Diminishing role of US role model

One way to summarize China's 30 years of reform and opening up is to say that China has been learning from the outside world, particularly from the US.

Over the past 30 years, English, as a business language, has become popular within the Chinese business community, and references to English acronyms, such as LBO, ABS, MBS, CPI and PPI, are frequently used in the Chinese news media, as well as in conference rooms across the country.

Over the past 30 years, the influence of the Anglo-Saxon legal system has also left its footprints across the development of the Chinese legal system.