China's development brings vigor, vitality to world

Updated: 2012-10-29 17:26


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BEIJING -- The upcoming 18th National Congress of the Communist Party of China will be a landmark in the course of China's development, which has not only benefited the country itself but also the world at large.

Looking back, one can see that burgeoning development of China has brought huge vigor and vitality to world peace and development over the past decade, as a number of facts and statistics prove it.

Related reading: WTO chief: China is the panacea, not the problem

China has honored the commitments it had made before the entry of the World Trade Organization, shouldering its due international responsibilities of advancing the global trade and investment facilitation.

The Asian country has signed and is to sign a total of 15 free-trade-zone pacts with 28 countries and regions.

What's more important, China's annual imports have grown to some $750 billion over the past decade, helping create 14 million jobs for relevant trading partners worldwide.

During the same period, overseas-invested companies in China have remitted a total of $261.7 billion of profits, with an annual increase of 30 percent.

What impressed the world most is that China's economy was among the first that had achieved a "V"-shape rebound in the wake of the global financial crisis, which was helpful to the global economic recovery.

No wonder, Danish parliament speaker Mogens Lykketoft noted that China has made "important contribution" to the world's drive to overcome negative consequences of the global financial crisis as well as to push for the world economic recovery.

It is known to all that China has become the second largest economy and the biggest exporter in the world. As many as 69 Chinese companies have been listed as top 500 companies in the world, just behind the United States. China is shifting from "made in China" to "innovation by China".

Observers have widely believed that the rise of China has played a key role in expanding the shares of emerging economies in the global economy and enlarging their influence in the global economic governance.

The developing world is also happy with China.

A richer China does not forget its old friends in Africa, Asia and Latin America.

Statistics show that around 18,000 Chinese companies have invested overseas, mainly in the developing world.

Chinese companies, which major in projects closely relevant to livelihood of local people, shoulder their own social responsibilities in their investment and development.

By the end of 2011, China has built more than 2,200 projects for less-developed countries, greatly benefiting local people.

With direct investment in Africa totalling nearly $15 billion, China has exempted less-developed countries of some 30-billion-yuan ($4.8 billion) debts.

Looking ahead, China will continue to be a vital force in safeguarding world peace and development. It is proved that the rise of China is, by no means, a threat to the world, and instead, it brings more vigor and vitality to the humanity.