World has a big stake in China's future

General Secretary Xi Jinping made several references to "a new era" for China in his report to the 19th National Congress of the Communist Party of China. Among the interesting hints were China becoming more open, more welcoming of foreign investment, and being ready to play a greater international role.

The main narrative running through Xi's report was his conviction that only the CPC could lead China into the new era. He recognized that there were still many problems to overcome, including regional and wealth inequality, pollution and the quality of healthcare. He also said China would never again face a century of humiliation.

China has achieved astonishing economic success over the past decades, lifting millions of people out of poverty. But with economic power comes international responsibility as China is beginning to find out.