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Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Saturday 1 July 2023

Multinationals committed to China; Summer Davos showcases China's high-quality development drive

BEEFING up their presence in China will only move multinationals forward with stronger growth over the long term, despite rising uncertainties over decoupling and supply chain disruptions, said global business leaders and industry experts on the sidelines of the Summer Davos Forum in Tianjin.

They made the remarks as Premier Li Qiang said at the forum on Tuesday that China has full confidence and the ability to achieve steady economic growth and high-quality development for a long time to come.

The country's economy shows clear rebound and improvement momentum with the first-quarter GDP growing 4.5 percent year-on-year, and is expected to expand faster in the second quarter, Li emphasized, adding that it will offer "a consistent source of dynamism" to global economic recovery and growth.

Joe Ngai, chairman of management consultancy McKinsey China, said: "After looking at the global context we are in right now, there is no other place in the world that has the size and is still growing at the same rates we're seeing in China. The Chinese market has also been a major growth segment for multinational companies. I still believe the next China is China."

Bruce Cameron, chairman of Zespri, a cooperative of kiwi fruit growers in New Zealand, said the economic growth rates in China are still very "impressive" when compared to the rest of the world.

The latest estimates from Boston Consulting Group show that China is projected to contribute at least 25 percent of global economic growth by 2030.

"We are very confident about the Chinese economy and its ability to continue to have a strong presence here. We believe that our company and our presence here take us forward over the foreseeable future with strong growth," he said.

Such a long-term potential for economic growth is inspiring multinationals to ramp up investment, expand their talent lines and chalk up medium-to-long-term plans in the country.

Wang Rui, senior vice-president of US tech company Intel and chair of Intel China, said many international companies attach great importance to the Chinese market, and "Intel will firmly adhere to its development strategy in China".

"The Chinese market has vast opportunities and provides an open business environment. Intel's innovative technology is also in line with the high-quality development demands of the Chinese economy. This is a mutually beneficial relationship," Wang said.

George Xu, CEO of Airbus China, said: "Airbus China plans to expand its recruitment of new energy talent to support its green transformation and sustainable development."

Xu said that in China, even faced with challenges from the COVID-19 pandemic, the company increased its headcount by 15 to 20 percent on a yearly basis.

Faced with external propositions on decoupling and de-risking, Premier Li emphasized at the forum on Tuesday that the world should not and cannot return to a state of seclusion or isolation, and should oppose the politicization of economic issues and work together to keep global industrial and supply chains stable and smooth.

Such a stance was shared by company executives and industry experts at the forum.

Ngozi Okonjo-Iweala, director-general of the World Trade Organization, said during a panel discussion that decoupling and fragmentation are something that the world simply cannot afford to have.

Even with rising decoupling challenges, Wu Chun, managing partner of Boston Consulting Group Greater China, said that the country has demonstrated its resolution to join hands with all other stakeholders to tackle challenges and seek win-win outcomes, thus providing confidence and stability in an uncertain world.

It gives an extra vote of confidence for multinationals to grow in the country over the long term.

"We see China as a very long-term global market. We have no intentions of backtracking or leaving China," Cameron from Zespri said. "We are embedded here." 

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 Summer Davos showcases China's high-quality development drive

Officials, economists and entrepreneurs attending the Summer Davos in North China's Tianjin have expressed full confidence in China being able to achieve its growth target of around 5 percent for 2023, with some putting an even higher forecast, as the global gathering of business elites acknowledged China's continued role as ...

Saturday 10 June 2023

Top exec at China state-run firm sacked after exposed affair but mistress’ dress is the talk of town

 

The “mistress dress” that moved inventories at Taobao and spawned an anime-themed meme. PHOTO: DOUYIN/XIAOMI223 via The Straits Times/ANN

the video went viral on Douyin  


THEIR affair had sent tongues wagging in China, but it was the “mistress dress” that stole the show.

A top executive at state-run firm China National Petroleum (CNPC) lost his job on Wednesday after a video of him holding hands with a much younger woman while out shopping in downtown Chengdu went viral.

The woman was not his wife – a fact that led to the executive’s downfall. But it was what the woman was wearing – a body-hugging, summer dress with floral prints of pink, yellow and blue – that drew “oohs” and “aahs”, and sent online sales of the frock soaring.

