The sixth China International Import Expo (CIIE) is set to take place in Shanghai from November 5 to 10, highlighting China's commitment to sharing the fruits of its economic growth with the world. After decades of economic reforms and robust development, China continues to pave the way in modernization through initiatives like the CIIE.
Melnikov Ivan Ivanovich, first Deputy Chairman of the State Duma in Russia, shared his insights on China's remarkable economic journey in the \"Chinese Modernization: Sharing Prosperity\" series launched by CGTN and the China Institute for Innovation and Development Strategy (CIIDS). He emphasized that China's ability to adapt its domestic and foreign policies in response to global changes has been a key factor in its sustained economic growth.
Since the late 1970s, China's reform and opening-up policy has been a cornerstone of its development strategy. While other nations have attempted to replicate China's approach by boosting labor productivity and attracting foreign investment, China stands out by creatively integrating these practices with its unique national context, resulting in consistent double-digit growth rates.
Melnikov highlighted that in a world experiencing significant shifts and the decline of a unipolar order, China's model of establishing new international relations based on mutual interests and international law offers a blueprint for other nations. He advocates for countries to consider their own national realities when pursuing development under the evolving global system.
The upcoming CIIE serves as a platform for China to showcase its advancements and foster international cooperation, reinforcing its role as a leader in global modernization and economic prosperity.
Reference(s):
cgtn.com
