Harvard University Fairbank Center For Chinese Studies

In the past few years, even the most optimistic scholars will not deny that China’s relations with Western countries have encountered big difficulties. Whether China accepts this willingly or not, the external conditions needed to maintain China’s past economic growth model are now absent. The “Rural Revitalization” strategy promoted by Xi Jinping is generally regarded as an internal social governance issue, aimed at promoting social equity, balancing urban-rural differences and protecting the natural environment. However, can “Rural Revitalization” also be seen as a strategy to help China cope with “competition” from Western countries? Can it reduce China’s dependence on the US dollar? Does it represent a new and unprecedented development model?