Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Moscow, September 30 /Xinhua/ — China's influence on the global economy is becoming increasingly noticeable, according to Chinese Ambassador to Russia Zhang Hanhui in an article published Monday in the Russian newspaper Argumenty i Fakty.
“In recent years, as China’s manufacturing sector has transformed and upgraded, especially with the growth of emerging industries such as electric vehicles, lithium batteries and photovoltaic products – the so-called New Three – China’s influence on the global economic stage has become increasingly visible,” the publication says.
As the Chinese ambassador noted, the rise of China's manufacturing sector has been made possible by an efficient and comprehensive industrial system, a dynamic and vibrant innovation ecosystem, and a fully competitive market environment. "The right to improve the industrial sector and achieve high-quality development through its capabilities, such as innovation and creativity, is the legitimate right of China and other developing countries," the diplomat stated.
Zhang Hanhui emphasized that China's intelligent manufacturing has enriched global supply chains, making once-inaccessible technologies accessible to everyone. "Thanks to this, technological equality has advanced significantly, the achievements of which benefit people around the world," the diplomat asserted.
The Chinese Ambassador to the Russian Federation also noted that China supplies the world with high-quality goods at affordable prices, ensuring the stability of global production and supply chains, reducing the cost of living for consumers around the world, and easing inflationary pressure on the economies of various countries.
Speaking about promoting joint development among countries in the Global South, Zhang Hanhui recalled that in 2021, China published a white paper, "International Development Cooperation in the New Era," which emphasizes the principles of equal partnership, mutual benefit, capacity building, and independent development. "For many years, China has fulfilled its obligations as a responsible state by participating in international development cooperation to expand the capabilities of countries in the Global South," the diplomat emphasized.
According to Zhang Hanhui, China and Russia have consistently been supporters of the multilateral order and partners in the development of countries in the Global South. "Through joint efforts, China and Russia are creating strategic communication platforms for countries in the Global South and expanding integrated development pathways. Together, the countries are raising the banner of multilateralism even higher and increasing the scope for joint development," he said.
“China stands ready to work with Russia and developing countries with emerging economies to advance the global governance system in a more equitable and rational direction, guided by the principles of openness, inclusiveness, fairness, and mutually beneficial cooperation, for the benefit of the people of China and Russia, as well as all countries around the world,” Zhang Hanhui concluded.
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