Chinese netizens have taken to calling it the “mistress” or “dismissal” dress.

Mr Hu Jiyong, the erstwhile general manager of CNPC subsidiary Beijing Huanqiu Construction, and Ms Dong Sijin, a co-worker of his, were spotted this week at a popular shopping district in Chengdu by a street photographer.

A short clip of Mr Hu – who was dressed in a matching pink polo T-shirt – and Ms Dong walking hand-in-hand was posted on Douyin, TikTok’s Chinese sibling, on Wednesday, and quickly drew millions of views.

Within hours from the time the video appeared, CNPC released a statement saying Mr Hu had been sacked. Ms Dong, too, was let go.

But that didn’t stop the online tongue-wagging.

Some said Ms Dong’s father was himself a senior executive at CNPC, and that Ms Dong was known for posts on social media that showcased her taste for expensive designer bags and luxurious vacations. Netizens noted that she was carrying a Lady Dior handbag that retails for around S$8,000 in the video.

But it was the infamous dress that stood out.

Online sleuths quickly learnt that the dress was being sold by a vendor on the online shopping platform Taobao for 618 yuan (S$116).

On the same day Mr Hu’s and Ms Dong’s video was posted, some 1,000 units of the dress were sold, lifting the item to the top of Taobao’s hot items list.

By Thursday, 4,000 units were sold. Overwhelmed by the sudden interest, the Taobao vendor told its customers to “shop rationally”.

But the “mistress dress” also sparked fierce online debate.

“Why would someone want to dress in the style of a mistress? The craze over this really reflects a moral decline in our society,” a Weibo user lamented.

Another person thought the dress was “kinda tacky”.

One fan, though, wrote: “Every dress is probably worn by a mistress at one point. The dress is innocent!”

Others took to using AI imaging tools to render screenshots of Mr Hu and Ms Dong as manga and anime characters.

The ruckus compelled The Beijing Daily, a state newspaper, to post an editorial to say that the dress was attracting attention for all the wrong reasons.

“Focusing too much on the dress and making up salacious stories will divert public attention from the real lesson here,” it said. - The Straits Times/ANN 

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Sunday 16 April 2023

China Makes the First Quantum Chip "Refrigerator", China's Innovations That Have Sparked International Interest

 

The Chinese manufacturer Benyuan Quantum has built the first quantum chip production line in China, laying the foundation for the mass production of quantum chips in China.

Following the quantum chip production line, China has made another breakthrough in quantum technology and created a "quantum chip refrigerator".

China's first 'refrigerator' for quantum chips put into use to ...

Photo: Screenshot of video from Science and Technology Daily

Photo: Screenshot of video from Science and Technology Daily


China's first "refrigerator for quantum chips" has been put into use to maintain a stable environment and enable the smooth operation of quantum chips, scientists revealed on Wednesday.

The "refrigerator," actually a high-vacuum box, has three cavities for storage and each can be controlled separately.

A smart system monitors the cavities in real time to maintain a high-vacuum state, according to a statement by the developer of the device, Origin Quantum Computing Technology Co, which is based in East China's Anhui Province.

A human-computer interaction function guarantees automated operation of the device, read the statement.

The Global Times learned from Origin Quantum that compared with a classic integrated circuit, a quantum chip requires a more complicated manufacturing process. Temperatures and conditions in the chip's environment, such as noise, vibration, electromagnetic waves and even super-small particles, would have an impact on the quantum chip.

If the strict environmental conditions are not maintained, superconducting materials can easily react chemically with oxygen and water vapor in the air, absorbing various impurities. As a result, the key components of the chip may fail to burn in and would not function correctly.

Scientists have compared the burn-in process with "food going bad" in the air and dubbed the high-vacuum box as a "refrigerator for quantum chips."

Quantum chips are the "brains" of quantum computers, which use quantum mechanics to perform certain computations far more efficiently than a regular computer.

Although the general public is mostly unfamiliar with quantum computers and their capabilities, the Spring Festival box office hit The Wandering Earth II offered a fictional opportunity for people to comprehend the immense computing power these machines possess.

 

 #Chinatechnology #China #chinaeconomy China's Innovations That Have Sparked International Interest | Brics | China Technology 

Investigate China's various innovations, from the BRICS countries to cutting-edge technology, and understand how these have sparked an international interest. Learn about the impact China has had on the world, and how its projects have been duplicated around the globe.

