by Edna Alcantara, Wu Hao
MEXICO CITY, Dec. 19 (Xinhua) — Building a community with a shared future for mankind will help the recovery of the world economy and China’s role will be essential to achieving this, said a leading Mexican academic expert.
The COVID-19 pandemic has revealed the need to go forward unitedly to find new ways to face multiple challenges in various areas, such as the economy, and the way to do this is to build a community with a shared future for mankind, Jose Ignacio Martinez Cortes, an academic and researcher with the National Autonomous University of Mexico, told Xinhua in a recent interview.
He agreed with the economic forecasts claiming China as one of the few countries that will have significant growth by 2021, adding that this will strengthen international trade.
He said China led the world in economic recovery through global value chains and supply chains, where significant economic growth can be generated.
“This is where China’s support to promote international free trade rests,” he said.
“It is necessary to move towards a community with a shared future, because the recovery of the world economy is not that of a single country, but of a group of nations,” said the expert, emphasizing that over the next year, lifting barriers on free trade to strengthen international commerce will be even more necessary.
Martinez said China’s support for multilateralism is “the best way” to respond to the current needs and for the global economy to recover.
Despite COVID-19, China’s diplomacy has not stopped, but has expanded to health, which includes promoting cooperation so that the vaccine against the virus becomes a universal good.
He also highlighted the fact that China is fighting for new virtual cooperation. “China has prepared to promote new technological development and, without a doubt, this new diplomacy lays the foundations for the transition towards what we will have in the next few years, which is 5G around a new scientific-technological revolution, the development of Industry 4.0,” he said.
China’s gross domestic product grew by 4.9 percent in the third quarter compared with last year, faster than the 3.2-percent growth in the second quarter, according to the National Bureau of Statistics of China.
Additionally, in the latest World Economic Outlook, the International Monetary Fund projected China’s economy to grow by 1.9 percent in 2020, 0.9 percentage points above its June forecast, making China the only major economy that will see positive growth this year. Enditem
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