Political parties meet to improve global economy

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The CPC in Dialogue with the World 2016 kicks off in Chongqing on Oct. 14, 2016.

The CPC in Dialogue with the World 2016 kicks off in Chongqing on Oct. 14, 2016.

Over 300 delegates from 72 political parties and organizations in 50 countries convened in southwest China's Chongqing Municipality on Oct. 13-15 for the CPC in Dialogue with the World 2016, an annual international dialogue aiming for closer interparty ties between the Communist Party of China (CPC) and the world.

Dialogue echoes G20 Summit's spirit

This year's theme "Innovation of Global Economic Governance: Initiatives and Actions of Political Parties" of the Dialogue reflects topics also discussed at latest G20 Summit in the Chinese city of Hangzhou in September, and highlighted the role of political parties in national affairs.

At the G20 meeting, international leaders pledged enhanced cooperation to deal with sluggish world economic recovery. It has been eight years since the latest international financial crisis began; however, most developed countries have not yet been able to regain the three-percent growth rate, emblem for economic expansion. Meanwhile, unemployment stands at a historical high.

Political parties, especially those in power, have a big role in motivating citizens to fully participate in national affairs, so that their philosophies and actions directly influence government policies, and hopefully promote an inactive economy to get out of difficulties.

A good system of global economic governance requires global efforts and wisdom. It is a major issue for all countries and a shared responsibility, said Liu Yunshan, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, in his keynote speech at the opening ceremony of the Dialogue.

Interparty vision and wisdom highlighted

The Dialogue, focusing on the visions and missions of political parties on global economic governance, seeks to strengthen interparty communications and subsequent better understanding and cooperation.

Sergey Zheleznyak, deputy secretary of the General Committee of United Russia, the country's largest party, said he welcomed such a practical dialogue and his party, which is chaired by Russian Prime Minister Dmitry Medvedev, had maintained close relations with the CPC.

Former French Prime Minister Dominique de Villepin said the world has failed to cooperate enough in the face of current challenges such as growth issues and terrorism. To act collectively means there should be an understanding of common problems and common rules, he said.

"As the ruling party of China, the CPC is responsible for the country's economic development strategies. China's rapid growth over the past decades has reflected the effectiveness of CPC governance," De Villepin said. "I think President Xi's idea is right to have a strong and mobilized party in order to give China the tools to find order, discipline and modernization, understanding and dialogue, which are the precondition for being able to face these challenges."

Former Canadian Prime Minister Jean Chrétien believed the "CPC in Dialogue with the World" would help the CPC to "hear the views of people who are not living in China, who have different experiences."

Ed Miliband, former leader of the Labour Party as well as leader of the Opposition of the United Kingdom, warned of possible negative impact from new technology, showing that blindly depending on this to lift the world economy might lead to unwanted results.

"For example, driverless trucks will threaten the three million people in the trucking industry in the United States. A lot of them will have to look for different jobs," he said. "So, new technology will bring benefits in terms of productivity, and growth and wealth, but will also produce massive challenges, to exacerbate inequality."

'Belt and Road' Initiative lights up global growth

In the eyes of leading economists at the Dialogue, China's "Belt and Road" Initiative is the very innovative solution to the world's economic difficulties.

It would lead to global investment on infrastructure, which will create employment, demand and the room for economic structural reform in all countries, said Justin Lin Yifu, a Chinese economist and former senior vice president of the World Bank. The sudden increase in demand from the "Belt and Road" will create the room for economic structural reform, the remedy for economic stagnation, he said.

Lin predicted that investment on infrastructure in developing countries would lead to increase of imports, which would come from the exports of developed countries, producing a win-win result from the "Belt and Road" Initiative.

Abhisit Vejjajiva, leader of the Thai Democrat Party and former prime minister said that the "Belt and Road" Initiative "harmonizes the agenda of ASEAN countries with better connectivity." He echoed Liu Yunshan's speech that the "'Belt and Road' is not a recital by China, but a symphony by all countries connected to it."

"Amity between peoples is what matters most in bilateral relations. As leaders of political parties, we represent the people. I believe the CPC's world dialogue will help deepen mutual understanding," said Abhisit, adding that whoever is the ruling party in Thailand should vigorously develop bilateral relations.

On the sidelines of the CPC in Dialogue with the World 2016 conference, the Dialogue between the CPC and Political Parties of Countries along the Mekong River was held, aiming to properly handle the relationship between global and regional governance. In addition, CPC officials and more than 70 officials representing 15 African political parties attended the second China-Africa Political Parties Theoretical Seminar and held discussions on the themes of "the role of political parties and government in leading economic growth" and "opportunities and challenges in China-Africa cooperation."

Song Tao, minister of the International Department of the CPC Central Committee (IDCPC), said 2016 was the 60th anniversary of China-Africa relations. For the past six decades, China has been supporting African countries to unite and to achieve progress, as well as speaking in the interest of developing countries, including those from Africa.

Song said that promoting global economic governance would create better equality. He said the CPC and African political parties should explore a most suitable development path of their own and move forward the practical cooperation between China and Africa.

 Don't miss: Full text for Chongqing Initiative

In addition to dialogues and seminars, delegates were given a guided tour of the CPC Chongqing Municipal Committee, during which they were briefed on the practice of the "five development concepts" of the city.

Upon the conclusion of the Dialogue, delegates agreed upon a 16-point Chongqing Initiative, emphasizing that political parties and politicians worldwide should bear in mind the interests of their own countries and that of humanity, boost exchanges, forge consensus, promote cooperation and push global economic governance on to a more just and equitable path.

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