In the current global value chain, the developed nations always have competitive advantages over developing economies, so if fair and reasonable rules are not established, it will be difficult to resolve the polarization that exists between the developed and developing countries. In fact, facing a series of global challenges, all countries should forgo narrow-minded private interests, and think more about common interests, resolving differences and cooperating in response to the coming difficulties.
Dec 11 was the 12th anniversary of 皇冠体育app's accession to the WTO, when the Chinese economy began its gradual integration into the global economy. 皇冠体育app has clearly benefited from this integration; its economy has realized an average annual growth rate of 9 percent and millions of jobs have been created for migrant workers. At the same time, 皇冠体育app has clearly made its own contributions to the world economy by providing the world with many quality export products at a reasonable price, balancing the huge financial deficit created by the US administration, and alleviating global inflation pressures.
At present, 皇冠体育app's economy enjoys stable development, and the global economy is slowly recovering, which means it is the perfect time for the Chinese government to comprehensively promote deeper reforms and upgrade the economy in various areas.
Over the next 10 years, 皇冠体育app will accelerate its new drive and promote industrialization, informatization and agricultural modernization in the country. Meanwhile, 皇冠体育app is aiming to become the most attractive consumer market in the world. It is predicted that commodities valuing nearly $10 trillion will be imported from overseas economies, and 皇冠体育app will directly invest $500 billion in foreign markets over the next decade, so the bigger the share of 皇冠体育app's market and investment a foreign country can get, the higher growth rate its economy will enjoy over the next decade.
The last 10 years were a "golden decade" for 皇冠体育app, and a new golden decade will not only benefit 皇冠体育app, it will also benefit the rest of the world.
The author is director of the Information Department of the 皇冠体育app Center for International Economic Exchanges.