Insight into the laws of history, grasp the trend of the times, and focus on the global future.
Since the 18th National Congress of the Communist Party of China, General Secretary Xi Jinping has elaborated on China’s propositions and Chinese plans on economic globalization on various occasions such as Davos, and has effectively gathered consensus in the international community. Has had a major and far-reaching impact.
Mr. Notes combed through a series of important expositions on economic globalization by General Secretary Xi Jinping.
Today, I will study with you the general secretary’s relevant expositions on adapting to and guiding economic globalization.
Promote the world economy on a path of strong, sustainable, balanced and inclusive growth
Facing the current complex situation and risk challenges of the world economy, the international community has high expectations for the G20 and the Hangzhou Summit.
At the Antalya Summit of the G20 leaders last year, I proposed to keep track of the world economy and make a good plan.
China hopes to work with all parties to promote the Hangzhou Summit to formulate a prescription that treats both the symptoms and the root causes and comprehensive measures to promote the world economy on a path of strong, sustainable, balanced and inclusive growth.
build an innovative world economy and open up sources of growth.
Innovation is the key to fundamentally unlocking the lock of growth. A new round of technological and industrial revolution with the Internet as the core is poised to take place.
New technologies such as artificial intelligence and virtual reality are changing with each passing day. The combination of virtual economy and real economy will bring revolutionary changes to people’s production methods and lifestyles.
This kind of change will not happen overnight, nor will it be smooth sailing. It requires the joint efforts of all countries to fully amplify and accelerate its positive effects while minimizing the possible negative effects.
China has set innovative growth mode as a key topic of the Hangzhou Summit and promoted the formulation of the “G20 Blueprint for Innovation and Growth”. The purpose is to drive innovation, vitality to reform, grasp innovation, new technological revolution and industrial transformation, and digital economy.
This is a historic opportunity to enhance the medium and long-term growth potential of the world economy.
This is the first time that the G20 has taken action on innovation. We must bring together the forces of various countries to implement innovation policies to achieve consensus in concepts, plans in actions, and guarantees in mechanisms.
In response to the outstanding problem of the global economic slowdown, we must innovate in macroeconomic policies and effectively combine fiscal and monetary policies with structural reform policies.
build an open world economy and expand development space.
The history of world economic development proves that opening up brings progress, and closure leads to backwardness. Returning to the old path of beggar-thy-neighbors will not only fail to get rid of its own crisis and recession, but will also narrow the common space of the world economy, leading to a “lose-to-lose” situation.
“Easy roads, trade and agriculture.” This is what it means to build an open world economy. China puts trade and investment on the important agenda of the G20.
We promote the G20 to strengthen the construction of trade and investment mechanisms, formulate global trade growth strategies and global investment guidelines, consolidate the multilateral trading system, and reiterate our commitment to oppose protectionism.
We hope that through these measures, we will create a larger market and space for the development of all countries and revitalize the two engines of trade and investment.
build a linked world economy and gather interactive forces.
In the era of economic globalization, the development of all countries is closely linked, and all countries are prosperous, and all are lost.
No country can take care of itself, coordination and cooperation is an inevitable choice.
We need to achieve linked development in the resonance of the world economy.
We should strengthen the linkage of policies and rules. On the one hand, we should amplify positive spillover effects and reduce negative external effects through macroeconomic policy coordination.
On the other hand, we should advocate exchanges and mutual learning to resolve the asymmetry of systems, policies, and standards. We should consolidate infrastructure linkages.
China initiated the Global Infrastructure Connectivity Alliance initiative, promoted multilateral development banks to issue a joint vision statement, and increased funding and intellectual support for infrastructure projects to accelerate the global infrastructure connectivity process.
We should enhance the linkage of mutual benefit, promote the construction and optimization of global value chains, expand the participation of all parties, and create a win-win chain of global growth.
build an inclusive world economy and lay a solid foundation for a win-win situation.
Eradicating poverty and hunger, and promoting inclusive and sustainable development are not only the moral responsibility of the international community, but also an inestimable effective demand.
According to relevant statistics, the world’s Gini coefficient has now reached about 0.7, which exceeds the recognized “dangerous line” of 0.6, which must arouse our attention.
At the same time, the global industrial restructuring has brought shocks to different industries and groups. We must face up to and properly handle this issue, and strive to make economic globalization more inclusive.
In order to achieve the above goals, the G20 put development at the core of the global macro policy framework for the first time this year, formulated an action plan for the implementation of the 2030 Agenda for Sustainable Development, and cooperated for the first time to support the industrialization of African countries and the least developed countries.
It is groundbreaking. All parties have unanimously pledged to promote the entry into force of the Paris Agreement on climate change as soon as possible.
We have also formulated joint action plans on energy access, energy efficiency, renewable energy, and entrepreneurship to strengthen food security and agricultural cooperation.
We care about the needs of different classes and groups, especially the needy people, and encourage countries to discuss public management and redistribution policy adjustments.
