China, on the road to the world
Members from the National Development and Reform Commission of the People’s Republic of China came to PHBS UK Campus, at Oxfordshire, for a seminar, given by the Director of PHBS UK, Professor Guy Liu, about China Internationalization. Like a "mini-state council", the National Development and Reform Commission of the People's Republic of China (NDRC), formerly State Planning Commission and State Development Planning Commission, is a macroeconomic management agency under the State Council, which has broad administrative and planning role over the Chinese economy.
During this seminar, the members of the NDRC learned from Professor Guy Liu about the three main stages of the Chinese Internationalization. On the first one, from 1980 to 1999, China provided the “Open Market Access to the World”. It was a time for importing goods, technology business models, norms and trends. The period between 2000 to 2013 was represented like the “Sales to the World” period. China increases the export of goods and improves international engagement and competitiveness.
From 2013 to present date, China is on the road to the world! 2013 marks the beginning for real economic integration into the world. China exports both goods, services and capital. Achieves to increase the international engagement as well as the investment in so many different areas. This was when China starts the real cross-border acquisitions. Professor Guy Liu gave several examples of this overseas investment, especially in the UK.
Another example of this openness, spirit of journey, and adventure into the world is, of course, the PHBS UK campus, marking a turning point for the trend of China’s higher education development. The opening of the UK campus, on the 120th anniversary of Peking University, aims to share the Chinese spirit throughout the world, work like a platform to spread China’s story and create opportunities to build closer educational partnerships between China and the UK.
From aviation to car industry, the Director of PHBS UK Campus gave the NDRC members several examples of China’s investment all over the world. With twenty-six functional departments and 890 civil servants, the NDRC follows a four main points strategy: “Finish building a moderately prosperous society in all respects; Deepen all areas of reform; Fully advance in law-based governance of China and strengthen every element of Party self-governance”.
Some of the NDRC's functions are to formulate and implement strategies of national economic and social development; to coordinate economic and social development; to carry out research and analysis on domestic and international economic situation; to put forward targets and policies concerning the development of the national economy; the regulation of the overall price level and the optimization of major economic structures, and to make recommendations on the employment of various economic instruments and policies; to submit the plan for national economic and social development to the National People's Congress on behalf of the State Council. In other words, maintain the balance of economic development and the guide restructuring of the economic Chinese system.