The Chinese government published a White Paper on the Country’s development, stressing peaceful development as China’s choice to realize modernization, make itself strong and prosperous and make more contribution to the progress of human civilization.
The White Paper, released by the State Council Information Office SCIO on its official website, introduces the path, objective and foreign policy of the peaceful development and elaborates on what China’s peaceful development means to the rest of the World.“Situated in the East, China, a Country with an ancient civilization and a population of 1.3-B+, is making big strides in its advance toward modernization.
What path of development has China chosen? What will China’s development bring to the rest of the world?” it says at the start.China has declared to the rest of the World on many occasions that it takes a path of peaceful development and is committed to upholding world peace and promoting common development and prosperity for all countries, the White Paper says.
At the beginning of the 2nd decade of the 21st Century and on the occasion of the 90th anniversary of the founding of the Communist Party of China CPC, China declared solemnly again to the World that peaceful development is a strategic choice made by China to realize modernization, make itself strong and prosperous, and make more contribution to the progress of human civilization, the White Paper says.
China will unswervingly follow the path of peaceful development, the White Paper says this is “a path of scientific, independent, open, peaceful, cooperative and common development.”On China’s overall goal of pursuing peaceful development, the White Paper says that the goal is to promote development and harmony domestically and pursue cooperation and peace Internationally.
Specifically, the White Paper says this means that China will work to make life better for its people and contribute to human progress through hard work, innovation and reform carried out by the Chinese people and growing long-term friendly relations and promoting equality and mutually-beneficial cooperation with other countries.As a member of the International community, China has great hope for the future and adopts the thinking on International relations and foreign policies that conform to peaceful development, it says.
China is following its Asian predecessors in significant and sustained unilateral trade liberalisation. Where it differs in its integration model is in its openness to foreign direct investment. These Chinese policies, further supported by the sheer scale of the Chinese labour force and the quality of Chinese infrastructure, facilitate a continued deepening of already strong intra-regional trade integration, and the development of production networks centred on final assembly in China.
The reshaping of the Asian economy around the rise of China is facilitated by the development of political consultation mechanisms in the ASEAN+3 countries (the ASEAN 10 plus China, Japan and Korea). An important issue facing Asia is whether and how these consultation mechanisms need to be adjusted for the next wave of Asian economic growth.
Several of these developments are already widely commented on. These include the likely shift in China’s own growth strategy away from merchandise exports toward domestic demand, and a corresponding shift in domestic saving-investment imbalances to levels that prevailed a decade ago, even as the country remains a significant capital exporter. Also fairly likely is continued sluggish growth in the advanced countries as their public finances and financial systems rebalance.
RCEP and China: Reimagining the future of trade in Asia
The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.
Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.(more…)
Thailand ready to ink big Chinese-backed trade deal
The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.
Great Wall Motor (China) takes over GM factory in Thailand
The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.
Thailand approves COVID-19 AstraZeneca vaccine for emergency use
The first lot of 50,000 doses of COVID-19 vaccine developed by AstraZeneca will arrive in Thailand early next month, after...
Interprovincial travel in Thailand amid COVID-19 controls
The State Railway of Thailand (SRT) is suspending 57 additional train services from 26 January, 2021, as part of the...
Covid-19 puts flexible space markets under strain
In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.
Thailand to put world’s largest floating solar farm into use this June
The facility, which generates power on a water surface of 72 hectares, was originally scheduled for operation in December last...
TAT launches virtual tours to 4 top destinations in Thailand
Once inside an attraction, visitors can move around using the cursor, while some of the attractions have information about its...
Thailand’s automotive sector expected to produce 1.4m cars this year
This increase in output is a result of the recovery of domestic and export markets, with the annual output for...
Subscribe via Email
Forex1 week ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
Economics6 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020
National6 days ago
Human trafficking cases in Thailand hit decade low due to COVID-19
Banking1 week ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?