A New Legal Era
With governance based on law, legal certainty and government efficiency in the country’s administration are improved. We could conclude that the new era of Chinese socialism coincides with the new legal era in China.
With governance based on law, legal certainty and government efficiency in the country’s administration are improved. We could conclude that the new era of Chinese socialism coincides with the new legal era in China.
Over the course of this year’s Two Sessions, domestic and international audiences continued to hear a persuasive story coming from China, stating the country will unrelentingly adhere to its principles as it acknowledges the opportunities and challenges the future holds.
It is possible to envisage outcomes where competition will not lead to confrontation, but rather to an internationally accepted balance.
For outsiders, the annual Two Sessions offer a good opportunity to observe China’s development and see democracy and rule of law at work in China’s political system.
The safety of the world depends on the two most advanced technological countries to remain in permanent dialogue and to attempt and achieve the settlement of their disagreements in a cooperative attitude.
The emergence of the digital yuan and the settlement of the China-Russia oil and gas contract in euros cannot crack the world’s reigning dollar dominance in the near future. The yuan will keep catching up and, over time, will become of increasing global importance.
Amid the heightened rhetoric, some voices on both sides of the Pacific are looking for ways to restore the optimism–or at least the realpolitik–of 1972.
In today’s globalized world, where the wellbeing of countries is wholly intertwined, trying to squeeze China’s development space by partnering with its allies not only goes against the very concept of the market economy, but also will not yield any benefits for the U.S.
China will take an active part in multilateral cooperation on trade and investment, and develop new systems for a higher-standard open economy. It prefers dialogue and cooperation to any zero-sum game.
Successive five-year plans receiving input from all stakeholders, together with the CPC’s system of promoting only competent and honest cadres who are given ever-increasing real world experience, have not only subjugated COVID-19, but eliminated extreme poverty and made China the world’s second largest economy.
We need to reengage with China on practical, not political, projects that collectively are meaningful for both societies, such as mitigating climate change.
The Games will forge more bridges of friendship and inject confidence and strength into a troubled world.