Developments since the launch of Shanghai's Free Trade Zone (FTZ) last year illustrate again how parts of the Western media continue to fail to grasp both China's economic policy.
China has overtaken the United States to become the world's largest goods trading nation. This has major implications for world commerce and ongoing trade negotiations.
Further easing the family planning policy will not lead to a population boom, which the authorities fear, because demographic development always moves in waves.
China is experiencing a warranted and much needed change by announcing plans for converting 600 of its universities to polytechnic institutes earlier this year.
We should welcome rather than be afraid of a baby boom, because it could effectively resist three major risks: population loss, population decline and an unbalanced population.
As China changes the way it handles population control, the government needs to situate these reforms within a broader context of national socio-economic development.
The PRC has enhanced the rule of law cautiously by creating a much safer financial system and enhancing government transparency over the past two decades, but there is still work to be done.