Nation shares its public goods with the world

Stronger response

With the pandemic and the crisis in Ukraine posing obstacles to nations reaching goals for the 2030 Agenda for Sustainable Development, analysts have highlighted the importance of China's heightened response to global challenges.

According to the World Bank's Poverty and Shared Prosperity Report 2022, the pandemic has resulted in the biggest setback to global poverty reduction since 1990.

It has hit impoverished groups the hardest, with the poorest 40 percent of the global population experiencing an average 4 percent loss of income, twice as much as the richest 20 percent, the report said.

According to a UN report, the number of people affected by hunger globally rose to as many as 828 million last year, up 46 million year-on-year, and 150 million more than in 2019.

Chen, from CASS, said, "There is now a serious deficit in global development governance, and the polarization of the rich and the poor caused by external shocks needs to be urgently addressed to achieve more resilient and balanced development at global and national levels.

"To this end, China can and should play a greater role through South-South Cooperation.

"China has the ability and responsibility to contribute knowledge, theories and solutions to solving global poverty and promoting the realization of global common prosperity through more effective technology transfer and knowledge sharing."

Wang, from the CCG, said China should consider further institutionalizing its global public goods such as the BRI and the GDI to attract more participation from various nations and enable better solutions to global challenges.

"We have every reason to believe that the 20th National Congress of the CPC will help forge greater consensus over China's international cooperation going forward and enable the nation's deeper involvement in solving global issues," he said.