The Chinese Dream
- By Carlos Magariños
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E-mail China.org.cn, May 1, 2015
Comprehensively strengthening Party discipline could be seen as an indispensable element to secure the other three comprehensive measures and, in particular, for the implementation of the rule of law, since the elimination of corruption constitutes an essential element for it to deliver the expected results in terms of social justice.
From a hierarchical point of view, probably "comprehensively building a moderately prosperous society" constitute the main goal, the basic element of the Chinese Dream of Great Rejuvenation. It cannot be achieved, however, without a key element: the drive towards "comprehensively deepening reform" which in turn requires modern government practices committed to social justice by means of "comprehensively implementing the rule of law" and "comprehensively strengthening Party discipline."
This way, President Xi's blueprint for the future of China includes a strategic goal and a number of measures that support each other and reciprocally influence one another.
His commitment and decisive leadership can be assessed, at least by a foreigner, by the fact that to further this agenda, unlike his predecessors, he will probably have to overcome considerable domestic unrest. President Xi is, most likely, the first leader since Deng Xiaoping, to have to confront established interests to continue the reform process of the Chinese society.
For that reason, his foreign policy initiatives are very valuable. In addition to a very demanding domestic agenda President Xi is determined to play also a constructive role for China as a responsible global citizen.
The Silk Road Economic Belt - including the US$40 billion Silk Road Fund - and the 21st Century Maritime Silk Road are important initiatives to develop closer cooperation with Central Asian countries and with the ASEAN community, and so is the initiative of the Asian Infrastructure Investment Bank (AIIB) for the whole Asian countries.
Additionally, the BRICS Group of countries (whose membership includes Brazil, Russia, India, South Africa and China, where the latter is a powerful force) just established a US$50 billion New Development Bank and signed an agreement to establish a Contingency Reserves Agreement of US$100 billion to address liquidity concerns of its members in times of financial crisis.
These are just examples of the many actions taken by the Chinese leadership to contribute its share in the building of modern institutions. I have learnt only too well that the international community needs new institutions for a new era. It cannot address the problems of the future with the organizations of the past.
China is decisively contributing to the building of the institutions needed to renew multilateralism, taking stock of the new international balance of economic power and new political realities. This is essential to shape a modern and progressive international society.
China's domestic and international initiatives are well correlated. Both are pursuing the building of a better society. From my viewpoint, it is evident that this generation of Chinese leaders has a "rendezvous" with destiny. And President Xi seems to have well understood the challenge, willing to face it in the best possible manner. He is contributing positive and decisive leadership, a scarce and precious gift in the times we live.
Carlos Magariños is the chairman of Global Alliance of SMEs, former UNIDO director general, and non-resident senior fellow of Chongyang Institute for Financial Studies, Renmin University of China (RDCY).
Opinion articles reflect the views of their authors only, not necessarily those of China.org.cn.
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