The world has to respect the patience of the People's Republic of China's vision to take the long view of reuniting with Taiwan in a peaceful manner. This is not only in the best interest of the people of China and Taiwan, but all of humanity.

The expansion of the Chinese economy and the resulting improvements in the lives of Chinese people have been impressive outcomes of the just-ending Five-Year Plan, despite the recent slowdown in the economy. The blueprint for (2016-2020) is taking shape to build on that progress.

In four key addresses at the UN, the Chinese leader pledged to uphold the modern global system anchored by the purpose and principles of the UN Charter, and set a tone that reflects positively on China’s international standing.

One of the major challenges for China’s leadership lies in enacting the rule of law by borrowing from Western principles while preserving China’s self-identity embodied in part in the Confucian ideology of the rule of virtue.

China is developing quickly both in terms of economy and military, and that is a natural process. Most major powers travelled the same way in the past, and a strong China helps preserve peace and stability in the world.

When playing up the mutually beneficial aspects of economic cooperation between the U.S. and China, many theorists often ignore the competitive and destabilizing elements introduced by structural economic concerns. The struggle for emerging markets and untapped resources is adversarial, and it may intensify as economic growth slows.

The Sino-American ‘Grand Consensus’ that has benefited both for more than three decades is threatened by new realities and interests in the wake of China’s rise. Both countries must seek effective cooperation, not only to realize mutual benefits, but to jointly play a leadership role for the maintenance and reform of the current international system.

The China wave will continue to roll across the globe crashing on far away shores as the 21st century unfolds. Individuals, states, and nations can do nothing and be swamped or learn to surf and ride the wave.

The government’s aggressive response in stabilizing “Uncle Xi’s bull market,” has highlighted the political nature and disconnect between the stock market and overall economic health. The government must decide whether to continue its efforts to open the capital account and liberalize the exchange rate.