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  • Decoupling from China hampers global development

    Source:Xinhua Published: 2019/5/26 17:21:30

    For the past two decades, the botched theory of the "coming collapse of China's economy" has been debunked repeatedly by realities. If one must find a match for its fallacy, the theory of "decoupling from China" is a prime candidate.

    In a world where the trend towards economic integration is irrevocable, decoupling from China, now a backbone of the global economy, means decoupling from opportunities and future development. Not to mention the calamitous damage the practice could trigger.

    International trade promotes common prosperity for all. That is a lesson China and the world at large have learned from the Asian country's decades-long adherence to the policy of opening up to the world.

    China's participation in the global economy has brought benefits to many parts of the world, and helped lift billions of people out of poverty worldwide. Former World Bank chief Jim Yong Kim once hailed China's poverty reduction efforts as a "great story in human history."

    Thanks to its active and strong integration into the global economy in the past decades, China has become the key driver of global economic growth.

    According to projections by the International Monetary Fund, China will account for 27.2 percent of world growth in 2019, compared to 12.3 percent by the United States.

    For a world grappling with the specter of protectionism and zero-sum mentality, it is therefore good news that the second largest economy has pledged a stronger commitment to a deeper and wider engagement with the global economy.

    The Belt and Road Initiative (BRI), an inclusive mega-program proposed by Beijing to improve regional cooperation and trans-continental interconnectivity, exemplifies the significance of economic engagement between China and the world.

    According to a recent study by the RAND Corporation, transport infrastructure and connectivity, a major focus of the BRI cooperation, is generally lower in the BRI region compared to other regions.

    If trading partners in the BRI region have a rail connection, exports could be improved by 2.8 percent, said the study.

    What is more, thanks to the BRI cooperation, total trade volumes increase not only in the BRI region, but also in countries outside the initiative, making it "a win-win scenario," the RAND study concluded.

    As the majority of the international community have reached a consensus that China's development offers a golden opportunity for the global economy, the wishful thinking of decoupling from China's economy goes against the present day trend and is a nonstarter.

    It is in China's interests to remain integrated into the global economy, and any efforts to decouple from China economically could frustrate global development, against which everyone has to be on guard.


  • 高校在陕招生出新政 快来看有没有你想报考的学校招生计划高校-西安新闻 2019-06-19
  • 热巴窦骁携手演绎经典神话 2019-06-16
  • 两场比赛5名球员梅开二度 巴萨皇马大胜 2019-06-16
  • 贪官的可恨之处,不在于他们的贪污、索贿、受贿、侵占国有资财,而在于他们相互勾结,打压、排挤积极认真为党、国家、民族、人民工作的好干部。向他们靠拢就被拉拢、腐蚀变 2019-06-14
  • 秦存良的专栏作者中国国家地理网 2019-06-12
  • 网传的高考零分作文都是假的 阅卷老师:题目写对就有2分 2019-06-12
  • 邢台财富家园小区物业乱收费已解决 2019-06-09
  • 外交部:文莱外交与贸易部第二部长艾瑞万将访华 2019-06-09
  • 采用承载式车身 曝上汽大通全新SUV谍照 2019-06-08
  • China Focus Dragon Boat Festival celebrated across China - Culture News - CQNEWS 2019-06-07
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  • 您访问的页面找不回来了 2019-06-05
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  • 紫光阁中共中央国家机关工作委员会 2019-06-04
  • 足球界最丑十大球星:小罗第4!鲁尼第3 里贝里仅第6! ——凤凰网房产 2019-06-03
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