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China successfully launched world's first quantum communication satellite 'very exciting' !

Chinese quantum satellite to protect China from cyber attacks

 

China to build world-leading national laboratory for quantum information sciences


Internet Protocol Version 9 第一代互联网 IPv9, Quantum Computing, AI and Blockchain: The Future of IT 

 

 

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Saturday 15 April 2023

In desperation, US tries to drag EU into its camp

 

Clare Daly, a member of the European Parliament from Ireland, sat down with CGTN reporter Li Jingjing in Beijing on April 2 to discuss the current challenges Europe is facing and the importance of developing deeper and more stable ties with China. Daly believes most politicians in the EU understand the interconnectedness of relations with China and the necessity of it for the economy. Despite this, anti-China rhetoric is still on the rise as Europe finds itself under immense pressure from the United States.


China and Europe.

 

Editor's Note:

A flurry of trips by European leaders to China are taking place. It is in line with the interests of European citizens, and reflects a genuine and welcome effort on behalf of China to try and develop international relations, Clare Daly (Daly), an Irish politician and member of the European Parliament, told Global Times (GT) reporters Li Aixin and Wang Zixuan in an interview before wrapping up her China visit.

GT: During your China visit, there have been some European leaders coming to China or planning to visit China. What signal do you think it conveys?

Daly: We found it very interesting that everybody is coming to China. Brazilian President Lula is coming soon also. Everybody is beating at the door here. I think what it reflects is a very genuine and welcome effort on behalf of China to try and develop international relations.

To be honest, the relations between the EU and China have not been good. We have noticed, in the period of time since we have been in the European Parliament, hostility and anti-Chinese rhetoric creeping into the debates. That's not in the EU's interest. It doesn't make any sense.

We have tried to understand where it comes from. The only conclusion we can come to is that China is a "threat" to US economic interests, not security interests. In desperation, they [the US] are trying to drag the EU with them into their camp. But we don't think anybody should have camps.

China is a hugely important world economy. It's in the interests of the EU to have good relations with China. From what we've seen, [French] President Macron has improved his relations with China. The comments before European Commission President Ursula von der Leyen came were rude, undiplomatic, arrogant and beyond what the EU should be doing. It was quite disgraceful diplomatically. But this is what we have come to expect from the EU. 

 

 
https://youtube.com/shorts/MyYl2ViLyLw?feature=share

EU President Ursula von der Leyen https://youtube.com/shorts/MyYl2ViLyLw?feature=share via @YouTube

 We have a very weak leadership that is behaving in a way that is not in the interests of EU citizens. They need to stay on side with China, but they are bending the knee to the US like they always do. We think they should develop an independent path and forge good relations with everybody.

GT: Do you think the visits by European leaders might show that the EU's political circle is turning toward a more rational and practical mentality toward China?

Daly: I would like to think that, but I've seen too much of the EU think that rationality is part of their plan. Unfortunately, we shot ourselves in our two feet in terms of our relations with Russia in response to the war, rather than championing peace, as we should have been doing. We have been ensuring that the conflict continues there.

Would they suddenly become intelligent and rational? Unfortunately, I don't think so. I think it's probably a result of Chinese diplomacy. Let's hope that the outcome is better relations. I think the visits will certainly help.

More important, in some ways, is the role that China is playing now on the world stage in terms of international affairs, arguing for peace in Ukraine. That is very welcome, because for too long, the world has been dominated by the US who has acted in their own interests, as all countries do. But unfortunately, that interest was to the detriment of people all over the world, and all of us are paying a price for that. We would like to see a real return to international law and multilateral arrangements, which is not really possible in a US-dominated world.

GT: When the US media discussed the European leaders' visits to China, they said French diplomacy was undermining US efforts to reign China in. What's your take in this?

Daly: This is the constant mantra from the US, this is what they do all of the time. Sadly, they generally bring the EU with them and the EU repeats this nonsense as well. It just reveals that China is an economic "threat" to the US in terms their dominant position.

The US has been working full time to drive a wedge between the EU and China and Russia and everybody else. They are trying to hang on to their global position, which they are losing and will lose and have lost in reality. They've lost the hearts and minds of most of the world's population, but they are desperately trying to keep the EU, maybe Australia and the UK, as the last group of people to bring with them.

