China has always been sincerely
committed to fostering an open world economy and has made tremendous efforts to improve
global economic governance. The facts have proven that China is the most trustworthy partner.
China's economy is steadily advancing, providing sustained strong impetus for global economic
development. Over the years, China's contribution to world economic growth has stayed at around
30 percent. In 2023, China's economy showed positive overall growth, with a year-on-year
increase of 5.2 percent in GDP. It has been repeatedly emphasized by international media outlets
that China's economic growth rate was among the top in the world's major economies.
According to the World Bank's latest Global Economic Prospects report, driven by China's
economic recovery, the economic growth in East Asia and the Pacific region is projected to
increase from 3.4 percent in 2022 to 5.1 percent in 2023.
China has established sound and solid fundamentals in terms of the industrial base, production
factors and innovation capacity. The conditions supporting high-quality development continue to
gather and increase. The overall trend of long-term growth will not change.
Saadia Zahidi, managing director of the WEF, noted that China's healthy economic development
brings very positive spillover effects to other parts in the world.
China remains firmly committed to opening up, and continues to create favorable conditions for
the world to share in its opportunities. China is a major trading partner of over 140 countries and
regions, with the overall tariff level cut to 7.3 percent, relatively on par with the developed
members in the World Trade Organization.
Currently, global demand remains insufficient, and the market is the scarcest resource. The
Chinese market, with its vast space and growing depth, will play an important role in boosting

aggregate global demand.
China warmly welcomes foreign companies to continue investing in China and strives to create a
first-class business environment that is market-oriented, law-based, and internationalized. China
will steadily expand institutional opening up, continue to shorten the negative list for foreign
investment, follow through on removing all restrictions on access for foreign investment in the
manufacturing sector, and guarantee national treatment for foreign businesses.
According to the State Administration of Foreign Exchange, the return on FDI in the Chinese
mainland had been around 9.1 percent over the past five years, while in Europe and the United
States, it was around 3 percent. The facts have already proven and will continue to prove that
choosing the Chinese market is not a risk but an opportunity.
China advocates for a universally beneficial and inclusive economic globalization and continues to
contribute wisdom to improving global economic governance.
Economic globalization is an inherent requirement of developing productive forces, a natural
result of scientific and technological advancement, a sure path to human progress and more
importantly, an irreversible trend of the times.
In order to promote economic globalization for the greater benefit of people around the world,
China advocates for a universally beneficial and inclusive economic globalization. A universally
beneficial and inclusive economic globalization means meeting the common needs of all
countries, especially the developing countries, properly addressing the development imbalances
between and within countries resulting from the global allocation of resources.
It is important for the international community to resolutely oppose the attempt to roll back
globalization and abuse the concept of security, oppose all forms of unilateralism and
protectionism, firmly promote trade and investment liberalization and facilitation, overcome the
structural problems hindering the healthy development of the world economy, and make economic
globalization more open, inclusive, balanced and beneficial to all.
In response to the prominent challenges facing the global economy, China advocates for
strengthening coordination of macroeconomic policies, enhancing international division of labor
and cooperation, promoting international scientific and technological exchanges and cooperation,
fostering collaboration in green development, and strengthening North-South and South-South
cooperation. These proposals provide practical and feasible solutions for rebuilding trust in the
international community.
Only when all sides treat each other with sincerity and work in the same direction can there be a
stronger foundation of trust and more fruits of cooperation. While focusing on effectively
managing its own affairs, China will uphold solidarity, cooperation, openness, and sharing, and
work together with all parties to improve global economic governance, so as to promote the steady
and sustainable recovery of the world economy.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Foreign

Trump begins mass layoffs at Voice of America

Published

on

The Trump administration has initiated sweeping layoffs at Voice of America (VOA) and other U.S.-funded international broadcasters, effectively dismantling institutions long seen as critical for American influence abroad.

 

On Sunday, contractors working for VOA received an email notification that their employment would be terminated by the end of March. “You must cease all work immediately and are not permitted to access any agency buildings or systems,” the email read, according to multiple staff members who confirmed the development.

 

The move, which comes just a day after all employees were placed on administrative leave, disproportionately affects non-English-language services, where contractors make up a significant portion of the workforce. Many of these contractors are not U.S. citizens and may now face visa issues, further complicating their status in the country.

 

While most full-time staff remain employed for now, they have been told not to work, leaving VOA and its sister organizations in a state of uncertainty. Some services, unable to produce new programming, have resorted to playing music.

 

VOA, founded during World War II, has been a critical tool for U.S. public diplomacy, broadcasting in 49 languages to audiences in countries where press freedom is restricted. However, President Trump signed an executive order on Friday targeting its parent organization, the U.S. Agency for Global Media (USAGM), as part of broader federal budget cuts.

