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Opinion / Op-Ed Contributors

Chinese dream can be shared

By Zheng Xiwen (China Daily) Updated: 2013-08-08 09:14

China wishes to establish diplomatic relations with all countries based on the Five Principles of Peaceful Coexistence. It endeavors to promote development and resolve disputes through cooperation and to enhance cooperation by expanding mutual benefits.

The total value of China's imports and exports increased from just $20.6 billion in 1978 to $3.87 trillion in 2012. The actual foreign capital intake in China was $117.22 billion in 2012; while by April 2013, China had absorbed foreign capital totaling $1.3 trillion, which was the second highest in the world. At the same time, the country's non-financial outward direct investment surged to $77.2 billion last year, edging it into a great power in outward investment. Moreover, China takes an active role in the implementation of free trade agreements, having signed FTAs with 10 economies.

China is also devoted to the establishment and development of international and regional cooperation mechanisms including the Forum on China-Africa Cooperation and the China-Arab Cooperation Forum, and it has carried out comprehensive cooperation featuring mutual benefits with the countries and regions concerned. Therefore, the realization of the Chinese dream is incorporated into China's deepening pragmatic cooperation with the rest of the world.

China has always acted as a staunch force for safeguarding world peace and development. From 2001 to 2011, China provided more than 170 billion yuan ($27.7 billion) in foreign assistance and exempted about 30 billion yuan in matured debts incurred by 50 heavily indebted and the least developed countries.

Also, China has dispatched a total of more than 20,000 peacekeepers and more than 1,600 police officers to participate in UN peacekeeping missions, which is the largest number of personnel dispatched among the permanent members of the UN Security Council.

More significantly, China has made great contributions to the growth of the world economy. Statistics from the International Monetary Fund show that China has contributed to nearly one-fourth of the global economic growth since breakout of the global financial crisis.

It is projected that by 2020, the purchasing power from the Chinese market will amount to 64 trillion yuan. In the next five years, the total value of China's imported products will reach $10 trillion, and the value of total foreign investment will surpass $500 billion, providing massive opportunities for the development of other countries.

The Chinese dream will not only bring benefits to the Chinese people, but also to the whole world. And the Chinese dream is to share its aims and fruits with the dreams of the world.

The author is a Bejing-based scholar of international relations.

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