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.

In Washington, DC, a bipartisan consensus about China has emerged: the United States is facing a trade-manipulating, authoritarian intellectual-property thief that represents a strategic threat to the US and its allies and deserves to be punished. But the consensus is wrong. In fact, China deserves recognition, if not appreciation, for its achievements.

Chinese Premier reaffirms pledge to further open up to foreign investment and protect the rights of foreign firms.

The anniversary was a celebration of China’s achievements.

So long as China continues to seek “truth from facts” and more importantly makes “practice the sole criterion of the truth," it will prosper.

A celebration of China’s achievements.

China has made great strides in the past 40 years.

The challenge for China is how to smoothly navigate through its issues, so as to create a favorable external environment for comprehensively deepening reform, to complete as planned the mission of building a moderately prosperous society in all respects, to basically achieve modernization by the middle of this century, and to ultimately accomplish the mission of national reunification.