
"New Democratic Revolution"? "Remaining true to original aspirations"? These phrases made by the Chinese Communist Party often carry a different meaning than they suggest. China experts strive to decipher China's web of phrases; after all, they shed light on future policy. Xi Jinping has become particularly adept at twisting words – and many Western politicians fall for it without even realizing it.
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The attempt of all large economic areas to take a leading position in key technologies at the expense of everyone else is a costly process. A more efficient and cost-effective way is to cooperate internationally in a division of labor. After all, not every economy can be at the top. If everyone tries to do everything on their own, growth and prosperity will suffer.
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