This is what China’s developmental path for the next 30 years will look like.

The future and history of the world is being shaped increasingly by China and America. Going forward, all major global issues will intersect at the corner of Washington D.C. and Beijing. How our current leaders and future generations manage this relationship will not only impact the people of China and America; but all of humanity. As 2017 comes to an end and a new year begins, we will see how the Chinese leaders and millennials are poised to re-shape their — and our — world.

In China, it’s widely believed that the most important driving force for economic growth in the first quarter of century after the Cold War has been economic globalization. The world economy has expanded more than three times, lifting many people out of poverty.

It seems that China’s leaders have now forsaken Deng Xiaoping’s advice to tao guang yang hui (“keep a low profile”). In declaring a “new era” for China during October’s 19th National Congress in Beijing, President Xi Jinping presented the Chinese system of governance as a model for other countries to emulate.

China's central government has ordered a small city in Inner Mongolia to halt construction of a Rmb30.5bn ($4.6bn) subway project.

Social stratification, though an innate characteristic of any society, has become severe in both the U.S. and China. However, the sources of social stratification and the institutions that rectify it are different in China and the U.S.

China’s efforts to propose a series of new ideas and concepts to improve global governance and stimulate globalization are showing the world a positive way forward as Western powers step away from their post-war leadership roles in shaping those arenas.

The following are remarks by C.H. Tung, Chairman of the China-United States Exchange Foundation, at the High-Level Dialogue on US-China Economic Relations in New York on June 14, 2017. The dialogue was co-hosted by the China Center for International Economic Exchanges and the Asia Society Policy Institute.

The Chinese government aims to resolve the south-north divide in an efficient, forceful and rapid manner with the establishment of the Xiongan New Area. This will allow Beijing, Tianjin and Hebei to shake off the longstanding fetters of bureaucratic red tape, and be integrated into an organic whole.