ChinaUS EUROPEASIA 中文双语Français
Opinion\From the Press

Certainty in uncertain times

China Daily | Updated: 2016-12-23 07:27

Certainty in uncertain times

A worker at a steel company in Lianyungang, Jiangsu province, in January 2015.[Photo/China Daily]

In the context of "certainty" being a scarce resource, the general tone set by the just-concluded Central Economic Work Conference to pursue "sound and steady" economic development next year has undoubtedly eased market fears.

Many international observers have picked up on the positive messages emanating from China's tone-setting conference and interpreted them as signs of continuity in China's macroeconomic policies that will offer other countries many obtainable "opportunities".

Stephen S. Roach, senior fellow at Yale University and former chairman of Morgan Stanley Asia, pointed out not long ago that China has contributed more to global economic growth than all the developed countries combined.

As a leading locomotive of the global economy, China's continuing efforts to deepen its supply-side structural reform are expected to bring other economies more development dividends, because China's sound and steady development lubricated by these efforts will create a broad market, ample capital, abundant products and precious cooperation opportunities.

As the world's second largest economy, China is gradually adapting to its role as a game changer, a guider of global economic governance and a builder of a new world economic order. Whether through the G20 or APEC or other multilateral platforms, China is committed to working with others to help boost global trade and investment and facilitate trade liberalization, so the world can emerge from its lingering economic slump.

In this sense, the sound and steady advancement of China's economic development will inject much vitality into efforts to kick start a global economic recovery.

And with international order undergoing profound changes, there is an opportunity for China to become a guardian of globalization governance and a torch bearer of the open trade system.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US