5 Milestones You Have to Know about PRC “Open Door Policy”

19/12/2018

The West would like change China, but is China that is changing the world. Nowadays PRC is arise again as superpower, from the “factory of the world” to the world forerunner

 

After the end of Cultural Revolution,nobody could imagine that China could sit again on the same table of world’s superpower. Today PRC is the second economy in the world, hi-tech leader and so far from utopist dream of Chairman Mao. On tuesday China marked  40 years of economic reform.

“What’s a road? A trodden path in a place where there was previously no road and a passage opened from a place where there were only thorns,” said the Chinese author Lu Xun, quoted by Xi Jinping During his speech in Beijing. From the “factory of the world” to the world forerunner: how have the politic opening changed the history and the world?

 

 

“不管黑猫白猫,捉到老鼠就是好猫” – Doesn’t matter the colour of the cat if it catches mice

 

This was one of the most famous quotation of PRC former leader Deng Xiaoping, Chinese economy miracle main architect. 40 years have passed since Deng Xiaoping’s reforms policy and, during these years, China has changed as no one expected. From foreign eyes, the Middle Kingdom is unrecognizable from the country it used to be and it continues to change day after day in both its economic environment and city framework.

Nowadays, the PRC is the second world’s largest economy and the world’s biggest manufacturing country. So called 改革开放政策 – Open Door Policy let China to become the superpower it used to be, while today the private sector now produces more than 60 percent of the nation’s economic output, employs over 80 percent of workers in cities and towns, and generates 90 percent of new jobs.

 

800 Million People have Risen Out of Poverty

40 years of reforms - ancient china - cifnews

 

In the uncertain years after Mao’s death, China, was just recovering from decades of political and economic turmoil. There had been progress in the countryside, but more than three-quarters of the population still lived in extreme poverty.

After 40 years of economic reforms, 800 million people have risen out of poverty, That’s two and a half times the population of the United States. China now leads the world in the number of homeowners, internet users, college graduates and, by some counts, billionaires. Extreme poverty has fallen to less than 1 percent. Today China is world’s leader in fintech, robotics, e-commerce and other hi-tech sectors and western giants such as Facebook or Amazon are copying Dragon’s new trends.

 

 

The American Dream is Still alive, in China!

 

China is the second economy in the world, but still have a gap comparing with United States. But the Chinese have taken a commanding lead in that most intangible but valuable of economic indicators: optimism.

Pollution and other contradictions seem like pretty good reasons to be down on a country, But PRC is actually brimming with optimism.  According to a recent survey conducted across 15 nations, Chinese people have the most positive outlook on their country and the world. Today almost 92% of Chinese youth were optimistic about their own country’s future, compared with 64% of their American counterparts. In the adult group, 88% of Chinese were positive about the future of China, compared with 56% of those in the US.

At the same time, Beijing invested in education, expanding access to schools and universities, and all but eliminating illiteracy. Nevertheless many critics, China now produces more graduates in science and engineering every year than the United States, Japan, South Korea and Taiwan combined.

 

China is Leading Global Shift to Renewable Energy

 

Now, ever half of world’s new solar capacity is in China. Beijing is  pushing investments in renewable energy, last year they have gown at a record pace as countries look to move away from fossil fuel-based power production to eco-friendly generation.

Global investment in renewable energy continued its upward trajectory last year, raising the proportion of world electricity generated by green sources like wind, solar, biomass and geothermal to a new high,  revealed the Global Trends in Renewable Energy Investment 2018 report, released last month by UN Environment, the Frankfurt School-UNEP Collaborating Center and Bloomberg New Energy Finance.

According to UN, last year, global investment in renewables exceeded $200 billion, since 2004, the world has invested about $2.9 trillion in green energy sources. The lion’s share of this investment went into expanding solar power production, with the world installing a record 98 gigawatts of new solar capacity last year, far more than the net additions of any other technology — renewable, fossil fuel or nuclear.

 

 

Goodbye Green Train: China is leading HSR sector

 

By now, China has the longest high-speed rail network, representing almost the 65% of the total global mileage. According to the International Union of Railways, at present some 1,600 million passengers per year travel by high-speed trains in the world, of which 800 million are in China, 355 million in Japan, 130 million in France, and 315 million in the rest of the world.  China aims to extend its HSR network to 30,000km by 2020 and to 38,000km by 2025. By then, the Dragon country will have a total rail mileage of 175,000km (conventional- speed as well as high-speed), connecting over 80% of its major cities nationwide.

Domestically PRC plans to have rails running across the whole country.  What explains this great technological leap forward? High-speed rail has helped to integrate regional economies such as Beijing-Tianjin- Hubei area, Shanghai-Zhejiang-Jiangsu cluster or Chengdu-Chongqing.

In shorts words, HSR let China have what we call “commuting”. The recent experience with high-speed rail and a closer look at the data reveals that high-speed rail has been, and is set to be, a vital part of China’s growth strategy. China’s high-speed railway has also gone global

 

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