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Current Location: Home Page » Tulaoge InfoNews » Eileen‘s Commentation » Article

Who Can Make a Turnaround of the “New Normal”?

enlarge font  reduce font Release Date:2014-11-20   Author:Naruis Eileen   Browse Times:1394
Naruis Eileen 【An expert lecturer from “Feng hui lu zhuan” Wisdom Lecture Platform】

Who Can Make a Turnaround of the “New Normal”?

   
    The Water Cube is like a place of blue sky holding up APEC in China, where China announced to the world its starting of “new normal”. This also calls for that countries around the world shall also adjust their mind and limit the differences to actively adapt to the new normal. 

   In Brisbane, as the G20 member in 2015 and 2017 and presidency country in 2016, China effectively contributes to the approval of Brisbane Action Plan, which is expected to achieve 2.1% more global economic growth, create 2 trillion more production value and create millions of jobs in the upcoming 5 years.

   Therefore, President Xi expressed important remarks entitled Promote Innovative Development and Realize Joint Growth. He stressed that China will maintain the strong economic growth and contribute more to the global economic growth. 

   Therefore, we think the blue skies during APEC summit will not a show. China is confident to have the two One Hundred Years Dreams come true. And also China has the confidence to bring the blue sky, white cloud, clean water and happy life for the people and the world within the frame of two One Hundred Years Dreams. 

   Under this frame, what extra burden would come from the U. S. – China Joint Announcement on Climate Change? It is definitely not necessary to worry and doubt about it. 

   By reviewing the world economy development course, we found that the dominant strength to around world economy around is no longer in Europe and America, as the rotator of European and American developing countries that previously dominate the high running of world economy is set back by global economic crisis for eight years and remain depressed since then. Western countries have generally fallen into the mud of debt, low market demand and surplus production; and their reliance on financial deficit and printing more money to stimulate consumption and demand cannot maintain for long and is full of crisis. The fact of eight years proves that up to now no European and American country is able to turn the western countries and world around. As analyzed by President Xi on G20 summit, “the world economy recovery is not yet strong; financial market still has risk; international trade remain low”. International organization predicts that this year the world economy will growth by 3.3% and international trade grow by 3.1%, all lower than the level before international financial crisis. 

   Since Asian financial crisis and the new century, the emerging market economies, including BRICKS countries, maintain decades of high growth and also appear decline trend from the peak. The market capacity volume in other emerging entities is quite limited and not sufficient to get the dominant voice and decision right, except China. Meanwhile, through ten years of extensive development, the accumulated conflict and crisis of hot-money supported assets bubble start to break out. 

   Though the resources concentrated Middle East countries are rich, they don’t rank internationally high and their lifeline is not independent. They are dually controlled by American military and Trust. The oil in Middle East has become the “second US dollar” to control the world by U.S.A. 

   Therefore, American Pacific Funds Management Company President Erian put forward the term “new normal” to describe the slow and hard economic recovery process at post-crisis era. 

   Since the establishment of market economy, the world economy recovery period is never dragged so long. That is because people are accustomed to the thinking pattern of “the stronger will always be strong and the weaker always weak” and don’t know how to make a turnaround and thus cannot be survived.

    Make a turnaround. Who can turn the new normal in the world?

   Nothing is good or bad. It depends on how you see it. And the same applies to the words. It depends on your mind.

   This May, President Xi Jinping used “new normal” for the first time during his visit to Henan. “China’s economy is still within the critical period of strategic opportunity, and we should adapt to the new normal and strengthen confidence to keep a strategically normal mind”, he said confidently. Thereafter, on the meeting with non-Party personage, he re-used the word “new normal” to unify the scientific judgment on the economic situation both at home and abroad. During the APEC summit this month, he systematically explained the theory of Xi’s “new normal” and opened a new era in state governance.

   What wisdom can we see from President Xi’s “new normal” – the wisdom of overall observation, capitalization on the trend, survival in change and detailed analysis. From last year he repeatedly stressed that the baseline thinking and tough mind should be established. This year he changed the words “tough mind” to “new normal”, which pushes the thinking much further and thus forms the way guiding China to support the blue sky during APEC and promotes the approval of Brisbane Action Plan.

    This way is potentially able to break the benefit fence blocking reform and opening-up. Being the second largest economic entity with the largest trade volume in the world, China never stops its pace in reform and opening-up and rule by law. More than 330 reform measures in fifteen areas from the Third Plenary Session of the Eighteenth Central Committee are being carried out smoothly. The government streamlines administration and decentralizes power. A new situation of massive starting business and innovation is taking shape. During the three quarters this year, the newly established enterprises in China increased over 60% than last year. Meanwhile, the previous situation that only the generations of corruptible officials and the rich can afford to go abroad is changed; access to administrative verification and approval for external investment is fully opened. It is no longer an empty call for Chinese to go abroad and have the world know China. As the successor session of the Third Plenary Session of the Eighteenth Central Committee, the Forth Plenary Session further listed more than 180 reform measures into the “general reform list”. CPC is treating the state affairs with a scientific, reasonable and good “new normal”. 

   This way goes further than the “three forces” (international terrorism, religious extremism and national secessionism) trying to harm the Asia-Pacific region. European and American economic sanctions on Russia with respect to the issue of Ukraine not only provides us with the second lifeline of petroleum, which is unlimited by the strong American marine power, but also promotes forward the stable establishment of silk economy “One Road and One Belt” at Asia-Pacific region. 

   This way goes further than the TPP and TIPP used by America to exclude the rising countries. China takes the lead to establish Asian Infrastructure Investment Bank and the blueprint of FTAAP (Free Trade Area of the Asia-Pacific) considered for eight years is put forward, which is a powerful counter stroke to America’ TPP. The state heads wearing neat oriental purple clothing, a propitious omen, accepted this hint.

   This way goes further than the western restriction on hi-technology export. One tip of China’s top military strength is unveiled During the Zhuhai Air Show, in which not only showed its sufficient capability for defense but also would potentially become a strong weapon supplier.

   This way is like drawing a word during the tow summits. How could it be generally recognized and implemented around the country, and how could it gain support and participation from the international community? They key relies in ourselves. Doing well of ourselves and being a large learning country is an eternal training subject for us. 
 
 
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