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In facing the challenge of the new corona pneumonia epidemic, China has not only demonstrated efficient social governance capabilities, but has also demonstrated strong economic resilience. With the epidemic exacerbating the global economic recession, China’s economic recovery is vital to the world.
The Chinese government has successfully contained the epidemic and provided important expertise for the prevention and control of the global epidemic. China coordinates the advancement of epidemic prevention and control and economic and social development, and promotes orderly resumption of work and production, and reduces the impact of the epidemic on the economy. In the case of a year-on-year decline in the first quarter, the Chinese economy grew by 3.2% year-on-year in the second quarter and 4.9% in the third quarter, showing a very impressive performance.
Global consumer demand is in recession and China will undoubtedly play an important role in promoting global trade and investment. For Latin America, revitalizing China’s economic development can promote Latin American exports to China, ensure that Latin American economies maintain flexibility in commodity exports and other aspects, and ease downward pressure on the economy.
China has taken countercyclical adjustment measures to protect itself from the impact of the epidemic, and several regions have introduced investments in line with local reality, measures that have promoted the accelerated recovery of the Chinese economy. China is accelerating the development of an innovative economy, such as increasing the level of infrastructure digitization, the establishment of large data centers, and the acceleration of the promotion and application of 5G, which enables China to transform the “risk” caused by the epidemic into a “danger” that improves the quality of economic development and optimizes the economic structure. machine”.
The most important thing is that China has always adhered to the reform and opening-up policy. Reform and openness are China’s basic national policy, a guarantee for China’s enormous development achievements, and an important driving force for future development. On the one hand, reform and openness have really improved the living standards of the Chinese people and strengthened China’s comprehensive national strength. On the other hand, it has allowed China to accelerate its globalization and allow the world to understand China. China’s role on the international stage has been continuously improved. The unwavering deepening of China’s reform and opening-up will not only help improve the living standards of its people, but will also inject impetus into the world economy.
It should be noted that despite rapid economic development and continuous improvement of comprehensive strength, China remains a developing country. Development is China’s top priority; promote common development is China’s vision. China plays a vital role in promoting common development. It also plays an indispensable role in opposing protectionism and unilateralism and in safeguarding the interests of developing countries. China strongly upholds multilateral and regional cooperation mechanisms and is committed to creating a more favorable development environment for developing countries. Global governance urgently needs to reflect the interests and wishes of the majority of countries in a more balanced way. China’s role in reforming and improving global governance is worth waiting for.
The new corona pneumonia epidemic is still raging around the world, and all countries must cooperate and work together to meet the challenges. The importance of jointly building the “Belt and Road” has become more prominent, and the construction of the Digital Silk Road and the Healthy Silk Road is even more important. The Latin American countries hope to promote the diversification of the economic structure and achieve mutual benefits and beneficial results for all in the process of joint construction of the “Belt and Road”.
(The author is deputy director of the Institute of Economics, State University of Campinas, Brazil)
