CPEC-BRI & Integrated CPC Centenary Goals: An Expert Opinion | By Dr Mehmood Ul Hassan Khan

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CPEC-BRI & Integrated CPC Centenary Goals: An Expert Opinion

POLITICS and economy works in “integration” and “discourages” disintegration. It also provides the essential socio-economic “stability” and “sustainability” in the country.

People’s friendly policies and immense social development disseminates economic feel good gestures among the different factions of the society.

In this connection, the People’s Republic of China (PRC) has become the “cradle” of “PEOPLE’S REAL RULE” on this planet because it stands for delivery, economic prosperity, balanced social development, gross-root trickle down economic dividends and, above all, good governance.

Since its inception, the China Communist Party (CPC) has been a “stimulator” of Chinese socio-economic prosperity and a vibrant “Economic Model”.

With the passage of time regional and trans-regional connectivity became one the core “strategic priorities” of the CPC due to which “One Belt & One Road Initiative (BRI-2013)” and its flagship project namely “China Pakistan Economic Corridor (CPEC-2014 & 2015)” were inaugurated and rigorously pursued.

According to Chinese official data (2013-2017), trade between China and BRI member countries surpassed US$5 trillion.

Chinese investment in the BRI member countries reached more than US$100. Chinese companies have paid 2.2 billion US dollars in tax and fees to host countries, and created 240,000 local jobs.

In the case of the CPEC it has generated more than 70,000 new jobs in different projects which ultimately further fostered socio-economic uplift and social modernization in Pakistan.

The FDI of worth US$46 was pledged in which more than US$22 billion has been invested in different mega projects of energy, infrastructure development, social uplift and ICT during the CPEC Phase-I in the country.

Hopefully, it will be further accelerated during the CPEC Phase-II.  The 20th National Congress of the Chinese Communist Party (CPC) will be started on October 16, 2022. It will “showcase” the Chinese socio-economic achievements and subsequently chalk-out economic policies for the “New Era”.

So, further opening-up, inclusiveness, diversification, innovation, economic liberalization and integrated policies of immense social development and balanced regional economic development will be announced during the 20th CPC.

According to the Chinese President Xi Jinping during 2021 China has achieved one “Centenary Goal” of the CPC which consists of building a moderately “prosperous society” in all respects.

The CPC second centenary goal is based on building a “modern socialist” country. Therefore China, the CPC and the Chinese president Xi are the integral part of the country’s stability, sustainability and custodian of a qualitative life of the future.

The CPC prepared a two-stage development plan for the period from 2020 to the middle of this century at its 19th National Congress in October 2017.

In this regard, socialist modernization will be basically realized in China by 2035, and China will be developed into a great modern socialist country that is “prosperous”, “strong”, “democratic”, “culturally advanced”, “harmonious” and “beautiful” by the middle of the century.

In this context, the CPC has been striving hard to advance the building of a moderately prosperous society in all respects, promote high-quality development, deepen reforms in a rapid and steady manner, and fight poverty.

During the (2016-2021) China has made great efforts to boost ecological civilization, resolutely safeguard national security, modernize national defence and the military, and advance major-country diplomacy with Chinese characteristics. Under the strategic leadership of the CPC the last five years have been “impressive” and “inspirational”.

The “Chinese Political Troika” mainly China, CPC and Xi have succeeded to transform the Chinese economy, politics, society, administration, governance and last but not least parameters of transparency and accountability in the country.

Ultimately, it boosted its macro-economy, deepened structural reforms and protected the basic human rights of its people.

The CPC integrated macro-economic policies attracted immense inflows of the FDIs & FPIs. Therefore, as the largest developing country in attracting foreign investment, China has continuously provided economic dividends to foreign enterprises, which rightly promoted the development and growth of foreign enterprises in China.

It hopes that the 20th National Conference of the CPC will focus on people’s socio-economic prosperity, employment, social security network, “rural development”, “urbanization”, “ecology”, and “food security”.

Moreover, the CPC in the last five years has proved that its “socialism” with “Chinese characteristics” is the right path for the country’s economy, social development, governance, and success in sustainable development due to which China’s long-term economic fundamentals remained stable and sustainable and the country remained committed to further opening-up.

Furthermore, its GDP expanded at an average annual growth rate of 6.6 percent from 2013 to 2021, higher than the growth pace of 2.6 percent for the global economy and 3.7 percent for developing economies which is commendable.

Its various published official reports uphold that China contributed up to 38.6 percent on average to world economic growth during (2013-2021) more than the G7 countries combined which vividly reflects Chinese useful and effective role in the global economy and governance.

Even its macro-economy has further strengthened during 2021 and its economic aggregate accounted for 18.5 percent of the world’s total, the second largest in the world and up 7.2 percentage points from 2012.

The total value of China’s goods and services trade reached $6.9 trillion in 2021, continuing to rank top globally. According to Chinese Premier Li Keqiang, China’s GDP reached 114 trillion RMB ($17.7 trillion) in 2021, ranking second in the world and accounting for more than 18 percent of the global economy, with a growth rate of 8.1 percent.

Hopefully, China will achieve GDP growth target at around 5.5 percent during 2022.  It will also create over 11 million new urban jobs. The inflation will be controlled at around 3 percent and grain output will be over 650 million tonnes. Thus, its future economic outlook is positive.

It is good omen that the “Chinese Political Troika” has been applying integrated holistic policies to further promote the spirits of openness, inclusiveness and mutual benefits and propositions.

It has been expanding high-level opening-up, sharing development dividends with the world and contributing more to the strong, sustainable, balanced and inclusive growth of the world economy.

To conclude, the Chinese political troika should focus on furthering “Greening China”, “CPEC-BRI” so that the awaited dreams of “Climate Justice” and “Green Revolution” may be achieved in the years to come.

Systematic growth of the Small and Medium Enterprises (SMEs), Micro-financing, women empowerment, technical education, agricultural development and last but not the least, gradual phasing out of state-owned enterprises should be strategic priorities of the CPC.

It suggests that mitigation of the Western propaganda against China and the CPC may be “diluted”, “diminished” and “destroyed” with the institutionalization of immense socio-economic prosperity, gross-root delivery, people’s friendly policies and good governance.

Moreover, onslaught of the Western fake, false and fictional propaganda may also be eradicated through the “fairies of economic prosperity”, “facilitations of social harmony” and “formations of a stable and sustainable political restructuring” which should be followed at every level because political continuation is the way forward.

Reformation and showcasing of the Chinese just and peaceful “National Narrative” should be further disseminated through greater regional & trans-regional connectivity, formation of corridors of knowledge, upholding of rich ethnic diversity and promotion of multiculturalism.

In this regard, the Chinese president Xi’s “Global Development & Security Initiatives” and “Shared Prosperity” would be instrumental to dole out dividends of economic prosperity to all the developing countries.

Therefore, the 20th National Conference of the CPC will be a “milestone” in the national history of China.

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