Its new ideas and approaches are broadly beneficial and have already involved many countries, even as the United States and others have tried to impede progress for selfish reasons.

If current negative global trends continue, China is likely to step up efforts to keep growth above the line. It will continue to serve as the largest contributor to global output in any event.

Since its founding, the country has charted its own path based on socialism’s best practices. It needs to keep learning and improving.

President Xi Jinping has pointed out that the world we live in is undergoing profound changes unseen in a century.

Over the last four decades, China has integrated into global networks in trade, finance, data, and culture (encompassing social values, religion, and political beliefs). But, as the United States embraces protectionism, continued progress on global integration will require China to adjust its approach.

The celebration of the 70th anniversary of the founding of the People’s Republic of China on October 1 will be an exuberant affair, involving glitzy cultural events, an extravagant state dinner attended by Chinese and foreign luminaries, and a grand military parade in Tiananmen Square. And, at a time of high tensions with US President Donald Trump’s administration, it will be imbued with an extra dose of patriotic enthusiasm. But while China has much to celebrate, it also has much work to do.

China’s social credit system has been criticized by Western critics for being an invasion of privacy, but new guidelines show how the social credit system would improve transparency and within China’s economy.

China recently introduced new policies designed to open up its economy and increase the amount of foreign capital in the Chinese financial system. It sounds like a lot of effort is being put toward making China's financial sector more accessible, but is it, really?

China’s increasing role in global economic, security and governance means that domestic reforms will have implications beyond its borders.

For the West, the year 2008 marked the beginning of a difficult period of crisis, recession, and uneven recovery. For China, 2008 was also an important turning point, but one followed by a decade of rapid progress that few could have foreseen.