Benefiting from China’s prosperity


“THE people are hard pressed, they need some modest comfort. Do well by the Central Plains, and your rule will spread beyond.”

These lines from a poem in China’s The Book of Songs, which dates back 2,000 years ago, describe the ancient working people’s yearning for a stable and prosperous life.

Xiaokang, which means moderate prosperity, is synonymous with living and working in peace and contentment, and conveys the simple aspiration of the Chinese people to pursue a better life.

The millennium dream of Xiaokang society is now a reality. On July 1, 2021, President Xi Jinping declared that China had realised the First Centenary Goal of building a moderately prosperous society in all respects.

What does this mean to the world? Undoubtedly, it has made China more prosperous, its people happier, and society more stable.

This is how the world’s most populous and largest developing country is contributing to global peace and development.

It succeeds in feeding almost 20% of the world’s population with only 9% of the planet’s arable land. Its GDP soared from RMB67.9bil in 1952 to RMB101.6 trillion in 2020. As the world’s second largest economy, it accounts for over 17% of global GDP.

China has been the largest contributor to world economic growth since 2006, making an average annual contribution of more than 30%.

After the outbreak of Covid-19, China was the first country to contain the virus and achieve economic expansion, enabling it to emerge as an important engine driving global trade and economic recovery.

Poverty elimination is an enormous challenge in global governance and development. Since China launched its reform and opening-up policy, its rural population has been lifted out of poverty.

Poverty reduction in the country contributes to 70% of the global total, and China has achieved the target set by the UN 2030 Agenda for Sustainable Development 10 years ahead of schedule.

Climate change is a challenge for mankind. One-fourth of the world’s new vegetation areas over the past two decades have been added by China, by far the largest share of any individual country. It is the country with the largest expanse of new forest resources now.

China also tops the world in terms of new energy use and progress in energy conservation. Between 2015 and 2020, its energy consumption per unit of GDP fell by 13.2% and carbon emissions dropped by 18.8%.

On Nov 1, President Xi put forward three proposals on addressing climate change – upholding multilateral consensus, focusing on concrete actions and accelerating the green transition – at the COP26 World Leaders Summit.

In the face of deglobalisation, China will remain committed to providing other countries with more opportunities in markets, investment and growth.

China has signed and ratified the Regional Comprehensive Economic Partnership (RCEP) and applied to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), injecting strong impetus into regional free trade and the recovery of the world economy.

Our development needs and Malaysia’s are highly compatible. We are willing to strengthen cooperation with Malaysia, work together to advance post-pandemic economic development, and contribute to building a community with a shared future for mankind and a better world.

OUYANG YUJING

Ambassador of China to Malaysia

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