Xi Jinping’s Shared Prosperity Model | Pakistan today

Since taking office, President Xi Jinping has been a driving force in China’s rise to unprecedented heights, not only in the country’s own history but also in the global context. He has the qualities of a charismatic, pragmatic and very reserved leader who is rarely seen losing his temper, showing concern or showing any personal concern. His humility and down-to-earth nature are evident in his respectful interactions with world leaders and citizens, which are widely recognized, respected and admired.

Unlike other world powers, President Xi Jinping’s approach emphasizes peaceful development and self-reliance, positioning China as a model of progress based on shared prosperity and stability. However, his main focus was on his own people, who seem to be dearer to him than anything else.

Guided by an unwavering commitment and belief that a capable, educated and skilled population is vital to national progress, President Xi has lifted more than 100 million citizens out of extreme poverty by 2021, almost a decade ahead of the UN’s 2030 target, through targeted financial assistance, support for agriculture and the construction of 1.1 million km of rural roads. It provided access to education and health care, increased literacy rates, and slowed school dropout rates by introducing nine years of compulsory education, laying a strong foundation for long-term economic independence.

Xi Jinping’s dedication to his people has extended to redirecting government resources to improve public welfare, providing health insurance to more than 95 percent of the population and expanding pensions for rural and migrant workers. It also promoted economic independence by offering incentives to 20 million small and micro businesses, providing sustainable incomes and supporting local economies.

While his focus remains on simultaneously improving the lives of China’s people, he has brought about much-needed economic growth by unleashing the entrepreneurial qualities of the Chinese and catapulting companies and corporations to higher pedestals of growth and development. He transformed them from low-cost manufacturing into high-tech and consumer-oriented organizations to meet the growing needs of the domestic population and meet regional and international demands.

Despite severe global economic challenges, he has steered the economy with renowned grit and vision and made China the world’s second-largest economy, with a GDP topping $18 trillion by 2021, a feat that would have seemed impossible just a few years ago. Now, his Made in China 2025 vision is poised to help China become a global leader in high-tech industries including artificial intelligence (AI), robotics, semiconductors and 5G. world leaders in artificial intelligence research and development, and a leader in 5G deployment and digital transformation, expanding China’s influence in global telecommunications, improving connectivity across the country.

It is only due to his foresight and tireless efforts, coupled with political and administrative acumen since he came to power in 2013, that the country’s foreign exchange reserves reached a record high by the end of 2023 at $3.238 trillion. Per capita income has nearly doubled from $6,283 last year. Trade volume increased from $3.87 trillion in 2012 to $6.31 trillion by 2022, illustrating China’s progress towards a more resilient and internally resilient economy.

President Xi’s vision went beyond China’s domestic prosperity; Having achieved significant growth at home, he focused on expanding regional trade and commerce, using China’s resources to support the economic well-being of neighboring and global partners. His 2013 Belt and Road Initiative (BRI), initially seen as a highly ambitious project with its complex network of land, sea, rail and air links, has since grown into one of the world’s largest infrastructure and investment programs. Covers Asia, Africa, Europe and Latin America. By 2024, the BRI’s total investment would have attracted nearly $1 trillion and connected more than 140 countries. Trade between these countries has reached approximately $9 trillion, highlighting the extensive economic interaction driven by the Belt and Road Initiative, which continues to drive regional integration and significant trade flows, with the potential to transform economies through increased connectivity and mutual growth.

President Xi’s vision of shared prosperity, based on economic, investment and infrastructure diplomacy with a “win-win” approach, has not gone unnoticed by world powers. But rather than appreciating these efforts or heeding President Xi Jinping’s generous offer of partnership in China’s pursuit of shared prosperity, the United States and its allies often place obstacles in the way of China’s progress. The US and its allies have embarked on a policy of containing China without appreciating President Xi Jinping’s stated policy that this world is big enough for all of us to share its bounties and vast resources without undermining each other.

The US and its allies have launched a risk-mitigation strategy aimed at reducing over-reliance on China, especially in supply chains and markets. On the military front, the US has begun to bully its partners and allies in the Asia-Pacific and Indo-Pacific to encircle China in the Asia-Pacific region and beyond.

