Key take aways from The Governance of China by Xi JinPing

The Chinese dream
- make country strong and prosperous
- revitalize the nation
- make people live better lives
2 centenary dream
- baseline being the 1840 opium war
- a moderately prosperous society by 2021
- fully rejuvenating China to its former glory by 2049

perpetual learning and improvement
the path of socialism with Chinese characteristics
further develop the theory of socialism
system to guarantee outcome
holistic view when developing policies
“A wise man changes his way as circumstances change; a knowledgeable person alters his means as times evolve“
Employ the way of the gentleman
Fostering of core values to ensure population knows what the right thing to do
“A warlike state, however big it may be, will eventually perish“

System integrity
- stem out corruption within the public service
- safeguarding state sovereignty
- coordinating national security in the environment of rapid technology innovations
- staying close to the people in the grassroots
Reform
- figuring out the relationship between the government and the market
- Free the mind
- Develop productive forces
Progress
- Education to cultivate young people to boldly strive forth and including overseas
- Technological invention and innovation combined with social development
  - internet
  - Bandwidth
  - cyber security
  - AI
  - robotics
- Management know-how
- Urbanization of rural areas
- Military build up
- Energy sufficiency – one belt one road, climate change
Consolidation
- Hong Kong
- Macao
- Taiwan
- All foreign Chinese nationals

Allow market to play decisive role in allocating resources and let government perform its function better
imposing order on the markets to prevent people seeking economic benefits through
dealing with production lags
effective competition to yield superior outputs
inconsistent market rules leading to rampant protectionism within local markets
fiscal and taxation systems to divide power between national and local government
management of technology security risk

inclinations
- averse to hegemony
- averse to war
- averse to intervention
Mexico, Latin America
Russia – trade using local currencies and go off the USD
US – on cyber security
Asia
- 67% of world’s population
- aims to become leader in region
- increase imports from this region into China
- improve regional security
One belt one road
- Africa – technology transfer and trade via one belt one raod
- EU – trade
- Central Asia and Middle East – invesments, trade and oil for energy needs via one belt one road