Wang Huiyao

Opinion | China’s ties with Global South show a different world order is possible

With an emphasis on equity and sustainability, Beijing’s cooperation with developing countries goes beyond mere infrastructure projects

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Engineers from China and Tanzania talk about a project to upgrade a port in Dar es Salaam, Tanzania, on July 8, 2020. Photo: Xinhua

Wang Huiyao

Published: 5:30am, 23 Dec 2024

The Global South’s quest for a more equitable world order gained fresh momentum at the 22nd Doha Forum in early December. During the two-day event, world leaders gathered to discuss China’s evolving role in international development. The high-level dialogue came at a critical time when the global trade landscape faces new uncertainties.

As major economies like the United States and European Union signal a return to protectionist policies – with tariffs on Chinese electric vehicles, solar panels and semiconductors and carbon border adjustment mechanisms – China’s recent announcement that it would cut tariffs for more than 40 least-developed countries has drawn significant attention.

This strategic approach was evident at the sub-forum session “China’s Role in the Rising Global South: Redefining the Future World Order” where leaders from around the world shared perspectives on development partnerships, highlighting a stark contrast to the bleak future of international economic engagement.

China’s expanding engagement with the Global South represents more than just trade statistics; it represents an alternative model of international cooperation. While serving as the primary trading partner for at least 120 countries, China has moved beyond mere commercial relationships to establish comprehensive development partnerships.

The Belt and Road Initiative, now encompassing 150 nations, has become a platform for sustainable development beyond simply building infrastructure. Bolstered by institutions such as the Asian Infrastructure Investment Bank, the New Development Bank and the Regional Comprehensive Economic Partnership, China’s approach is reshaping how developing nations think about economic partnerships.

The impact of this cooperation model is already evident. Rwandan President Paul Kagame revealed that his country’s trade with China surged from US$30 million to over US$150 million after recent tariff reductions, with a remarkable 274 per cent growth since 2018.