IFNIA 2024 – Chinese Modernization and Lessons for Developing Countries
The theme of IFNIA 2024, Chinese Modernization and Lessons for Developing Countries, focuses on examining China’s unique development model and its relevance to other developing nations in navigating their own modernization paths. Chinese modernization, marked by high-quality development, infrastructure expansion, technological innovation, common prosperity for all, and harmony between humanity and nature, offers valuable lessons for developing countries striving for sustainable and inclusive growth.
A key feature of Chinese modernization is its long-term planning and strong state-led approach, which has fostered advanced manufacturing and digital infrastructure and maintained social stability. Meanwhile, infrastructure projects are built moderately ahead of demand to act as catalyst for economic growth, thus propelling broader development.
China’s emphasis on education and technological innovation is another crucial lesson. By allocating significant resources to education, particularly in STEM fields and research, China has cultivated a skilled talent pool that drives its technological advancement and innovation.
Additionally, China’s experience underscores the importance of rural development. Policies focused on poverty alleviation and improving rural living standards not only reduce inequalities but also contribute to long-term social stability. Developing countries can adopt similar rural development strategies to foster inclusive growth and ensure balanced development.
The Forum aims to explore these themes, providing a platform for dialogue on how developing countries can learn from China’s modernization experience and strategy to address challenges such as poverty reduction, industrialization, technological innovation, and sustainable development. It will also highlight the synergy with Malaysia’s MADANI concept, which promotes a holistic and collaborative development approach. China’s path to modernization offers important insights for Malaysia in pursuing the goals of inclusive and sustainable development within the MADANI framework.