Unfortunately, those countries have a disproportionate influence on international bodies, way beyond their numbers. But we're in a new dawn of world relations and the old one, represented by the US and sadly the EU, is in decline. The EU doesn't have to be, and the US doesn't either. The US should have good relations with China. Everybody should work with everybody to their own mutual benefit. Sadly, the military industrial complex that dominates the political agenda in the US wanted a different way, and they need to have enemies and bad guys to justify the expenditure.

Clare Daly. Photo: Courtesy of Daly

Clare Daly. Photo: Courtesy of Daly

GT: How would you describe US and EU's role in the world?

Daly: What I think is that the global rule of the US is facing a long and agonizing death. Their days are coming to an end, but that death agony is going to be protracted and take some time.

We're living in an incredibly dangerous period in world history where there is an attempt to redevelop Cold War politics. Most of it is coming from the US. Sadly, the EU, rather than being on the side of saying, "no, we're not interested in that," have sided with the US in that agenda and they're playing that game.

They have sided into the "bad guys, good guys" narrative. They call it democracy vs authoritarianism, which is absolutely ridiculous. We have a chance to vote every five years. Usually the people we vote for tell lies and then they come into power, there's nothing we can do about it. So what is democracy? It's a bit crazy.

Europe should be aligning with the countries that form the majority of the world's population, which is outside the Global North, and arguing for peace in an independent way and working with everybody. They are not doing that. Hopefully. That will change.

GT: What do you think of China's position paper on the political settlement of the Ukraine crisis, and in what ways can China and Europe work together to ease or maybe end the conflict?

Daly: We very much welcome it. We are for peace, we are against war. We thought it was really helpful that the Chinese did come up with a peace plan. It's not detailed, it's common sense. It's what we have been saying since the beginning in the parliament. We think that Russia made a very big mistake. A lot of people have suffered since then and still are. World relations are in a very difficult place. The only way out of that is through peace and dialogue.

I think the proposal was helpful, but people need to get behind it. The problem is that Europe is still continuing to provide arms for Ukraine. They're still increasing and escalating the rhetoric and the hostility, which is growing all the time. When these things happen, it can get to a place where it's very hard to claw back.

We believe that President Lula's visit to China is partly linked with trying to see a peace plan for Ukraine. How sad that the leadership of the EU, on the continent of Europe, where the war is on, doesn't seem to be bothered.

It shows how much in control of the agenda is the military industrial complex, particularly in the US but right across Europe. Now we see a securitized agenda, in which there are attempts to even drag China into that as well through escalating tensions in Taiwan and so on.

GT: As the victim of the Nord Stream pipeline sabotage, why is Europe not carrying out a joint investigation into the bombing?

Daly: Because they're afraid of the truth - the only explanation that would make sense. Early on, they tried to say it was Russia who did it. The idea that they might blow up their own pipelines when they could just turn it off was a bit crazy. I'm glad that they have abandoned that lunacy.

If it was the US, which is entirely possible, then that is an act of war by the US, our supposed like-minded partner and friend. Your friends don't go around doing things like that. The ramifications will be enormous.

So the only reason is they know the answer or they are afraid of the answer, and they don't want to go there. But can you imagine if there was any suspicion or suggestion that China might have been involved in doing it, or Iran, or somebody like that, you would have had massive calls in the international community for sanctions, for investigations, meetings, everything. But now, the silence. The silence tells its own story.

GT: In the European Parliament, have you sensed pressure because of your position toward China?

Daly: We wouldn't call it pressure, but there is a racism there. There is anti-China racism and stereotyping. I find it very strange to understand where that has come from.

My belief is that it has to be created. When I was in school and when China began to come onto the world stage and opened up, everybody wanted to learn Chinese. If you were intelligent and you were really in the top, you would learn Chinese. If anybody went to China, people will be, "wow, you've gone to China, that's the cutting edge."

That's about 30 years ago. Now if you say you're going to China, people go, "Why are you going to China? That's scary! They're kind of the enemy." So how did we get into that place?

The media in Ireland has demonized us, [me and] my colleague Mick Wallace, who is a kind of a celebrity in Chinese state media. They say we are the puppets of authoritarian regimes, because some of the comments that we make may have been covered on Chinese television, but the comments we make are covered in Irish television, on American television. It doesn't make us puppets of Europe or America.

