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Step back for a better view of China

Daryl Guppy
Daryl Guppy5/6/2022 09:32 AM GMT+08  • 6 min read
Step back for a better view of China
The 2021 United Nations Climate Change Conference, more commonly referred to as COP26, confirmed China’s commitment to carbon reduction and to other efforts to develop green economies. Photo: Bloomberg
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The Shanghai market was closed most of the week for the May Day holidays, so it is a good time to step back and consider the larger picture that embraces policy and economic development.

It is this picture that helps set the investment and business proposals that are a priority in Government settings. These are the ‘darling’ areas of economic development and investment opportunity.

China takes a different view on economic development and the way it is used to alleviate poverty. The country’s philosophical position on economic development places poverty alleviation as a core purpose and Chinese policy decisions are framed by this context. President Xi Jinping’s support for the UN Global Development Initiative (GDI) is part of this process.

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