BEIJING: “While Chinese modernization is conceived in China, the opportunities it brings belong to the world,” Chinese State Councilor and Foreign Minister Qin Gang said in the opening ceremony of the Lanting Forum on Chinese Modernization and the World on Friday.
He emphasized that Chinese modernization will not only provide more opportunities to the world, but also inject new momentum into the recovery of the global economy and give other developing countries the confidence to pursue their own modernization.
Additionally, Qin noted that Chinese modernization will advance the sustainable development of the world and safeguard world peace as China is dedicated to a peaceful path of development and rejects geopolitical confrontation.
The Lanting Forum, established by China’s Ministry of Foreign Affairs in 2010, is a platform for the government departments, business groups, academia and media outlets to discuss China’s foreign policy, international affairs and other important matters of mutual interest.Qin said that Chinese modernization entails the common prosperity of over 1.4 billion Chinese people. Given China’s large population, Chinese modernization will also give greater impetus to global economic recovery, he said. Qin listed figures that illustrated China’s modernization, saying it has lifted over 800 million people out of poverty, enlarged the middle-income group to over 400 million people, and attracted over 140 countries and regions to become China’s trading partners. Additionally, Qin pointed out that every day Chinese direct investment worth 320 million U.S. dollars flows to the rest of the world, and more than 3,000 foreign businesses are set up in China every month.
“Over the past decade, China has contributed more to global growth than all the G7 countries combined,” Qin said, adding the modernization of a country with over 1.4 billion people, which is bigger than the combined population of the developed countries, will surely provide more opportunities to the world economy. The modernization of China with common prosperity for all will open up a broader path to the common development of all countries, Qin noted. He brought up the Belt and Road Initiative (BRI) and the Global Development Initiative (GDI) in his speech, saying the two initiatives provide platforms for common development and prosperity for all countries.
–The Daily Mail-China Daily news exchange item
