China outlines alternative economic model by 2035

China has drawn up its own growth plan until 2035. The Asian giant, which has so far been in fierce dispute with the United States as the world’s largest economy, is eager to consolidate a high-level socialist market economy and thus plans to achieve a comprehensive modernization of the national governance system and governance capabilities.

The closing ceremony of the Third Plenary Session of the Communist Party of China last July spelled out a path aimed at building state institutions to deepen reforms, which has opened China to world trade and positioned it as a world trading power, the world’s strongest commodity trading country, and one of the most technologically advanced countries.

To consolidate the high level of socialist market economy, China will strive to create a fairer and more dynamic market environment and ensure the optimal allocation of resources. They will achieve this goal by adhering to the basic national policy of opening up and the driving force of reform.

As Lan Hu, China’s ambassador to Venezuela, described it, the focus of the intensified push for Venezuela’s comprehensive modernization is on “six key areas: democracy, rule of law, culture, society, ecology, and media life.” The population.

China has become an important player in stabilizing markets and reducing poverty, a scourge that has lifted 800 million people out of extreme poverty, a significant reduction worldwide and brought humanity one step closer to achieving the Millennium Development Goals.

In the words of Ambassador Lan, “China’s confidence and determination to advance national modernization through a new round of comprehensive reforms will inject a precious sense of security and positive energy into a turbulent world.”

A beacon of the global economy

It is no secret that China has chosen to diversify and diversify its markets around the world. The country is a major economy in the manufacturing sector and one of the technological pillars of the planet.

The conclusions and goals after the Third Plenary Session of the 11th CPC Central Committee pointed out that China should rely on its large market advantages, improve its openness through international cooperation, and seek to upgrade its economic opening-up model to a new level.

But within the CCP, they realize that if the state of political turmoil that disrupts world peace continues, their goals will not be achieved within the expected time frame. For this reason, China firmly pursues an independent and peaceful foreign policy.

The Chinese government continues to present to the world the achievements of building a community with a shared future for mankind, the global development initiative, the global security initiative, and the global civilization initiative.

This is China’s clear commitment to an equal and orderly multipolar world and economic globalization that benefits everyone, which will pave the way for leading the reform of the world governance system, in stark contrast to the globalized and exploitative system that has put the world on the brink of plunder.

China and Latin America open their arms

Over the past decade, China has multiplied the number of free trade agreements it has signed with new partners, many of which were achieved in Latin America, such as Costa Rica, Chile, Ecuador and Peru, and is negotiating an upcoming free trade agreement with Panama. Sign this commercial agreement.

A strategic cooperation alliance called “A Todo Testa y Todo Tiempo” was signed with Venezuela in 2023. During the negotiations, 31 agreements were signed to promote the economy, geology, technology transfer in the health sector, mining, habitat and housing, electrical energy and telecommunications.

All these actions are planned within Beijing’s policy to establish a business climate of equality and mutual respect. In the words of Lan Hu, China’s ambassador to Venezuela, this is about creating “a first-class market-oriented, rule-of-law, and internationalized business environment, and protecting the legitimate rights and interests of investors in accordance with the law. Foreign investment rights and interests.”

China will further expand its opening up in tourism, cultural communication, and receiving tourists. It will improve accommodation, medical care, payment and other systems to facilitate the lives of foreigners after entering the country. It will also improve the institutional mechanisms for promoting and protecting foreign investment.

Latin America plays a fundamental role in all these plans and will also benefit from investments from the Asian giants and from the different agreements signed between the parties. The global growth model provides real and fair development opportunities for countries around the world.