A millenial dream, forged in a century: China’s journey to prosperity

Late 1970s, in the early years of reform and opening up, national leader Deng Xiaoping used the term “Xiaokang” to present his vision of China’s modernization for the first time.Through perseverance and effort over these years, China achieved basic moderate prosperity at the end of the 20th century as scheduled.

China’s GDP soared from RMB67.9 billion in 1952 to RMB101.6 trillion in 2020. As the world’s second largest economy, it accounts for over 17 percent of the global total. More than 1.4 billion Chinese people’s rights to subsistence and development are well protected. They have access to childcare, education, employment, medical services, elderly care, housing and social assistance. People are favoring the concept of lucid waters and lush mountains are invaluable assets. A basic national policy of resource conservation and environmental protection has been adopted.

China’s prosperity is a contribution to world peace and development. Leading the world in both scale and extent, China has been the largest contributor since 2006, making an average annual contribution of more than 30 percent of world economic growth. After the outbreak of Covid-19, it was the first country to contain the virus, reopen its economy, and achieve economic expansion.

The eradication of absolute poverty in China contributes to the realization of target set by the UN 2030 Agenda for Sustainable Development 10 years ahead of schedule. It has provided impetus, created opportunities and explored paths for the world to tackle the challenges of poverty and achieve economic recovery, and contributed to building a community with a shared future for mankind.

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