Caixin OnlineOpinionCommentaries Continuing the Climb to Moral High Ground
10.24.2012 16:06

Continuing the Climb to Moral High Ground

Participating in international groups has benefited China and its economy, and it must continue to do this to achieve global leadership
By Lu Lei

History proves that involvement in the global economy is essential to an economy's sustainable growth.

China has experienced three waves of globalization. During the first round, from 1870-1914, China's per capita income decreased from 24 percent of Britain's to 13 percent. Fortunately, by the end of the second round which started in 1960, we caught up. In the past 10 years, total economic output, exports, foreign exchange reserves and the poverty rate have improved remarkably.

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