 

The cuts extend beyond VOA, affecting other U.S.-funded media entities such as Radio Free Europe/Radio Liberty, Radio Free Asia, Radio Farda (which broadcasts in Persian to Iran), and Alhurra, an Arabic-language network launched after the 2003 Iraq invasion. The administration argues that taxpayers should not fund what it calls “radical propaganda,” despite VOA’s longstanding editorial independence.

 

Liam Scott, a VOA journalist covering press freedom and disinformation, expressed concern over the decision. “I’ve covered press freedom for a long time, and I’ve never seen something like what’s happened in the U.S. over the past couple of months,” he wrote on social media.

 

The move has drawn international attention, particularly from China and Russia, which have been expanding their own state-funded media efforts. The Chinese state-run *Global Times* reacted with an editorial declaring that “the monopoly of information held by traditional Western media is being shattered.”

 

Trump’s administration has pursued aggressive cuts across federal agencies, including eliminating most foreign aid and significantly reducing the Department of Education. With input from tech billionaire Elon Musk, Trump has focused on reducing government size to facilitate tax cuts.

 

As the global media landscape shifts, the dismantling of U.S.-funded broadcasters leaves a vacuum that could be filled by rival state-controlled networks. Whether Congress or legal challenges will intervene remains to be seen, but for now, the future of America’s international broadcasting efforts hangs in the balance.

Continue Reading

Foreign

Judge blocks Trump from deporting non-citizens using wartime law

Published

on

A federal judge has temporarily halted the Trump administration’s attempt to deport migrants allegedly linked to the Venezuelan gang Tren de Aragua under a wartime law.

US District Judge James Boasberg issued a restraining order preventing the administration from using the Alien Enemies Act of 1798 to expel undocumented migrants accused of gang ties. The order initially protected five individuals challenging the deportation but was later expanded to all affected noncitizens in US custody.

Boasberg also directed that any planes carrying these migrants be returned to the United States. “Any plane containing these folks that is going to take off or is in the air needs to be returned,” he ruled. The restraining order will remain in effect for 14 days or until further court action.

The Trump administration invoked the Alien Enemies Act, citing Tren de Aragua as a terrorist organization that has “unlawfully infiltrated the United States” and is engaging in hostile actions. However, civil rights groups, including the ACLU, argue that the gang’s activities do not meet the legal definition of an invasion.

The Justice Department has appealed the ruling, while the case continues in court.

Continue Reading

Foreign

China’s new chapter in global innovation

Published

on

By Gu Yekai, Liu Yiqing, People’s Daily

At a smart construction project site managed by China State Construction Engineering Corporation, a quiet technological revolution is underway. Amid cranes and concrete, engineers are deploying advanced artificial intelligence (AI) systems that could fundamentally reshape the construction industry.

Li Fengjian, an AI specialistwith Xianyuan Technology, detailed how the company’s latest intelligent system – built on a large model – adapts to complex construction environments.”Engineering machinery equipped with intelligent agents can adjust its operations automatically in response to weather conditions,” Li explained, adding that a spatiotemporal sensing network further enhances the system, providing real-time tracking of both personnel and materials throughout the construction site.

In February this year, Xianyuan Technology rapidly integrated its self-developed model with DeepSeek-R1, effectively blending a general-purpose framework with industry-specific models. This integration, Li noted, has produced a solution capable of delivering expert-level performance in challenging, dynamic environments. The firm is based in the Shanghai Foundation Model Innovation Center, aburgeoning AI incubator that now hosts over 200 innovative enterprises.

China’s technological transformation extends well beyond the construction sector. Overthe past three decades, the country has evolved from its initial forays into internet connectivity to becoming a key player in global digital innovation.

Here, a steady stream of technological innovations are emerging, from the early days of emails and web browsing to the cutting-edge technologies represented by DeepSeek and the dynamic evolution of social media.

Wu Jianping, an academician at the Chinese Academy of Engineering and headof the Zhongguancun Laboratory, pointed out that while China had introduced only one internet standard before 2005, it now contributes to over 200 worldwide. Such strides illustrate the country’s concerted push toward high-level technological self-reliance – a journey marked by both persistence and determination.

Beyond the digital realm, China is makingsignificant inroads in aerospace, new energy, and other high-tech sectors. It has transitioned from being a follower to standing shoulder-to-shoulder with global leaders, and in some areas, even taking the lead. Wu attributed these achievements to a dynamic ecosystem of policy reforms and talent cultivation that encourages creativity and technical expertise at every level.

Amid intensifying international competition, collaborative research and the integration of new technologies with traditional industries are central to China’s high-quality economic development.

Mei Linhai, a researcher at China’s State Key Laboratory of Cognitive Intelligence, remarked that the age of AI calls for continuous exploration. “In this era, everyone is an innovator. Only by persistently pushing the boundaries can we remain at the forefront of both technological and industrial development,” Mei observed.

In the field of general-purpose AI, Mei emphasized that independent innovation is paramount. He advocates for a self-driven industrial ecosystem that leveragesbreakthrough technologies to boost productivity and unlock new possibilities, Mei said.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.