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GROWING INFLUENCE.doc
GROWING INFLUENCE
The World Economic Forum Annual Meeting 2017 opened in Davos, Switzerland, on January 17. At a time when global governance faces multiple economic, political, military and other challenges, the foci of this meeting, whose theme is Responsive and Responsible Leadership, included China’s responsibilities and how it will assume a larger international role in a sustainable way.
China’s contributions
The major contribution China can make to global governance is to ensure its own success in achieving sound and stable economic growth and in setting an example of successful governance for other nations. Ensuring its own success is particularly important for China, whose population comprises roughly one sixth of the world’s total.
As a Chinese saying goes, only when one is adequately fed and clothed, can one have a sense of honor and shame; when the granaries are full, people can learn rites and etiquette. Likewise, only when a nation has sufficiently ensured its people’s livelihoods can it think about helping other nations and contributing to global governance.
Among countries worldwide, China has made obvious contributions to people’s wellbeing and global governance through its economic development. “Made-in-China”played a crucial role in the economic growth of the United States without too much inflation since the 1990s, and has also made outstanding contributions to improving people’s well-being in developing countries.
Industrialization and export-oriented growth have enabled China to become the world’s largest manufacturing and goods exporting nation, and subsequently to generate the world’s fastest growth in imports since the beginning of the 21st century. With import growth double the international average, China has fueled growth in many other countries and regions by importing goods and services. More and more countries, from emerging markets to large resource exporters and industrial economies, are benefiting from Chinese d
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