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City of Banjul
Sunday, September 27, 2020

China at 70

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This year marks the 70th anniversary of the founding of the People’s Republic of China.

celebrations will be held across China in memory of this historic moment.

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70 years ago, under the leadership of Chairman Mao Zedong, the founder and great leader of the Chinese Communist Party, new China was founded and gained its independence on Oct 1, 1949. Kuomintang led by Chiang Kai-shek fled to Taiwan.

After long-time suffering from foreign invasion and civil war, the new China was poor and backward.

Many people had no food to eat and no place to live. Materials were in severe scarcity. Internationally, the United States and western countries did not recognize and blockaded new China.

However, having experienced the agony and catastrophe of foreign invasion and colonization, China insisted on supporting African countries in their efforts to gain independence.

After their independence, China gave them economic aid up till today.

China now is one of the five permanent nations in the United Nation’s Security Council and represents the interests of all developing nations.

China has diplomatic relations with 179 countries in the world now.

China has gone through a historic transformation under the leadership of the Communist Party of China (CPC).

During the past 70 years, China has achieved huge social and economic development. China has became the second largest economy in the world, just after the United States.

This year marks the 41 anniversary of China’s reform and opening-up to the world.

Over the past 41 years, the annual real GDP growth rate of China has averaged 9.4%. The proportion of China’s economy volume in the world grew from 1.8% in 1978 to 16% in 2018.

Through reform and opening-up, China benefits from international trade. We also contribute a lot to the development of world economy.

According to a report published by WTO in April this year, China is one of the key engine of world economy, especially after financial crisis, contributing to over 30% of world economic growth.

Today, China is the largest exporter accounting for about 13% of world export, and the second largest importer providing a huge market for global producers.

Moreover, the report pointed out that China’s reform and opening-up also offered a new development path for developing countries around the world.

China has many advanced and leading technologies in the world, including aerospace and lunar exploring technology, 5G telecommunication, missile technology and Beidou GPS and Express train and so on.

China support the rule-based multilateral trading system with the WTO as its core. China believe in a fair trading system that protects the rights and interests of developing countries and narrows the gap between north and south.

China hope countries with different ideas could settle disputes through negotiations instead of recklessly resorting to unilateralism and protectionism.

However, during the past year, the United States first imposed tariffs on Chinese goods to US at 25% and China had to retaliate.

The trade war between the US and China has escalated.

US unilaterally raising tariffs on Chinese goods will harm both US and China’s economy.

It will cause the recession of US economy.

Of course, It will also harm China’s economy.

China wishes to solve the trade issue by negotiations.

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