CHINA'S ECONOMIC GROWTH AND THE DEVELOPING WORLD

CHINA'S ECONOMIC GROWTH AND THE DEVELOPING WORLD

CHINA'S ECONOMIC GROWTH AND THE DEVELOPING WORLD

Introduction

China is considered as world's largest developing country and it is being cornerstone of China's foreign policy in consolidating and developing cooperation with other developing countries. In the year 2005, China makeover extravagant efforts to strengthen cooperation with other developing countries, attach high concern to the primary role of such cooperative relations, and to build in new shape of alliances comprising long-term equality, stability, mutual benefit and overall combined cooperation. At the same moment, China continued to solidify collective dialogue and cooperation with developing countries. It continues to extent its cooperation with Arab and African countries within the frameworks of the China-Arab Cooperation Forum and China-African Cooperation Forum and extending its ties with Latin-American organizations.

China has emerged to be second-largest powerful economy of the twenty-first century. China has been an engine of global demand growth and increasing its greatly influencing in comparison to its recent share of global demand. China economic growth is good for developing countries as it increases over demand and trading opportunities in other developing countries. It also holds power as a leader in developing countries and underpinning developed nations place. China main strategic vision is to maintain a peaceful and stable international environment which regards to be an environment of neighbourliness. It will be discussed in this context China's international relationship and its evolution of relationship with other countries. It focuses over positivity of china relationship with other developing countries.

Discussion

China's interest initiated in the developing world from the Cold War, at times Beijing assumed ideological leadership over the revolutionary agenda of insurgents in Latin America, Africa, Southeast Asia and elsewhere. Nowadays, China's ideological concern is gone, but its approach to lead in promoting the collective interests of the South has endured. Beijing's official documents relates on particularly to the developing world as a vital component of Chinese foreign policy goals to encourage a multi-polar world and democratized international relations and although considering over its achievement in era of over the past 25 years, China still relates to itself to be the “World's Largest Developing Nation's”. (Derek J. Mitchell, 2006)

History China's Relations with other developing countries

In times of Cold Car, Relationship of China with other developing countries relates on a combination of ideology and foreign policy interests practically enacted. China converge its concern with other developing countries to differentiate itself from the bipolar Cold War rivalry set up among the Soviet Union and the United States, China considers both of it as hegemonic powers. In year 1953, Premier Zhou Enlai put forward the five major principles of peaceful coexistence, which considered being its framework on which it conducts its foreign policy. Those five principles includes nonaggression, mutual respect on respect to sovereignty and territorial integrity, mutual benefits, peaceful co-existence, and kept away from interfering into internal affairs. All these principles demand to other developing countries that, as China, had undergone the thunder of Western ...