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Peace, opportunities: global implications of "Chinese dream"

Neither a crystal ball nor a pair of colored spectacles will help interpret the "Chinese dream." To better understand the phrase that is being widely discussed, it takes vision and impartiality.

China's pursuit of its dream of national rejuvenation brings peace and opportunities to the world. That is deeply rooted in the country's constant commitment to peaceful development and its own path ahead.

A major player in maintaining both regional and global security and stability, China has been pursuing peaceful growth.

The latest reaffirmation came on March 23, when President Xi Jinping told his audience in a Moscow institute that Chinese people deeply appreciate the value of peace and also need a peaceful environment to build their nation.

It was in the same speech that Xi said the Chinese dream, which he put forth when he became the country's new helmsman last year, will benefit not only the Chinese people, but also people of all countries.

The Chinese dream is not a call for revanchism and Chinese nationalism at the expense of its neighbors. It is the dream of China, which once suffered invasions and turmoil, to maintain lasting peace.

A peaceful and stable China is a blessing to the Asia-Pacific region and the whole world. The world's second-largest economy and the most populous country is too important to fail.

Among the five permanent members of the UN Security Council, China is now the largest contributor of personnel to UN peace-keeping missions. It has also sent naval task forces to conduct escort missions in the Gulf of Aden and off the coast of Somalia. The realization of the Chinese dream will see the country play a bigger role in maintaining world peace.

To realize its rejuvenation, China will have to sustain its growth through deepening reforms and transforming from an investment-driven growth mode to a consumption-driven one.

Consumption-led growth will not only bring opportunities for investors throughout the world and expand the market for overseas goods and service providers, but also ease China's trade imbalance with the United States and Europe.

The realization of the Chinese dream won't entail the shattered dreams of other countries. On the contrary, it helps them to realize their own dreams, be they American, Russian or African aspirations.

The methodology used by the largest developing developing country in the world to achieve its dream also provides inspiration to other developing nations that are fumbling their way out of the dark.

During his visit in Russia, Xi called for building a new type of international relations with win-win cooperation at the core. China's rise does not have to come at the cost or the fall of any other nations. The development and growth of other countries could be regarded as an opportunity rather than a threat for one's own country.

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