Deng Qingbo finds that those who have “grown rich first” during China’s initial period of reform and opening up, and who have grown rich a second time by consolidating their holdings, now find themselves locked in an endless pursuit of wealth with no clear direction to better themselves. He thinks it is high time that they “grow wealthy for the third time” in the spiritual sense, and give back to society by developing a truly influential and well-respected corporate culture. It works out well that this would be in line with China’s “common prosperity” goals.

Chinese academic Deng Qingbo examines the recent Alaska meeting between China and the US, and concludes that Japan plays a hidden but crucial role in how the China-US relationship is developing. As Japan has much to gain from conflicts and intense competition between China and the US, it may indulge in actions that could worsen such big power competition and land the world in a disastrous situation.

Adherence to IP protection and the rule of law are common and valid concerns of US and Western practitioners doing business in China. Commentator Deng Qingbo says that in that light, China’s recent stated focus on technological innovation should be cheered, as science, rational thinking, abiding by the rules, and even democracy often go together. At the same time, the Chinese need to better communicate their desire to share the fruits of their technological advancements with the rest of the world.

From China’s perspective, Australia has been trying to have its cake and eat it too by seeking to rely on the US for security and China for economic benefits. If recent frictions are anything to go by, this balancing act is fraught with contradictions. Will Australia and other countries start to see that the Asia-Pacific’s interests are best served by both China and the US having a stake in the security and economic well-being of the region?

Even as some dismiss the US and say it is set on a downward trajectory, commentator Deng Qingbo says its powers of recovery are too strong for it to be ruled out. As a superpower, it has the means to make adjustments and move forward. China has much of that resilience too, given that is the only country in the world with an unbroken civilisation of 5,000 years. Deng examines the strengths and weaknesses of both nations in terms of their abilities to recover from setbacks, and their nimbleness in correcting mistakes.

Deng Qingbo observes that despite sharing the same language and ethnicity as the mainland Chinese, the Taiwanese have been quicker to imbibe Japanese culture than Chinese culture per se. He sees that mainland China has a lot of catching up to do if it is to win the hearts and minds of the Taiwanese and reclaim some of the admiration it once enjoyed in areas such as civilisational development, culture, and literature.

Even though the countries are in a state of “non-war”, US-China tensions will not go away, says Chinese scholar Deng Qingbo. The US can only be expected to continue using China as a bogeyman even after the presidential election. While he is confident that China will be able to handle containment measures thrown at it deftly, he warns that it needs to guard against being increasingly withdrawn from the world as it nurses its bruises from its battles with the US. Failing to do so would only mean the US has succeeded in thwarting its goal of greater reform and opening up.

The retrial and reinstatement of a death sentence meted out to crime boss Sun Xiaoguo is not only a win for those championing legal reform, but also those looking to strengthen China’s business environment. This landmark case exposes corruption ills and eradicates bad hats in one fell swoop.

Deng Qingbo sees great similarities between the trade-deficit-induced Opium Wars and the current China-US trade war, right down to a literal opioid — fentanyl, often discussed in the trade talks — and a figurative one, the irresistible drug that politicians and others have made out of demonising China as they ride a wave of populist sentiment. Amidst the current smoke and mirrors, he does not rule out the possibility that tensions between China and the US could tip over into war.