Valdai Club

Since 2000, China has entered a stage where it is comprehensively building a moderately prosperous society that benefits more than one billion people. The goal of building that moderately prosperous society, in all respects, has three basic elements: first, constantly increasing elements of modernisation; second, constantly increasing socialist elements; third, the addition of Chinese cultural elements. The three constitute the goal of the first hundred years of socialist modernisation with unique Chinese characteristics.

Almost all G20 countries have experienced “three declines” (economic growth, per capita income, and trade growth) and “three increases” (unemployment rate, fiscal deficit rate, and inflation rate), writes Hu Angang, Economics professor at Tsinghua University, for valdaiclub.com. The rate of change will greatly exceed that of 2009 when international financial crisis occurred, and will drive the world into economic recession, or even worse, world economic depression.

China enjoys a comprehensive degree of strength in addressing the trade war stirred by the US in terms of its economy, trade, science, technology and international influence.

The signing of a cooperation agreement between Chinese and Russia energy companies is, without a doubt, a major breakthrough, and an important emblem of the comprehensive strategic partnership between Russia and China, as well as their cooperation in the new era. As Chinese President Xi Jinping stated at the Second China-Russia Energy Business Forum, China and Russia have a vast amount of territory, and great potential in the area of energy cooperation, writes Hu Angang, Economics professor at Tsinghua University, China.

Delegates of the 19th congress of the Communist Party of China have approved amendments to the party constitution, which include political thoughts of the Chinese President Xi Jinping. According to experts, this elevates him to the rank of Mao Zedong and Deng Xiaoping. The difference is that the name of the current leader is included in the constitution during his lifetime.