The emergence
of China as the world's fastest growing economy has remained an intriguing
phenomenon among researchers and historians, but the reality is that the
country has over the last 40 years, sustained an irreversible trajectory of
developmental activities.
Presently, the country has become famous for a steady
economic growth that is knowledge-based and driven principally by a focused
leadership; a vibrant and hard-working population propelled by patriotism.
In a
situation where the population of about 1.6 billion people would have posed a
developmental albatross, the successive visionary leaderships in China have
translated it into an advantage hence productivity has become a norm.
This has been
made possible through an economic diversification programme that focuses on
agriculture, technological innovation, trade, commerce and industrialisation.
Despite operating a communist system, the founding fathers and leaders of the
country were able to realise and impress it on their citizens that communism
was not synonymous with poverty.
Therefore, to
be able to integrate their country into the global economic system, the leaders
embarked on a conscious and deliberate policy of opening up the business
environment for new ideas and innovations, and the result is the quantum
economic leap which the country has witnessed in the last 40 years.
Whereas the
visionary leadership of Mr. Xi Jinping had projected to build a
"moderately prosperous society," his government's proactive actions
have enabled China to surpass the country's expectations with the various
enabling socio-economic policies being put in place. China is projected to
become the world's largest economy in the next 10 years, surpassing the United
States in all economic aspects.
Perhaps, it
can be said that the vision of the Chinese leader, Mr. Xi Jinping to lift his
country to a higher economic pedestal globally is encapsulated in what he
described thus: "The original aspiration and mission of Chinese Communism
is to seek happiness for the Chinese people and rejuvenation for the Chinese
nation." His leadership thrives in the belief that there is an umbilical
cord binding the people and the leadership. Simply put, they are intertwined by
fate and inseparable.
It can be
said that what distinguishes China from other countries is that the people have
remained the focal point of government programmes and policies, and the Xi
Jinping administration seems to have adopted it as the driving philosophy.
This is
summed up in his address to the 19th National Congress of the Communist Party
where he said: "We must regard as our goal the people's aspirations to
live a better life, and rely on the people to move history forward." So we
see a leadership that is people- oriented, and driven by the vision to lay a
solid foundation for the country.
Going by the
historical accounts of how China embarked on sweeping economic and political
reforms using the Communist Party of China as a platform, it is obvious that
their policy of home-grown solutions to complex domestic and global problems
has worked and is still working.
While China
has remained receptive to globalisation in terms of emerging challenges, they
never imposed their will on other countries rather the phenomenal growth of the
country has become a source of inspiration to many countries around the world.
In the
aviation industry, education, trade, commerce, infrastructure and housing,
China has already stamped its footprints on the sands of time. Indeed, they
have left many contemporaries including Nigeria and the rest of Africa behind
hence their new rapprochment with Nigeria and other developing countries seems
like a soothing balm.
Going by
official statistics, China has lifted over 60 million of her citizens out of
poverty while the poverty head count ratio has been reduced from 10.2 per cent
to less than 4 per cent. There is also a significant growth in empowerment, as
the country has recorded the creation of over 13 million urban jobs yearly.
There is a
clear indication that China is the world's largest developing country with a
resolve to continue on the part of reforms and opening up. Truly, China has
opened up to the world, as they have used various mass communication tools like
television, internet, newspapers, radio and the social media to integrate the
country into the global system. Suffice it to say that the name of China
resonates positively in all the corners of the world in the area of industrial
and economic development and growth.
From the
foregoing, it is crystal clear that the revival of Sino-Nigeria relations is
timely and has the potential to be mutually beneficial. China's disposition to
avail Nigeria of huge development loans with long repayment plan is a sign of
good faith. Indeed, it is a proof of their desire to spread prosperity to other
parts of the world and reduce poverty.
This is a
paradigm shift in international relations where a world power like China is
focussed on helping to lift developing countries out of poverty rather than
adopt the shrewd business model that we have been used to with other western
partners.

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