Permanent site of Boao Forum for Asia Annual Conference Fountain in Qionghai, Hainan province. (PHOTO: VCG)

Edited by GONG Qian

In his 2023 New Year Address, President Xi Jinping reviewed the accomplishments achieved by China in 2022 and encouraged the Chinese people to make tomorrow's China a better place. Xi said that China will strive to contribute its wisdom and solutions to the cause of peace and development for all humanity.

The spirit of China brings inspiring power to the world. China overcame many challenges to accomplish impressive achievements in 2022. For example, the Beijing Olympic and Paralympic Winter Games was a resounding success, China's space station was fully completed and the first C919 large passenger aircraft was delivered to its customer.

None of these achievements would have been possible without the hard work of numerous Chinese people. It also demonstrated the tenacity of the Chinese nation. At a time when the world is going through unprecedented challenges, China's achievements show that strength comes from unity and endeavor leads to miracles. As long as all countries are united with a common cause, the world will be a better place.

The vitality of China provides a strong impetus for the recovery of the world economy. Currently, many countries are confronting crises such as supply chain disorder, food and energy shortages, and growing inflationary pressure. However, China still improved the quality of its development in 2022, as the Chinese economy has great resilience and potential. Its strong fundamentals will not change, and it will remain on a positive trajectory over in the future.

China is the only major economy in the world on track to see decent growth in 2023, in both corporate profits and gross domestic product. This is good news for the global economy, and it raises the odds that the world can avert a recession, even as the U.S. and Europe slow, said Barron's, the world's premier investing publication.

China's policy of opening up has promoted the continuous advancement of win-win cooperation among all countries, and the world needs China for prosperity.

Facing confrontation and decoupling, China adheres to staying true to the principle of openness and inclusiveness, keeps on the path of win-win cooperation toward common prosperity, and rejects zero-sum games, so as to expand more space for common development.

For example, China has advanced high-quality Belt and Road Initiative cooperation and held High-level Dialogue on Global Development.

Meanwhile, China will work with the Arab states to advance eight major cooperation initiatives in areas including development support, food security, public health, green innovation, energy security, inter-civilizational dialogue, youth development, and security and stability.

President Xi proposed a Global Security Initiative at the opening ceremony of the Boao Forum for Asia Annual Conference 2022. He stressed the importance of upholding a vision of common, comprehensive, cooperative, and sustainable security, respecting the sovereignty and territorial integrity of all countries, and adhering to non-interference in internal affairs. To date, more than 100 countries and many international organizations, including the United Nations, stand for the initiative. Meanwhile, nearly 70 countries have joined the Group of Friends of the Global Development Initiative, proposed by Xi in September last year, to foster development cooperation.

China has been actively undertaking responsibility, responding to the common concerns of people of all countries, and contributing its wisdom and solutions to the cause of peace and development for humanity. In 2023, China will work closely with other countries to create a better future for all.