Developing countries in Africa and other regions, too, have met with moderate success in alleviating poverty.

Also, because of its close economic and trade links with the outside world, China has been the world's largest trading country in goods over the past three years; it ranked second in terms of service trade. And in spite of the decline in its foreign trade volume owing to falling commodity prices and shrinking global trade, China's trade volume still exceeded 24 trillion yuan in 2015, 13 percent of the world's total, contributing 30 percent to global trade growth.

China's trade with other countries and the "Made in China" label have helped strengthen economic globalization and stabilize the world economy. During the 13th Five-Year Plan (2016-20) period, China's outbound direct investment is expected to exceed $500 billion and imports are expected to reach $10 trillion, meaning it will continue to power the world's economic recovery and stabilize global growth while helping reduce unemployment and poverty worldwide.

The rising status of the yuan in the global currency system means countries can use it as a foreign exchange reserve to prevent risks, and thus ensure global economic stability. Besides, China's endeavors to build free trade zones with other countries, its Belt and Road Initiative and the establishment of the Asian Infrastructure Investment Bank all symbolize China's accelerated efforts to strengthen globalization. And its voluntary actions as a responsible country will help expedite global economic recovery and promote the world's healthy economic development.

China's stable development indicates it will always seek peaceful development and help alleviate poverty and reduce unemployment worldwide.

The author is a researcher at the Institute of Quantitative & Technical Economics, Chinese Academy of Social Sciences.

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