Foundation of Globalization Grows Stronger
In his keynote speech at the opening of the third China International Import Expo on November 4, 2020, Chinese President Xi Jinping reiterated China’s sincere desire to share its market opportunities with the rest of the world and contribute to global economic recovery. In October, the fifth Plenary Session of the 19th Central Committee of the Communist Party of China adopted the proposals for formulating the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035, which draw a blueprint for implementing higher standard opening-up and exploring international cooperation of win-win results. This shows that China is a staunch exponent and guardian of globalization. Its policies and efforts to advance globalization have remained unchanged and will continue that way in the future.
Since the outbreak of COVID-19, discussions on globalization have intensified among the international community, and a consensus is growing with each passing day. The elements that underpin globalization, such as the market economy, free trade, transnational production, flow of capital, interconnectivity, advancement in science and technology, and cultural confluence, remain important. In addition, amid the pandemic, the digital economy boomed across the globe. Cloud computing was widely used across borders. International telecom infrastructure, including that of 5G, was being built at a faster pace. And the application of new technologies, such as artificial intelligence, quantum information, blockchain, and big data, reached new levels.
In the course of fighting a deadly virus, people all over the world have gained a deeper understanding of the idea of a community with a shared future for humankind. It has shown that the foundation of globalization is growing stronger, not weaker.
This story is from the January 2021 edition of China Today (English).
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This story is from the January 2021 edition of China Today (English).
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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