On October 16, 2019, the Institute of South-South Cooperation and Development at Peking University gladly welcomed a group of visitors to learn China's development story. The group is comprised of over 20 high-level government officials from French-speaking African countries.
After briefly touring around the campus, Professor Yu Miaojie delivered a presentation on china's growing role in globalization and lead a lively discussion with officials about the path forward.
Professor Yu opened the presentation with welcoming remarks and introduced China'smiracles by sharing the most recent development information. Currently, we are the second-largest economy in the world and have maintained dramatic economic growth in the past four decades. Professor Yu analyzed China's development from different angles, such as the growing export rate, expanding the economic size and looking at some major economic indicators. In the past four decades, China has been hugely indebted by the opening-up and trade has become the most important driving force of the economy. Professor Yu further highlights key action steps that the Chinese government has taken to implement the export-orient strategy, join the WTO, reduce the tariff, develop processing trade, establish free trade zones and economic development zones. All the action steps gradually build up today's achievement and the experience can translate into insights for decision-makers from Africa, who are keen on learning the secret of success from China.
