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Commentary: CPC-led China offers compass for bridging global governance deficit

2017-October-21       Source: Xinhuanet.com

The Communist Party of China (CPC) is holding its most important meeting in five years to chart the future course of the country at a time when the world is beset with challenges and disorder.

A CONTRASTING MAP

In contrast, China, under the leadership of the CPC, is trying to map out a road leading to a better world by promoting not only its own development but also that of other countries.

The commitment has been reiterated in the report Chinese President Xi Jinping delivered Wednesday at the opening of the 19th CPC National Congress in Beijing.

Over the past decade, China has been widely regarded as a leading economic locomotive that has, along with other economic powerhouses, pulled a lackluster global economy up a steep hill.

According to data released by China's National Bureau of Statistics, China's average contribution to global growth from 2013 to 2016 was about 30 percent, the largest among all countries.

For Xi, who was elected general secretary of the CPC Central Committee in 2012 and president in 2013, one of the top priorities is to ensure a robust growth of the Chinese economy, which matters to the rest of the world as well.

To restructure its economy for better quality growth, China has introduced a series of supply-side structural reform measures. They are reducing excess inventories, cutting overcapacity, deleveraging, lowering costs for businesses, and streamlining bureaucracy.

The past five years have also witnessed China's persistent drive to promote social justice and equality by reducing poverty. China has lifted an average of 13 million people out of poverty every year since 2012, according to official data. And over the past four decades, more than 700 million Chinese have been freed from poverty, accounting for 70 percent of the global efforts in the same period.

Overseas, China has reached out to the international community with a set of proposals on how to better maintain global security and peace and spur development.

Editor: Nan

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