On October 1, the People’s Republic of China celebrated the 70th anniversary of its founding with impressive military and civilian parades meant to showcase the extraordinary progress the country has made under the leadership of the Communist Party of China. Formidable challenges lie ahead. But China’s record so far, and the resources it has at its disposal, indicate that it may well be up to the task.

"In Conversation with C.H. Tung" is a new series by China-US Focus that features highlights of a conversation between Editor-at-Large James Chau and Tung Chee-hwa, Hong Kong's First Chief Executive.

US vice president reprises wide-ranging attack, indicating that structural divergences have yet to be resolved and critical pressure is about to be reached.

As during the Cold War, the US must ‘forge ahead’ by cultivating top-tier talent and preserving its central national security and geo-economic interests through expanded federal funding programs. Otherwise, Beijing will spend its way to global supremacy.

U.S.-China relations faces new obstacles as visa process and travels of diplomats are tightening.

To prevent countries’ interdependence from becoming a competitive weapon, countries should regard restraint and consensus as the hallmarks of a new framework in trade relations.

Positive feedback is abundant about the Belt and Road Initiative and China’s motives for introducing it, suggesting that the negative attitude of the United States so far is unfounded.

China is stuck between a rock and a hard place – as the trilateral dispute over Kashmir continues, China may have difficulty managing the strong economic partnership it has with Pakistan as it tries to build a new alliance with India.

Increasing cooperation between the Philippines and Russia suggests that there is a burgeoning relationship in the East that may lessen the Philippines’ dependency on the United States. Such a relationship also has implications for China’s involvement in the disputed South China Sea.

Virtually every major breakthrough in relations between China and India had its roots in direct interaction by the top leaders. What matters most is that they have now institutionalized the dialogue.