The 70th anniversary of the founding of the People's Republic of China on October 1 is an occasion to look back on the nation's momentous progress and consider what role it will play in the world over the next seven decades.
China has benefited greatly from embracing globalization and its institutions such as the World Trade Organization, the International Monetary Fund and the World Bank. As China's economy continues to expand, Beijing's role in the future will be to safeguard and enhance the international liberal order.
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