Extra credit blog: China and globalization _ MENGRU LI

  "Is globalization good for China? And is China good for globalization?"

Globalization is good for China. As an important participant in globalization, China is one of its main beneficiaries. Since the reform and opening up, China's economy has grown at an average annual rate of 9.5%, and its global economic share has increased from 1.8% in 1978 to 17% in 2020. In just a few decades, China has rapidly risen to become the world's largest trader of goods, the largest industrial country, and the world's second-largest economy. In 2020, China surpassed the United States and became the world's largest inflow of foreign investment. It was also the only major economy to achieve positive economic growth that year.

Likewise, China has also had a positive impact on globalization. The white paper "Development and Progress of China's Human Rights Cause in the 40 Years of Reform and Opening Up" reveals that in terms of the scale of poverty reduction, China is the country with the largest number of people reduced from poverty in the world. Over the past 40 years of reform and opening up, China has successfully reduced more than 850 million people living in poverty, contributing more than 70% to global poverty reduction. Although the 2020 COVID-19 epidemic has brought huge challenges to achieving this goal, China has still completed its poverty alleviation goals in the new era as planned. According to current standards, all rural poor people have been lifted out of poverty, all poor counties have been lifted from the poverty cap, and nearly 100 million poor people have been successfully lifted out of poverty. China's achievements in poverty reduction not only provide important support for the world to realize the United Nations' 2030 Agenda for Sustainable Development but also provide useful reference for global poverty alleviation and are important for global poverty governance. significance. In November 2020, China released "Eradicating Absolute Poverty: China's Practice" to comprehensively share its experience in poverty reduction in various fields with the international community.

In addition, in terms of international order, as early as the Bandung Conference in 1955, China proposed the Five Principles of Peaceful Coexistence and successfully adopted the Final Communique of the Asian-African Conference by calling for "seeking common ground while reserving differences." Since then, the five principles of mutual respect for sovereignty and territorial integrity, mutual non-aggression, non-interference in each other's internal affairs, equality and mutual benefit, and peaceful coexistence have become the guiding principles of China's foreign policy. At the same time, this principle has been recognized by more and more countries and has become a basic principle for solving relations between countries, making a historic contribution to promoting the establishment of a fair and reasonable new type of international relations. In the process of its own development, China has not only never taken the initiative to enter into head-on conflict with other countries, but has also been committed to maintaining world peace and development. China has become the second largest contributor to United Nations dues, actively responded to the call for United Nations peacekeeping operations, and was hailed by the United Nations as "a key factor and key force in peacekeeping operations."