Expert: Globalization contributes to China's reform and opening up

By He Shan
0 Comment(s)Print E-mail China.org.cn, August 29, 2018
Adjust font size:

"The success of China's reform and opening up is largely attributed to globalization that put China on a fast track of development," said Zhou Muzhi, a professor of economics at Tokyo Keizai University and head of the Cloud River Urban Research Institute, in an interview with China.org.cn. 

"The fruits of China's reform and opening up were not gained overnight but after a long period of intense efforts," he said.  

China's exponential economic growth took place after 2000 because of its admission to the World Trade Organization (WTO), and because of the changes to policies that once curbed urbanization, especially the strategy of big city development defined in the 11th Five-Year Plan, the professor said. 

"Joining the WTO helped open up the Western market to China, and cleared the way for a role in global trade, putting China on a high growth trajectory,'' Zhou said. 

In 2007, China replaced the U.S. to become the top contributor to the world economy, according to an IMF report. When the US slumped into negative economic growth and held back the world economy during the financial crisis in 2008, China's remarkable economic contribution won worldwide recognition. 

However, China's reform and opening up has entered a critical stage, he asserted. 

Zhou said China's biggest advantage – low-cost labor, land, environment and taxes – is diminishing. 

China as an economic juggernaut after 2000 allowed some problems to be shelved, but the problems are getting worse today. 

He said that the solution to those problems is to open wider to the rest of the world. 

The relentless growth of China's economy was coupled with the physical expansion of Chinese cities over the past 40 years. 

Nearly 20 years ago, Zhou led a survey on urban policies, which accurately projected that the Pearl River and Yangtze River deltas and the Beijing-Tianjin-Hebei region would become China's three major megalopolises and absorb large populations and industries. 

Zhou said the projection proved true because it was based on an understanding that globalization is in essence about exchange and trade.  

"Whoever plays a better role in exchange and trade can develop," he said. "In China, the three areas are most active in engaging in exchange and trade." 

According to his research, in the 35 years from 1980 to 2015, 92 cities in the world saw their population expand by more than 2.5 million. The list included 30 Chinese cities, mainly coastal and central. 

After the 1980s, industries and populations were routed to cities that were more open and more dynamic, because the more open the cities are, the better their economy can perform, he concluded. 

"Coastal cities and central cities are ideally more open, " he added. 

In his eyes, well planned urbanization needs a holistic top-level design and comprehensive policies and systems. 

He proposed that China's urbanization should have four social goals: An intensive society; a mobile society; a sustainable society and the fourth is a civil society. 

Zhou said China's urbanization kicked off without a good top-level design and supporting policies, spurring many conflicts that have become even more complicated in the course of urbanization.  

He argued that sound urbanization needs a holistic approach to reforms in household registration, the land and taxation systems, public services, social security, and administration. 

Zhou said China's neighbor – Japan – has experience that China can emulate. 

China and Japan both benefitted from an open market and experienced rapid urbanization, but Japan has become more open than China in the past 20 years as the bursting of the asset bubble urged Japan to launch a slew of reforms.  

Zhou said that the lesson China can learn from Japan is to rely on further opening up to solve problems it faces. 

"Opening up will bring three benefits," he said. "The first is to unleash more dividends, the second is to push for reforms to drive down rising costs, and the third is to better align the Chinese economy with the world economy." 

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:    
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 农村野战videossexjyzz| 国产精品伦一区二区三级视频| 国产中文字幕免费| 俄罗斯乱理伦片在线观看| 大佬的365天第三季完整视频在线观看| 中文字幕一区二区三区有限公司| 日韩成人免费在线| 俺去俺也在线www色官网| 色综合久久中文字幕无码| 国产性猛交╳XXX乱大交| 波多野结衣久久| 国产精品美女一级在线观看| 中文字幕日韩有码| 日本片免费观看一区二区| 亚洲美女视频网址| 精品一区二区三区在线播放视频| 国产一二在线观看视频网站| 黄色网址中文字幕| 国产成人高清精品免费鸭子| 香蕉视频一区二区三区| 国产网站免费看| 99re热这里只有精品视频| 天堂资源在线种子资源| 久久久伊人影院| 日韩加勒比在线| 亚洲欧美日韩专区| 美国十次啦大导航| 国产成人女人毛片视频在线| aaa特级毛片| 好叼操这里只有精品| 久久精品无码专区免费青青| 欧美亚洲另类综合| 亚洲国产精品无码成人片久久| 欧美综合一区二区三区| 亚洲综合无码一区二区三区| 狠狠色综合网站久久久久久久| 国产三级A三级三级| 隔壁女邻居在线观看| 国产精品无码V在线观看| 91麻豆精品激情在线观看最新| 在线视频www|