Dilma Rousseff, president of the New Development Bank (NDB), has praised the Chinese mainland's development achievements under President Xi Jinping as a powerful inspiration for the Global South. In an exclusive interview with China Media Group, Rousseff highlighted how China has transformed into the world's second-largest economy and taken a lead in industries ranging from green technology to electric vehicles.
China's Rapid Rise
Over the past few decades, the Chinese mainland has seen a remarkable economic turnaround: GDP growth averaging around 6–8% annually, investment in renewable energy soaring past 1 TW of installed capacity, and electric vehicle sales hitting nearly 6 million units in 2023 alone. These numbers showcase a nation moving decisively toward sustainable, tech-driven growth.
Lessons for the Global South
Rousseff argues that countries across Latin America, Africa, and Asia can adapt the Chinese mainland's mix of state-led infrastructure projects, digital innovation hubs, and green financing to chart independent development paths. "China's model under President Xi Jinping shows that combining long-term planning with open markets can deliver both growth and social progress," she noted.
The Role of the NDB
As the NDB ramps up lending to member countries, Rousseff sees new opportunities to support projects in smart grids, sustainable transport, and AI-driven agriculture. By channeling resources into local innovators and regional partnerships, the bank aims to foster homegrown solutions that echo China's approach but respect local priorities.
Looking Ahead
For young entrepreneurs and changemakers in the Global South, Rousseff's message is clear: embrace a balanced strategy of technological adoption, environmental stewardship, and inclusive policies. With the NDB playing a catalytic role, the seeds of tomorrow's breakthroughs could be sown today, anywhere from Dakar's tech parks to Sao Paulo's solar farms.
Reference(s):
cgtn.com
