Firmly hold high the banner of socialism—wishing the Communist Party of bet365 live casino games and the Communist Party of South Africa their centenary birthdays
June 30, 2021 09:42 Source: "Chinese Social Sciences Journal" Issue 2197, June 30, 2021 Author: [South Africa] Gaya Joshi/Translated by Zhang Li

July this year,China will celebrate the 100th anniversary of the founding of the Communist Party of China。At the same time,South Africa will also celebrate the 100th anniversary of the founding of the South African Communist Party。over the years,The Communist Party of China continues to develop the theory of socialism with Chinese characteristics,The practical achievements of socialism with Chinese characteristics have promoted tremendous social and economic development。bet365 live casino games rapid economic growth,The urban employment population continues to increase,R&D expenditure increased significantly,The ecological environment has been improved,Absolute poverty eliminated。At global level,bet365 live casino games “One Belt, One Road” initiative is underway in Asia、A huge impact on Africa and Eurasia。bet365 live casino games infrastructure investments in Africa and Eurasia are having a positive impact on lives and economies in these regions。These achievements are inseparable from the Communist Party of China,Inseparable from the cause of socialism with Chinese characteristics。

The success of bet365 live casino games path is inseparable from bet365 live casino games role in the global economy and global governance。bet365 live casino games new agenda for economic transformation and upgrading will be dedicated to expanding domestic consumption,Promote new industrialization、Informatization、Urbanization and agricultural modernization,Achieve green growth,Create new opportunities for the balanced development of other economies and global sustainable development。Forms of cooperation and trade in multilateralism、The new investment model is rapidly becoming an integral part of bet365 live casino games new development model。Therefore,As China takes a greater leadership role in the world,Multilateral elements will become a catalyst to promote international investment and the interconnected economy。Multilateralism can ensure better utilization of global resources and mutually beneficial investments that achieve full employment。From 2016,RMB becomes a basket of reserve currencies (SDR) of the International Monetary Fund (IMF),This provides China and its emerging and developing economy partners with an effective financial tool to coordinate international investment and trade relations。In international reserve currencies in 2016,RMB ranks third,This provides China with a way to coordinate its efforts with the BRICS、Eurasian Economic Union、SCO、Opportunities for multilateral cooperation and trade and investment relations between ASEAN and other economies and developing economy partners。Currently,China and many other countries are exploring central bank digital currencies (CBDC),To facilitate market transactions,This measure is extremely beneficial to developing countries and emerging economies。The “Belt and Road” initiative will also strengthen bet365 live casino games multilateral cooperation development model,Promote developing countries and emerging economies to jointly boost domestic demand、Employment and global economic recovery。

With bet365 live casino games new round of structural adjustment,China is shifting its international investment focus to developing countries and emerging economies。China is the best international partner for African developing countries and emerging economies,bet365 live casino games economic adjustment will benefit sub-Saharan African countries in three aspects。First,As bet365 live casino games demand increases,Commodity prices will rise in the region。Second,Due to increased productivity and improvements in China,Sub-Saharan Africa will benefit from cheaper imports。Third,bet365 live casino games industrial transfer to the region will bring significant benefits to countries in the region。

Today,The whole world,Especially developing countries and emerging economies,Experiencing a major social and economic crisis brought about by the COVID-19 epidemic。so far,bet365 live casino games successfully curbed the spread of the virus。What’s more important,bet365 live casino games is one of the few countries to achieve economic growth in the first quarter of 2021。bet365 live casino games is willing to provide help and support to developed and developing countries in crises,This is an important progress in global epidemic prevention and control。In addition,bet365 live casino games has also developed an effective vaccine against the virus,And provided free of charge to many developing countries。Practical demonstration of responding to the new coronavirus epidemic,Developing countries and emerging economies can rely on bet365 live casino games in times of need。

These achievements are inseparable from the important role played by the Communist Party of bet365 live casino games in the process of building socialism with Chinese characteristics over the past century。Building socialism does take time,But in the long run,Serving the people wholeheartedly、Under the leadership of the Communist Party of bet365 live casino games,This wish can be realized。

(The author is the former director bet365 live casino games BRICS Research Center bet365 live casino games South African Humanities Research Council、Visiting Professor at Zhejiang University International Business School)

(Translator: Institute of Marxism, Chinese Academy of Social Sciences)

Editor: Zong Yue
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