More than ever, the global community is committed to putting an end to the warmongering, threats and destruction that have ravaged societies for centuries. This growing movement against war is gaining strength as people and nations reject antagonism and seek cooperation and peaceful partnership. Ultimately, this shift is consistent with President Xi Jinping’s philosophy of shared prosperity and win-win solutions to create a world where everyone can prosper together.

The US used existing groups such as the Quadrilateral Security Dialogue (QUAD) and Australia, United Kingdom and United States (AUSKUS) to develop a new alliance with Japan and the Philippines for joint maritime patrols with the Philippines in the South China Sea. and restructured U.S. military command in Japan (the biggest overhaul of defense cooperation since the 1960s) to make it more sensitive to perceived threats from China.

The US leads the Five Eyes alliance, which includes Canada, Britain, Australia and New Zealand, which works to share intelligence and counter cyber threats and foreign interference, often accusing China of stealing intellectual property and using artificial intelligence for hacking and espionage. In addition, the US has forged a strategic partnership with India to counterbalance China’s influence in the Indian Ocean and the region. In recent years, it has also used credit rating agencies such as Fitch and Moody’s, which have adjusted China’s credit ratings to negative, citing perceived risks to government finances.

President Xi Jinping, fully aware of US efforts to create obstacles to slow and ultimately stop China’s vision of shared global prosperity, remained steadfast. Maintaining his composure, he continued to pursue peaceful diplomacy with all countries, including the United States and its allies, based on the firm belief that his sincere intentions and dedication to common prosperity would ultimately prevail.

Without fanfare or lofty rhetoric, President Xi not only ensured that China became an effective and active member of existing regional and international organizations, but also initiated new ones to promote the Chinese vision of shared prosperity and growth.

Under his leadership, China is an effective and productive member of more than 100 international and regional organizations. China co-founded the Asian Infrastructure Investment Bank (AIIB) to create a viable alternative to Western-led financial institutions. He called on the Shanghai Cooperation Organization (SCO) to promote regional ties in Central Asia and called for cooperation in infrastructure, information technology and agriculture. China is one of the largest shareholders of the International Monetary Fund (IMF) and the World Bank and contributes to global financial stability. China actively participates in BRICS (Brazil, Russia, India, China and South Africa) to promote economic, political and cultural cooperation among developing economies. China has joined the Regional Comprehensive Economic Partnership (RCEP), which includes 15 countries in the Asia-Pacific region, strengthening trade relations within the region. China has expanded its naval capabilities, especially in the South China Sea, to ensure peace and stability in the region.

President Xi is pursuing a pragmatic policy towards the US and its allies; rather than responding with antagonism, his philosophy emphasizes building relationships with the US and Europe. Its approach is based on cooperation, mutual respect and shared prosperity, emphasizing the absence of conflict, respect for core interests and mutually beneficial cooperation. He advocates peaceful coexistence and views economic interdependence as a stabilizing force, positioning China as a committed partner on global issues such as climate change, health and trade.

Using areas of mutual interest, his approach counters confrontational rhetoric with constructive engagement. By championing multilateralism through platforms such as the UN and WTO, Xi Jinping advocates collective problem-solving rather than unilateral action. His emphasis on soft power diplomacy, while avoiding hard power tactics, promotes ties that diffuse the aggressive postures of the United States and its allies, presenting China as a peaceful, responsible global leader committed to stability through inclusive development and cooperation.

President Xi rightly recognized that people around the world, regardless of color, creed or race, seek peace to fulfill their dreams, raise their children in safety and provide them with a quality education. He understands that they deserve equal opportunities for growth and development, and relief from the economic and financial hardships that stand in the way of prosperity. Understanding that the world is already burdened by protracted conflicts, he believes that humanity – now in an era marked by rapid innovation, creativity and knowledge – recognizes both the horrors of war and the dividends of peace.

More than ever, the global community is committed to putting an end to the warmongering, threats and destruction that have ravaged societies for centuries. This growing movement against war is gaining strength as people and nations reject antagonism and strive for cooperation and peaceful partnership. Ultimately, this shift is consistent with President Xi Jinping’s philosophy of shared prosperity and win-win solutions to create a world where everyone can prosper together.