We hope to send such a signal to the international community that the G20 not only belongs to 20 members, but also to the world.
Our goal is to let growth and development benefit all countries and people, so that people in all countries, especially people in developing countries, will get better day by day!
History shows that there is no way out for protectionism
Economic globalization has entered a period of phased adjustment, and there are doubters and prowlers. It should be noted that economic globalization meets the requirements of productivity development and the interests of all parties. It is the general trend. We cannot stop because of temporary difficulties.
We must focus on integrating with our respective development practices in participating in the process of economic globalization, focusing on solving fairness and justice issues, and leading the development of economic globalization in a more inclusive and inclusive direction. We must use actions to declare to the world that the Asia-Pacific will remain determined and confident in economic globalization.
History shows that there is no way out for protectionism. Eight years ago, at the critical juncture of responding to the international financial crisis, the leaders of APEC made a unanimous voice against protectionism in Lima.
Two years ago, we made a solemn declaration in Beijing not to take new protectionist measures. At the critical moment of the development of the Asia-Pacific, we must work together to promote win-win results, oppose all forms of protectionism, and inject positive energy into economic globalization.
Economic globalization is a double-edged sword
Of course, we must also admit that economic globalization is a double-edged sword. When the world economy is in a downturn, the global economic pie will not be easy to grow, or even become smaller. The contradictions between growth and distribution, capital and labor, efficiency and equity will become more prominent, and both developed and developing countries will feel the pressure.
And shock. The voice of anti-globalization reflects the insufficiency of the process of economic globalization, and deserves our attention and reflection.
“Cantaloupe hugs bitter stalks, beautiful dates give birth to thorns.” From a philosophical point of view, there is no perfect thing in the world. It is incomplete to see things as perfect because they have advantages, and to see things because they have shortcomings.
Nothing good is also incomplete. Economic globalization has indeed brought new problems, but we must not just kill economic globalization with a single stick. Instead, we must adapt and guide economic globalization, eliminate the negative effects of economic globalization, and let it better benefit every country. , Every nation.
Take the initiative, manage appropriately, follow the general trend, combine with the national conditions, emphasize efficiency, and pay attention to fairness
At the end of last year, I proposed at the APEC Leaders’ Informal Meeting to make the process of economic globalization more dynamic, more inclusive, and more sustainable.
We must take the initiative and manage appropriately to release more of the positive effects of economic globalization and rebalance the process of economic globalization; we must conform to the general trend, in accordance with national conditions, and correctly choose the path and rhythm of integration into economic globalization; we must emphasize Efficiency and fairness, so that different countries, different classes, and different groups of people can share the benefits of economic globalization.
This is the responsibility of the leaders of our time, and it is the expectations of the people of all countries.
If the global economic governance system is to be fair and effective, it must keep up with the times
Strengthening global governance based on rules is a necessary prerequisite for achieving stable development. The rules should be jointly formulated by the international community, not whoever has the big arms and strength, let alone practice pragmatism and double standards.
If the global economic governance system is to be fair and effective, it must keep up with the times. We should uphold the concept of extensive consultation, joint contribution and shared benefits to promote the reform of the global economic governance system.
The process of change should embody the spirit of equality, openness, transparency, and tolerance, and increase the representation and voice of developing countries. Disagreements should be resolved through consultations. Small circles should not be formed or imposed on others.
History tells us that if we embark on a path of confrontation, no matter whether it is a cold war, a hot war or a trade war, there will be no real winners. As long as countries treat each other as equals, mutual understanding and accommodation, there will be no problems that cannot be resolved through consultation.
APEC is bound by water. When I boarded the ship just now, looking at the vast sea, I thought of the word “together in the same boat”. Let us hold the rudder, control the course, paddle together, ride the wind and waves, and jointly drive the world economy ship to a better shore!
Insist on “handle” instead of “let go”, insist on “demolition wall” instead of “building wall”
We must adopt a more open mind and measures to jointly enlarge the pie of the global market, implement global sharing mechanisms, and make global cooperation alive, so that the greater the driving force of economic globalization, the better and the greater the resistance.
Smaller is better.
We should persist in seeking development through openness, deepen exchanges and cooperation, insist on “handling” instead of “releasing hands”, insist on “removing walls” instead of “building walls”, resolutely oppose protectionism and unilateralism, continuously reduce trade barriers, and promote globalization.
The value chain and supply chain will be improved, and market demand will be cultivated together.
A choice worthy of the people and history
Facing the general trend of economic globalization, burying your head in the sand like an ostrich and pretending to turn a blind eye, or waving a spear like Don Quixote to resist, all violate the laws of history.
The historical baton has been passed to our generation, and we must make a choice worthy of the people and worthy of history.
To stand on the right side of history
At present, the world economy is facing many complex challenges. We must not be hindered by headwinds and turning back waves.
We must stand on the right side of history, unswervingly expand opening up in an all-round way, promote the construction of an open world economy, and promote the building of a community with a shared future for mankind.