It's ignorance, but it doesn't change anything. Our job is to use the chance we have in the parliament of Europe, which is very unrepresentative of the citizens of Europe. So don't worry, if crazy people in the European Parliament are voting on stupid motions that make no sense, our job is to use that platform to represent the interests of the citizens of Europe. The interest of the citizens of Europe is to have good relations with China.

And it's a bit crazy because all of the media and some of the politicians in the countries who complain - they all have diplomatic relations with China, they all have business relations with China.

Relations are bad. It's not China's fault, I think China is doing what it can do. But the door isn't open enough. So hopefully some of these visits now are the beginning of the door opening, the beginning of breaking that US domination and the idea that the EU must be in their camp and not China's camp.

The countries where most people in the world live, big economies, Brazil, South Africa, India, all those emerging economies, they're all going to follow China. And the Global North will be sitting in that little corner thinking they're the most important when the world has changed dramatically when they were asleep.

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PC Yu, former Self-employed. Like Critical Thinking.

 
 
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Tuesday 4 April 2023

China, Brazil to trade in local currencies, dump US dollar !

Gaining recognition: A person holds Chinese yuan banknotes. More economies are willing to use the yuan in clearing and payments, which is a significant step for the Chinese currency to internationalise. — Reuters

 Dump Your USD!!

 
 Why the World Is Dumping the American Dollar | Vantage with Palki Sharma. China and Brazil have struck a deal to trade in their local currencies instead of the US dollar. They joined a long list of countries including Saudi Arabia, Kenya and India. Why is the world attempting to de-dollarise? Palki Sharma decodes
 
 
HAINAN: The Chinese yuan is speeding up in expanding its global use, a trend that will help build a more resilient international monetary system, one that is less dependent on the US dollar and more conducive to trade growth, experts say.

They commented after China and Brazil – two major emerging economies and BRICS members – reportedly reached a deal to trade in their own currencies, ditching the US dollar as an intermediary.

The deal will enable China and Brazil to conduct their massive trade and financial transactions directly, exchanging the yuan for reais and vice versa, instead of going through the dollar, Agence France-Presse reported last Wednesday, citing the Brazilian government. The report comes amid the rising global use of the yuan.

China’s first cross-border yuan-settled liquefied natural gas transaction was completed last Tuesday, after the Export-Import Bank of China achieved the first yuan loan cooperation with the Saudi National Bank, the largest bank in Saudi Arabia, earlier this month.

Zhu Min, vice-chairman of the China Centre for International Economic Exchanges, said the trend is underway that more economies are willing to use the yuan in clearing and payments, which is a “significant step” for the Chinese currency to internationalise and reflects the international community’s growing trust in it.

The financial sanctions adopted by the United States since the start of the Ukraine crisis have triggered a “crisis of confidence” for the dollar to some extent, boosting the global use of other currencies, including the yuan, Zhu said on the sidelines of the Boao Forum for Asia Annual Conference.

Zhou Maohua, a macroeconomic analyst at China Everbright Bank, said the use of local currencies in bilateral trade will be a win-win situation for China and Brazil, reducing the risk of exchange rate fluctuations facing foreign trade companies, and thus boosting trade growth.

In February, China and Brazil signed a memorandum of understanding on setting up yuan-clearing arrangements in Brazil, which is deemed by experts as a necessary infrastructure for the two economies to trade in local currencies.

The arrangements will help the two countries’ enterprises and financial institutions use the yuan for cross-border trade, and facilitate bilateral trade and investment, Foreign Ministry spokeswoman Mao Ning said.

Financial infrastructure associated with the internationalisation of the yuan should be further improved, said Pan Gongsheng, vice-governor of the People’s Bank of China, the country’s central bank, in early March.

The nation will further improve its trading and settlement system for cross-border investment and financing using the currency, Pan added.

“I think yuan internationalisation will likely accelerate,” said Hong Hao, chief economist at GROW Investment Group, a China-based global asset management company, underlining that the recent developments indicate that an alternative monetary system outside the US dollar hegemony is being developed. — China Daily/ANN 

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 China sees an upsurge of diplomatic visits

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Friday 17 March 2023

Global Civilization Initiative proposed by Xi 'provides hope to heal the world in turbulence' – another gift from China to world

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and Chinese president, attends the CPC in Dialogue with World Political Parties High-Level Meeting via video link and delivers a keynote address in Beijing, capital of China, on March 15, 2023. Photo: Xinhua

 Global Civilization Initiative proposed by Xi 'provides hope to heal the world in turbulence'

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and Chinese president, proposed the Global Civilization Initiative. Experts said following the Global Development Initiative and the Global Security Initiative, China is trying to share its wisdom and plans to bring new hope for all nations to consider together on how to escape the trap of the "Clash of Civilizations" and find a path that can help the world sail through the current turbulence.

