中国人民大学重阳金融研究院高级研究员刘志勤3月14日在《环球时报》英文版发文称:中国在过去三十年自身经济的持续增长以及在全球金融危机中的稳定表现,说明中国已经成为世界经济的引擎,令人鼓舞的发展前景给全球经济带来了希望,也鼓励了其他国家走出危机的信心。同时,中国也需要接受来自国内和国际的压力与挑战,更好的为实现“民族复兴”而努力。
中国人民大学重阳金融研究院高级研究员刘志勤3月14日在《环球时报》英文版发文称:中国在过去三十年自身经济的持续增长以及在全球金融危机中的稳定表现,说明中国已经成为世界经济的引擎,令人鼓舞的发展前景给全球经济带来了希望,也鼓励了其他国家走出危机的信心。同时,中国也需要接受来自国内和国际的压力与挑战,更好的为实现“民族复兴”而努力。
China’s encouraging prospects can bring hope to global economy
Global Times | 2013-3-14
By Liu Zhiqin
For the past several decades, China has been classified as an emerging market. In 2012, China achieved 7.8 percent growth despite the global economic chaos, a beacon of hope amid dark times.
In this sense, we should say that China is now an "encouraging country" with an "encouraging market," and that the traditional de1111ion of it being an emerging market no longer expresses the role and importance of the country.
China has always adopted encouraging policies to promote its national economy growth. During the past three decades, China did its best to help other countries to escape from various crises, such as by maintaining the value of the yuan during the 1997 Asian financial crisis. This helped other Asian countries find their way out of the crisis.
Equally, during the subprime crisis of 2008, when the world was standing on the brink of the abyss, few could see a way out. But China adopted a responsible policy of domestic stimulus, which boosted the global economy and helped other powers find their way through the crisis.
China has become the driving engine of the world economy and the hope of a hopeless world. When there seemed to be little hope amid the churning waters of the global crisis, China provided good chances for the main markets of the world.
China`s domestic market has encouraging prospects. Half of the country is still underdeveloped. Infrastructure, urbanization, social welfare, education, and healthcare are still waiting for large amounts of investment from the national level or from overseas.
Statistics show that China is better positioned than any other country to receive foreign direct investment in 2012, another strong sign that China`s prospects are encouraging, and that it can encourage others.
We can be encouraged by China`s people, culture, decision-making system, and structural advantages, even as we acknowledge that the country has serious internal problems. I believe that China will continue to encourage the whole world to battle the new challenges ahead.
Perhaps we can broaden this category more generally. To identify China and other nations as "encouraging countries," we can use the following criteria. They should be countries that are underdeveloped, but that have a sound economic structure and a strong advisory system which can help avoid mistakes in decision-making.
They should also have stable political and social systems that can bring the time for stable development. And they should lack religious or ethnic conflicts that could cause civil strife or even war.
At this stage, we can divide the global economic powers into "once-encouraging countries" and "encouraging countries."
The traditional developed countries are "once-encouraging countries" which have passed their best time, and which while they might have stimulated the global economy for the past five decades are now out of date. They need new engines to develop their own economic factors, otherwise their recovery will be postponed for the time being.
China is a leading country which is dynamic, vital and stable. China will definitely make its best efforts for a better and prosperous world. The world is now in need of encouragement, and China is exactly the engine that can encourage the rest of the world.
China`s dream is to have realized "national rejuvenation" by 2020. This goal will encourage China to take necessary measures to realize its historical target, and the whole world will benefit from this great mission.
The author is a senior fellow of Renmin University Chongyang Financial Institute, and former chief representative of the Swiss Zurich Cantonal Bank in Beijing.