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Former World Bank economist: China is leading the global economic development

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People's Daily Online, Washington, November 24 (Reporter Li Zhiwei) Former World Bank economist Mwangi Wajira recently told reporters that the continued development of China's economy will bring more vitality to the world economy. China stands on the historically correct side of economic globalization and is committed to promoting global development cooperation. He believes that China's high-quality development has broad prospects, will create a high-quality life for the people, and will also bring more confidence and opportunities to the recovery of the global economy.

Vajira said that under the leadership of the Communist Party of China, China has carried out reform and opening up, and the Chinese economy has achieved rapid development. Now China is moving towards the next goal: promoting high-quality development and creating a high-quality life for all people.

"For many countries around the world, this rapid development has also made China's economy very important." Wajira said that in the report of the 20th National Congress of the Communist Party of China, people saw that China will insist on deepening reform and opening up. The world can predict that China's economy will undergo new development and transformation in the future. China has continuously achieved breakthroughs and accelerated applications in cutting-edge technologies such as aerospace and artificial intelligence. Scientific and technological innovation will strongly promote the new development of China's economy and achieve high-quality development.

"China is leading the global economic development." Wajila said, "China's new role in leading the global economic development also comes with new responsibilities. In this new role, China will influence the global economy in many ways and promote , a fair and just international trading system.”

China continues to become the engine of the world economy, and the high-quality development of China's economy will have far-reaching global significance. Wajira believes that countries around the world will benefit from the high-quality development of China's economy. With the optimization and upgrading of China's industrial chain, China will provide more high-end manufacturing products to the world. At the same time, the partnership between China and Asian and Latin American countries will also be closer, bringing more investment and trade to these regions.

More importantly, global development initiatives have also given people all over the world, especially developing countries, more confidence and yearning for a better life and future. Wajira said that China has maintained its status as Africa's largest trading partner for 13 consecutive years, thanks to the many win-win cooperation agreements signed between China and African countries. Under the framework of the "Belt and Road" initiative, many new infrastructure projects have been built in Africa, "giving Africans unprecedented confidence in development." These infrastructure constructions will help Africa's industrialization process.

(Editors in charge: Yan Meng, Chang Hong)

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