Xi proposed the initiative during his  key note speech on Wednesday at the opening ceremony of the CPC in Dialogue with World Political Parties High-Level Meeting via video link and delivered a keynote address.

Under the initiative, Xi called for respect for diversity of civilizations, advocating the common values of humanity, highly valuing the inheritance and innovation of civilizations, and jointly advocating robust international people-to-people exchanges and cooperation.

"We are ready to work together with the international community to open up a new prospect of enhanced exchanges and understanding among different peoples and better interactions and integration of diversified cultures. Together we can make the garden of world civilizations colorful and vibrant," Xi said.

World needs hope

According to a Xinhua News Agency story on Thursday, South African President Cyril Ramaphosa, also president of the African National Congress, and 11 other leaders of political parties and political organizations also addressed the dialogue on Wednesday.

They spoke highly of Xi's proposals in his keynote speech, and expressed their willingness to work with the CPC to play a leading and driving role in the modernization process.

"We fully agree with the four proposals put forward by Chinese President Xi in the Global Civilization Initiative," Ramaphosa said, noting the initiative is vital to the world today.

The event, with the theme "Path towards Modernization: the Responsibility of Political Parties," brought together more than 500 leaders of political parties and political organizations from more than 150 countries.

Li Haidong, a professor at the China Foreign Affairs University, told the Global Times on Thursday that the Global Civilization Initiative will help the world get rid of the old mentality for relations between different civilizations, and create a new landscape for the world which allows all countries to deal with each other based on stability, mutual respect and equality.

Experts said a very fundamental reason why the world at present is experiencing great turbulence is that the old international order dominated by the US-led West is making the world fall into the trap of "Clash of Civilizations," with many countries with different civilizations having a hard time to deal with each other peacefully.

Li said that within the US, people from different ethnic groups and with different religious beliefs are having more tensions rather than becoming more united. For the foreign affairs, during the time of the Trump administration, US senior officials openly hyped "Clash of Civilizations" and currently Washington is still having tensions with many countries with different civilizations, and even instigating conflicts between the countries in the same region with similar civilization.

At present, the old system and order dominated by the US-led West is causing huge problems and dangers to the world in the fields like geopolitics, supply and industrial chains, as well as the financial markets.

The Ukraine crisis is still far from easing, and the energy and foods crises are troubling many countries worldwide. At present, the new danger of a potential global financial crisis brought along by the collapse of US-based Silicon Valley Bank and the problem of Credit Suisse in Europe has made the world more unstable.

Liu Dian, an associate research fellow of the China Institute under Fudan University, told the Global Times on Thursday that in recent years, the world has been facing rising challenges and uncertainties.

"It's just about 15 years away from the financial crisis in 2008, the world is once again under the shadow of another crisis caused by the US," Liu noted. "The world is getting increasingly worried about the old system and getting more desperate to ask for new solution."

Contribute with action

From the Global Development Initiative and the Global Security Initiative to the latest Global Civilization Initiative, China has presented the world with an ideological system that gets increasingly mature. Adding to the China-proposed Belt and Road Initiative (BRI) and the ideal of the global community of shared future, China is trying to use its own wisdom, experiences and influence based on its own successful development and exploration in the past decades to help the world improve and reform the old problematic international system and order, experts said.

Liu said that the series of initiatives proposed by the top leader of the CPC and China are answering the questions for the world and our time. The combination of these three initiatives shows China's comprehensive thoughts that aim to solve global problems and improve global governance.

China is not just proposing the initiatives, but also making contribution through actions, and gain concrete achievements, analysts said. For instance, the successful mediation that lead to the resumption of diplomatic ties between Saudi Arabia and Iran, and the BRI that links countries with different civilizations to jointly realize development.

