Efficient economy through diplomacy

The year 2016 will usher in the 13th Five-Year Plan (2016-20), whose core economic goal is to build a high quality and efficient economy. In the current global economic and political environment, which is very different from the past, China needs to use economic diplomacy and all the economic tools at its disposal to achieve the goals.

Some goodwill initiatives taken by China have been misunderstood by some countries, which are worried China would use the initiatives as tools to achieve its geopolitical goals. Economic diplomacy will help China remove the worries of the skeptics and present the real picture to the world.

China should also use economic diplomacy to create a free and fair economic environment. The United States is pushing its initiatives to maintain its global leadership, which help some countries to maintain a strategic balance. Beijing is wary of the Washington-led initiatives because some of them are openly aimed at containing China or curbing its rising influence.