China has chosen to accept some short-term pain for the promise of long-term growth and stability. Some people may grumble, but the vast majority support the effort to save lives, a core value that’s deeply embedded in the country’s ethical tradition.

The economic boom and financial risk of present-day China has fostered a new generation of financial technocrats who have ascended the ranks of the national and provincial leadership on the eve of the 20th Party Congress.

China’s leaders have been sorted into generational brackets by decade of birth. This article examines the formative experiences and policy orientations of the post-1960s generation, which will dominate the Chinese leadership after the 20th Party Congress.

In the age of globalization, foreign policy sways our daily life more than people could imagine. A trade war leads to soaring price of consumer goods, which means you have to pay more for groceries, and sanctions on solar panels could mean more greenhouse gas emission, which creates greater peril of climate change. Disturbingly, Washington’s current China policy, a policy that could mean the difference between war and peace, prosperity and destitution, is based on some seriously misleading claims.

China’s regulatory practices defy Western ideals, but show alternative methods of tackling income inequality and social divides. The three most recent crackdowns in education, fintech, and real estate show how China approaches ‘common prosperity.’

Unlike Britain and the United States, China actually walks the walk of human rights. It doesn’t merely talk the talk. What the Chinese mainland has taught us is that the zero-COVID policy is the most effective solution for avoiding deaths.

In China’s new development stage, the growth cycle needs to address the structural issues of economic growth and take into full consideration the issues of group equity, intergenerational continuity and climate inclusion.

China has taken a path toward common prosperity that is different from that of the United States. It hopes to explore a Chinese solution characterized by modest, sustainable lifestyles that avoiding the overconsumption of the West. The race has just begun.

The historical promise from the CPC to the Chinese people has been kept. The concept of common prosperity also has significant developmental implications in rebalancing the world economy. It does not mean killing the rich to help the poor.

Over the last 20 years, a number of thriving technology companies have emerged in China. This has invited much speculation about the country’s scientific and technological prowess, and about its ability to innovate. Some argue that China is already nipping at America’s heels in these domains, and has become a world leader in some sectors. Others believe that China is not quite as far along as it may appear, and the government’s regulatory clampdown on tech companies will impede its continued progress. Which is it?