China, the second-largest economy of the world and neighbor to 21 countries, is set to celebrate its 70th anniversary on October 1.

The path of development set by the Chinese leadership and the Communist Party of China was not an easy job as there was much suffering in the prior century before it founded as a sovereign state.

The vision and statesmanship of the Chinese leadership and commitment of its people changed the status of the country from one with a backward economy towards a prosperous one that is playing an active role in the international arena.

If you go deep into the history of this country, then you will get a clear message that only China has emerged as a successful nation in overcoming so many challenges, obstacles and difficulties to pull a country with more than 1.3 billion people from a relatively backward economy and culture into the track of rapid development and modernization. It was achieved in only seven decades, especially after the reform and opening up policies were adopted.

China's formula of success in these 70 years has emerged as a do-able practice for other developing countries, as well, as it has laid a solid foundation towards sustainable and real change for the prosperity of its people.

The major contribution to Chinese society is the creation of China's Belt and Road Initiative, which is considered a precious gift to the world.

It was the China's Belt and Road in the journey of its remarkable development that maintained a balance between development, reform and stability in the process of modernization, which also lead the successful fight for eradication of poverty.

The most impressive Chinese characteristic that gained the attention of the international community in the journey of success during these 70 years is China's peaceful development influenced both the regional and global areas, including Africa, Asia, Latin America and other continents.

China also has a number of reasons to celebrate its 70th anniversary as a symbol of remarkable success, as China's peaceful development is not only related to world trade, finance and security, but also it's related to international institutions, including the World Trade Organization, United Nations, Shanghai Cooperation Organization, BRICS and the G20.

The major contribution China has made in its peaceful rise was the promotion of the reform of the international financial system that has been playing an active role in consolidating world and regional security and helping more countries participate in international politics.

Since the founding of the People's Republic of China in 1949, especially since reform and opening-up, China has made remarkable achievements and solved many problems, including poverty alleviation, food problems and security issues that made significant contributions to building a moderately prosperous society in all respects.

China's successful development won world-wide applause as the peaceful rise of China did not intervene in the internal matters of other countries, as it has the traditions of cherishing peace and harmony and it never seeks to pillage others or establish a sphere of influence.

On its 70th anniversary, China is blessed with enlivened people, breathtaking development, animated society and elevated international prestige, making it the focus, the wonder and the envy of the world.

The Chinese people are more confident and more capable of reaching the goal of national renewal than ever before.

What we have observed about the Chinese nation is that the ruling ideology of the CPC solved the problems of livelihood by realizing common prosperity.

The services of the CPC for society lead the people to tap into their full potential; the collective objective was to gradually realize the common prosperity of the entire population and the national objective was to build a wealthy, powerful, democratic, culturally advanced, harmonious and modernized social country.

The achievements of China did not happen by accident, they were determined by the combinations of many factors, including the reforms and opening up phase started in 1978 which was crucial for national renewal and the socialist modernization of China.

In the next phase, starting from the 70th anniversary, to realize the great revival of the Chinese nation is to let the Chinese people have more and better education, stable employment, better health care, more comfortable and affordable living conditions, a more beautiful environment and to have future generations develop better, work better and live better.

To summarize, the goal is that the Chinese people live richer, more dignified and fulfilled lives and to let them develop freely and comprehensively.

China at 70 is now carrying more resources not only for its population but also for people from other developing countries that have been proved by the launch of the Belt and Road Initiative under the visionary leadership of Chinese President Xi Jinping.

This is the second phase of the opening up, which has done miraculous things for developing nations. Through the second round of opening up, China will more actively take part in global economic governance and promote reforms on a global economic governance system.

In this era, China is getting attention like a rising sun - it is an important phase where China has to attain effective balance in the equal development of its all parts and move ahead with the international community to achieve the win-win results by forming the shared future of mankind in the next decades, which will be fruitful for all.

The author is Muhammad Zamir Assadi, a journalist with Independent News Pakistan, a leading news agency in Pakistan.

The opinions expressed here are those of the writer and do not represent the views of China Daily and China Daily website.