The vast majority of the international community welcomes and praises the latest reestablishment of Riyadh-Teheran diplomatic ties with China's support and assistance. This shows that the world in turbulence and regions in chaos desperately need new hope and new solution for peace and stability. China is actively utilizing its influence and wisdom to solve global challenges, as a result, more and more countries will be open to and carefully consider and research China's initiatives, Liu said. 

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Global Civilization Initiative – another gift from China to world: Global Times editorial

 

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and Chinese president, proposed the Global Civilization Initiative when he delivered a keynote speech at the opening ceremony of the CPC in Dialogue with World Political Parties High-Level Meeting on Wednesday. This is the third major global initiative presented by China after the Global Development Initiative and the Global Security Initiative. It fundamentally answers a series of questions of the times, such as "What kind of modernization do we need?" and "How can we achieve modernization?" The initiative has become another important public good provided to the world.

The background of the Global Civilization Initiative is that in recent years, as geopolitical conflicts have intensified, the "clash of civilizations" and "superiority of civilizations" have returned to public attention under the instigation and hype of some politicians in the US and the West. The hatred and estrangement among different civilizations have seriously hindered international cooperation. At the same time, "black swan" and "grey rhino" incidents are occurring frequently in the international community, and multiple challenges and crises are intertwined and superimposed. Different countries and civilizations urgently need to work together to deal with global challenges that affect the future and destiny of mankind as a whole. The Global Civilization Initiative can be said to have emerged in response to the demand of the times, and has strong practical significance and practical value.

The Global Civilization Initiative puts forward four initiatives - respect for diversity of civilizations, advocating the common values of humanity, highly valuing the inheritance and innovation of civilizations, and jointly advocating robust international people-to-people exchanges and cooperation. It covers the basic concepts and principles that different civilizations can tolerate each other and coexist, and has the source of motivation and a practical path for realization. It is a major initiative that is very constructive, operable and sustainable. Since it advocates respect for different civilizations and support for their development rights, it fully meets the strong needs of the international community and has shown strong vitality from the very beginning, arousing enthusiastic responses in the international community.

As abovementioned, after the end of the Cold War, the world entered an era of high globalization, but it has not really experienced peace. The Cold War mentality and practice of demarcating ideological boundaries and engaging in camp confrontation have not disappeared. On the contrary, in recent years it is resurging. The Russia-Ukraine conflict is essentially a remnant of the Cold War detonating a powder keg in the 21st century. In other parts of the world, the practice of distinguishing between friends and foes in the name of "values" and wooing one faction while fighting against another faction casts a huge shadow on world peace and development.

Furthermore, without true equality and inclusion among civilizations, the process of peace and development will always be at risk of being interrupted. There have been too many tragedies in this regard, both historical and current. In this sense, the Global Civilization Initiative is an extension and complement to the Global Development Initiative and the Global Security Initiative, and together they form the key components of a human community with a shared future.

The world does not need hatred, division or conflict, and the people of all countries want to live a good life. Since the founding of the People's Republic of China, the Communist Party of China has led the Chinese people to create two miracles - rapid economic development and long-term social stability. These are by no means "out of luck." Instead, they have their own profound internal logic. The Global Civilization Initiative, Global Development Initiative and Global Security Initiative are highly condensed versions of China's past successful experiences, which China is willing to share with the world without reservation to achieve common development through mutual exchange and learning. It can be said that these three initiatives are all high-quality global public goods demonstrating China's sincerity and goodwill.

It should be emphasized that China is not only a "thinker" but also a "doer" in promoting building a human community with a shared future. In the past year or so, the number of countries and international organizations supporting the Global Development Initiative has increased to more than 100; the Group of Friends of the GDI established on the UN platform has expanded to more than 60 members; and platforms such as the Global Development and South-South Cooperation Trust Fund, the Global Development Promotion Center, and the China Global Development Knowledge Network have also been established one after another. Just a few days ago, Saudi Arabia and Iran held a dialogue and reached an agreement in Beijing, which also became a successful practice of the Global Security Initiative. This happened less than a year after the initiative was first proposed.

Thus, there are more reasons to expect that the Global Civilization Initiative, together with the Global Development Initiative and the Global Security Initiative, will constantly inject stability and bring new hope to this world of turbulence and transformation. At the same time, we also believe that "Chinese modernization, as a new form of human advancement, will draw upon the merits of other civilizations and make the garden of world civilizations more vibrant." 

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