Whether fighting climate change, promoting scientific discovery or pursuing economic stability, China should act like a transparent global power

China has not only restored its traditional position at the head of the Asian order but has become a truly global power. However, this status carries with it certain responsibilities and expectations, including being transparent and open

4-MIN READ4-MIN

People pass by a flower bed titled “Community with a Shared Future” in Beijing on September 24, one of 12 such beds built along Changan Avenue to celebrate the 70th anniversary of the founding of the People's Republic of China. Photo: Xinhua

Andrei Lungu is president of the Romanian Institute for the Study of the Asia-Pacific.

Published: 10:30am, 27 Sep 2019Updated: 10:50am, 27 Sep 2019

When the People’s Republic of China was proclaimed in 1949, almost 40 years had passed since China’s territory was last administered by a functional central government, the Qing dynasty. This period of chaos and war affected hundreds of millions of lives. In 1949, life expectancy in China was somewhere between 35 and 40 years.

Today, it has reached 77 years, almost equal to that of the United States. But the real miracle has happened over the past four decades. Since 1978, more than 800 million Chinese people have lifted themselves out of poverty through hard work, intelligence, creativity and effervescence, as the government adopted a policy of opening up to the outside world and encouraging private initiative.

Today, as the world’s largest economy – measured by purchasing power parity – or second-largest by nominal GDP, China has not only returned to a position it occupied for almost two thousand years, but has surpassed it. For the first time in its history, China has transcended the limits of a regional power in Asia, becoming a global power, a status which it isn’t accustomed to.

From the stock market value of US companies like Apple, Boeing or Caterpillar, and property prices in Sydney, to soybean production in Brazil, infrastructure in Africa and the European luxury-brand industry – all have come to depend on China.