Lance Gore analyses that the knowledge economy offers great potential for bettering the lives of people. But capitalism may not be the best route to take. Power in the hands of a few, income gaps, job losses and wage cuts in the digital age bear this out. Can China offer a third way as it seeks to marry socialism with a market economy? The West is already considering some proposals with a socialist bent such as the Universal Basic Income (UBI). Surely, proponents of socialism can think of even more revolutionary ideas?

China should de-emphasise Chinese exceptionalism if it wants to be accepted by the international community, says senior research fellow at the East Asian Institute, Lance Gore. But that is not the same as lying low or blending into the background. The fact is, China did build a post-reform hybrid system that has worked well for the country. What it really needs is to disassociate itself from the ossified stereotypes of socialism under Stalin or Mao, and rebuild its image on the strengths of market socialism. Only then can it let people sit up and take notice, rather than be given notice.

Senior research fellow at the East Asian Institute Lance Gore says that China must learn to rein in its rage and impatience and do its fair share of self-reflection. What good would it do if it gives in to petty emotions and provokes a US-led coalition against it? For sure, it still has room for manoeuvre, thanks to the attractiveness of its huge consumer market. But it must not miss the woods for the trees: the US is still more powerful than it is and the two are better off as friends than enemies. Question is, will China be able to be humble, look itself squarely in the mirror, and refrain from doing the things it must not?

EAI academic Lance Gore says that the Communist Party of China is reenacting the “great leader model” and reviving many practices of the Mao era. These include tightening control over information flow and restricting freedom of speech, enhancing propaganda and ideological and political indoctrination, emphasising obedience and absolute loyalty, advancing the ideal of the party acting for the government, among others. He says these anti-modernisation tactics need to be addressed as China attempts to modernise its governance and build institutions with soul.

China has put a lot of effort into modernising its governance system over the decades, but it still seems to miss the mark or to have even regressed in some areas. EAI academic Lance Gore puts this down to a muddled understanding of what true modernisation entails. Cult of personality, formalism, and conformity still permeate the system to a large degree, such that decision-makers live in a bubble thinking that all is well.

China has faced reversals of fortune numerous times in history, sometimes for better, sometimes for worse. After enjoying decades of upward ascent since its economic reform and opening up, some says China’s fate is about to be reversed again with the coronavirus pandemic, a mammoth disruption that kicked off the 2020s. Lance Gore argues that such massive shock to its political and economic system exposes chinks in its armour but does not necessarily unravel a big country with the world’s most comprehensive industrial structure.

Mao said that “the Chinese people have stood up” when he proclaimed the People’s Republic of China in 1949. Lance Gore from the East Asian Institute says, more than 70 years later, if a Chinese person cannot speak his mind without fear of recrimination, one can hardly profess that the Chinese people have truly stood up.

Lance Gore, senior research fellow of the East Asian Institute, warns that a new cold war awaits China and the US if they continue to talk over each other. How can the two giants see each other in a better light? How can China improve its rule of law and governance practices?

Lance Gore from the East Asian Institute says that the shape and form of widespread protests around the world show how states are fast losing their authority to govern. Systems in liberal democracies give protesters the space to air their views, but not necessarily the solutions they are looking for. In this regard, China’s brand of authoritarianism coupled with good governance may surprisingly be the tack to take.