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China remains a developing country despite its progress China remains a developing country though it has achieved a miracle in economic growth and global trade gains, says Zhou Yongmei, Professor of Practice in Institutional Development at Peking University's Institute of South-South Cooperation and Development. Even as China's economy rises,...

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🇨🇳China unveiled BIG MOVES to support Global South at G20 Leaders' Summit. It's China's eight actions for global development, here's the detail👇 1⃣is to pursue high-quality Belt and Road cooperation. On top of 700 billion yuan ($96.7 billion) added financing windows and an additional 80 billion yuan ($11.1 billion) injection into the Silk Road Fund, China is moving ahead with the development of the multidimensional Belt and Road connectivity network, one that is led by the building of a green Silk Road and will empower a digital Silk Road. 2⃣is to implement the Global Development Initiative. On the basis of over 1,100 development projects already in operation, China will make sure the Global South research center that is being built is fit for purpose, and the $20 billion of development funds will continue to be put to good use to support developing countries and deepen practical cooperation in areas such as poverty reduction, food security and digital economy. 3⃣is to support the development in Africa. Xi said that at the Summit of the Forum on China-Africa Cooperation held in September, he unveiled 10 partnership actions on joining hands with Africa to advance modernization over the next three years and, in this connection, a commitment of 360 billion yuan ($49.7 billion) in financial support. 4⃣is to support international cooperation on poverty reduction and food security. China decides to join the Global Alliance Against Hunger and Poverty, supports the G20 in continuing to convene the Development Ministerial Meeting, and will stay a committed host of the International Conference on Food Loss and Waste. 5⃣is that China, alongside Brazil, South Africa and the African Union, is proposing an Initiative on International Cooperation in Open Science to help the Global South gain better access to global advances in science, technology and innovation. 6⃣is to support the G20 in carrying out practical cooperation for the benefit of the Global South and using outcomes such as the Roadmap to Increase Investment in Clean Energy in Developing Countries and the High-Level Principles on Bioeconomy to good effect. China supports the work of the Entrepreneurship Research Center on G20 Economies based in Beijing, and supports cooperation on digital education and the digitization of museums and ancient archives. 7⃣is to implement the G20 Anti-Corruption Action Plan. China is strengthening cooperation with fellow developing countries in fugitive repatriation and asset recovery, denial of safe haven, and anti-corruption capacity building. 8⃣is that China is pursuing high-standard opening up, and unilaterally opening its doors wider to the least developed countries (LDCs). China has announced the decision to give all LDCs having diplomatic relations with China zero-tariff treatment for 100 percent tariff lines. From now to 2030, China's imports from other developing countries are likely to top $8 trillion.

Li Jingjing 李菁菁

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China's government has more to do to help its poorest citizens. While "extreme poverty" has been eliminated, there are still about 200 million people in the most remote parts of China which are living on less than $10 dollars a day, but more than $4.20 per day. As of 2023, 90% of China’s rural population had tap-water coverage. The same report said rural tap-water rate is expected to reach 92% by end of 2024. The thing of it is that China's government is fully engaged in raising more people into a higher standard of living. The government and CPC are under no illusions that everything is perfect. China is now fully engaged in a program of "Common Prosperity" to continue to raise the remain population into a higher standard of living. Some of the 2035 goals of this program are to: 1. Per capita GDP to approximately double (from 2020), reaching levels comparable with “medium-developed” economies. 2. About 80% of the population would fall into the middle-income bracket 3. Ensure equitable access to public services (education, healthcare, social welfare) across the population by 2035. 4. Narrow development gaps between regions (e.g., richer/coastal vs. less developed inland) and between urban and rural areas. Partially through increasing urbanization from 67% (now) to 80%. 5. to “basically achieve socialist modernization,” which intersects strongly with the common prosperity agenda. 6. Broadly establish eco-friendly modes of work and life; by 2035, achieve “Beautiful China” goals: improve the environment, reduce emissions (or stabilize them), and make lasting gains in ecological protection. 7. According to a human development analysis, by 2035 China expects to reach a Human Development Index (HDI) of over 0.85, which would place it among advanced nations. I continue frequently taking trips into China's deep countryside, deserts, and its remote mountains to see this progress. And its heartening.

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