Common development

Since President Xi Jinping took office in 2013, China has increasingly become interested in improving the present type of globalization. As current global institutions tend to ignore the role of emerging economies, Beijing has aspired to fill the void by rallying the rising economies of Brazil, Russia, India and South Africa to work with China under the BRICS manifesto. Based on the bloc’s success to date, China has created the BRICS Plus concept to allow more emerging economies to share the vision and mission of the existing BRICS group.

As China has experienced a major transformation of its foreign policy strategy toward a more proactive leadership approach, lately it has become interested in setting up complementary regional development institutions, especially through the Belt and Road Initiative, Asian Infrastructure Investment Bank and the New Development Bank. By proposing the Belt and Road Initiative, China aspires to promote cross-border infrastructure connectivity step by step.

In merely five years after the 18th CPC National Congress, China has transformed itself into a champion of globalization and injected its own style of substance into this historical process. China’s stress on mutual respect and common development has made a true win-win objective possible. There is reason to expect that the 19th CPC National Congress will set a more solid agenda for China to address global governance through fairness and leadership. ( The author is a professor and deputy dean of the Institute of International Studies at Fudan University) Party of China (CPC) is historically China’s most important political gathering. The 19th CPC National Congress held in October this year was remarkably significant for the Chinese people, because not only the leadearship of the Party and state has successfully tackled the structural gridlock, the so- called middle income trap, that usually held down most emerging economies, but it has achieved a high quality of living standards for the Chinese people.

Since the 18th CPC National Congress and the election of Xi Jinping as the general Secretary of the 18th CPC Central Committee at its first plenary session in 2012, the CPC has refocused completely on its ideals of serving the people and putting the people first. Since Xi said in 2012 that “the people’s desire for a better life will always be our goal,” the Party has kept its commitment of ensuring a “better life for the Chinese people.”

With profound dedication and hard work, Xi and other CPC leaders have steered China through challenging structural reform and re-balanced the economy to what Xi called the “new normal.” The result has been significantly game- changing for the Chinese people and the rest of the world.

Since 2012, the CPC has made strenuous efforts to realize the two Centenary Goals (to finish building a moderately prosperous society in all aspects by the time the CPC celebrates its centenary in 2021, and to turn China into a modern socialist country that is