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Xiconomics: China’s vision for an open world economy in a turbulent era

2026-01-22 16:49   Xinhua

  "There is a clear convergence between President Xi's emphasis on dialogue-based governance and the Global South's aspiration for a more balanced and cooperative global economic order," Alok Kumar Pathak, associate fellow at the BRICS Institute India, told Xinhua.

  That convergence, observers noted, is increasingly reflected in projects under various initiatives. In Africa alone, China has helped build and upgrade over 10,000 km of railways, nearly 100,000 km of roads, while rolling out more than 200,000 km of fiber-optic cable, supporting industrialization and regional connectivity.

  This photo taken on June 19, 2025 shows the Chinese-built Magufuli Bridge in Mwanza, Tanzania.

  The Chinese-built Magufuli Bridge across Lake Victoria in Tanzania was inaugurated in June 2025, marking another landmark project under the Belt and Road Initiative. As the longest bridge in East and Central Africa, it not only improves local transportation but also enhances connectivity with neighboring countries. The bridge stands as a symbol of Tanzania's self-reliance and a catalyst for regional development, Tanzanian President Samia Suluhu Hassan said at the inauguration ceremony.

  On top of infrastructure, China's growing role in technology transfer and digitalization is reshaping development possibilities, said Ndichu. "Its engagement increasingly emphasizes capacity building, skills development, and value-chain integration rather than simple resource extraction."

  "China functions as both a stabilizing anchor and a key driver of industrial upgrading across the Global South," said Herman Tiu Laurel.

  "By prioritizing infrastructure development and technological innovation, China offers developing countries the practical means to build sustainable growth and achieve genuine economic autonomy," he said.

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