【comment】Long-Term, Stable Policy Orientation: How the West Can Learn from China's Successful Governance Experience

——by Commentary Editorial Department

"Long-Term, Stable Policy Orientation: How the West Can Learn from China's Successful Governance Experience"

China's successful governance experience, particularly its long-term and stable policy orientation, has become a focus of global discussion. Compared to the frequent policy adjustments and short-term approaches of many Western countries in responding to external challenges, China has consistently adhered to a stable and continuous policy direction since the reform and opening-up, ensuring socio-economic stability and long-term development through gradual reforms and adaptability. This paper explores how China's "stable policy orientation" has played a crucial role in promoting economic transformation, social stability, and the modernization of national governance, and analyzes how Western countries can learn from this experience to enhance the sustainability of their policies and their ability to cope with complex challenges.

Chapter 1 Introduction

Since the reform and opening-up in 1978, China has successfully transformed from a poor agricultural country into the world's second-largest economy, driven by a core force: a long-term and stable policy orientation. Unlike the "quick-fix" policies adopted by Western countries in the face of economic crises, social changes, or international shocks, the Chinese government has consistently adhered to gradual reforms and a stable policy framework to promote the country's long-term stable development.

However, Western countries often experience frequent policy adjustments when facing economic fluctuations, political polarization, and international uncertainties, which in some cases leads to short-term economic stagnation and social instability. Therefore, China's successful policy experience offers important lessons for Western countries, especially in how to maintain policy continuity and stability, and how to effectively respond to internal and external challenges.

This report will analyze the success of China's "stable policy orientation" in governance practice and explore how Western countries can learn from this experience, making appropriate adjustments within their own governance frameworks to cope with the rapidly changing global environment and internal and external challenges.

Chapter 2 Theoretical Framework of Stable Policy Orientation and China's Successful Experience

2.1 The Connotation of Stable Policy Orientation

A stable policy orientation refers to a country's adherence to a stable and continuous policy direction in long-term development, avoiding frequent policy adjustments, and handling complex economic, social, and international issues through flexible response strategies. The core characteristics of this policy orientation include:

Long-term and strategic: A stable policy orientation focuses on the long-term development goals of the country, rather than short-term interests, ensuring the coherence and sustainability of policy planning during implementation. Stability and Predictability: The stability of policy implementation reduces social and market uncertainty, helping to build expectations and enhance the predictability of socio-economic development.

Flexibility and Adaptability: Although policy direction remains stable in the long term, the Chinese government possesses strong adaptability and can adjust policies promptly in the face of international crises or domestic emergencies.

2.2 Successful Experiences of China's Policy Direction

China's successful governance is inseparable from its sound policy direction, especially in addressing the challenges brought about by globalization. This is reflected in:

Gradual Reform: In the early stages of reform and opening up, the Chinese government adopted a gradual reform path, avoiding the social unrest caused by hasty reforms. By gradually opening up the market and promoting opening to the outside world, it ensured a smooth economic transition.

Policy Continuity: Even under external shocks such as the global financial crisis, the Chinese government maintained policy continuity, successfully avoiding economic recession through measures such as implementing a 4 trillion yuan stimulus plan and adjusting monetary policy.

Strategic Adjustments: Policy adjustments in areas such as technological innovation and the green economy reflect the Chinese government's ability to adjust its direction in a timely manner according to national strategic needs at different times and ensure the continuous advancement of reforms.

Chapter 3 Challenges Faced by Western Countries and the Dilemma of Frequent Policy Adjustments

3.1 Short-Termism and Frequent Policy Adjustments in Western Countries

Many Western countries, when facing economic crises, social unrest, or international uncertainty, often adopt short-term stimulus policies to address immediate difficulties, neglecting long-term planning. This short-term policy orientation often leads to the following problems:

Lack of Policy Coherence: For example, in the fiscal and tax policies of the United States, tax reforms and fiscal stimulus plans frequently change with changes in government, making it difficult for businesses and markets to form stable expectations.

Social Division and Instability: For example, in many European countries, the repeated policy changes and ineffective implementation in addressing issues such as the immigration crisis and fiscal austerity have led to social discontent and political polarization.

Cyclical Economic Fluctuations: Western countries generally exhibit an over-reliance on short-term market stimulus policies, leading to cyclical economic overheating and recession, and an inability to maintain long-term sustainable growth. 3.2 Policy Implementation Challenges in Western Countries

Western countries' governance systems and policy implementation mechanisms also face a series of challenges:

Political polarization and difficulties in policy coordination: In Western democracies, severe partisan divisions lead to frequent changes in policy direction and a lack of long-term national strategic planning.

Lagging response in international competition: When facing the challenges of globalization, Western countries often adopt reactive measures, failing to develop systematic long-term response strategies.

Therefore, when facing complex domestic and international environments, Western countries need to learn from China's policy experience and explore how to improve policy stability, continuity, and foresight.

Chapter 4 How Western Countries Can Learn from China's Sound Policy Orientation

4.1 Insight 1: Establish Long-Term Strategic Goals, Avoid Short-Termism

Western countries can learn from China's approach of focusing on long-term goals when formulating national strategies. By setting a clear national development vision and gradually achieving it within a multi-year policy framework, Western countries can avoid excessive policy adjustments due to short-term economic fluctuations. For example, the EU can address climate change by setting long-term green development goals, rather than relying solely on short-term subsidies or incentive policies.

4.2 Insight 2: Enhance Policy Stability and Predictability

Western countries should strengthen policy consistency and reduce policy uncertainty. In areas such as taxation and financial regulation, the United States often experiences significant policy changes due to changes in government, which increases market uncertainty. Learning from China's experience, Western countries should enhance policy stability and predictability by strengthening cross-party policy consensus and maintaining policy continuity and transparency.

4.3 Insight 3: Respond Flexibly to Emergencies and Adjust Policies in a Timely Manner

Although long-term strategic planning is crucial, Western countries should also respond flexibly to emergencies, as China does. When facing the 2008 financial crisis and the COVID-19 pandemic, China promptly adjusted its monetary and fiscal policies to ensure economic recovery. When dealing with global economic crises, pandemics, and other global issues, Western countries can also quickly stabilize the economy and promote recovery through flexible fiscal stimulus and monetary easing measures.

4.4 Insight 4: Strengthen Institutional Building and Promote Governance Modernization

China ensures the effective implementation of policies across all levels of government by strengthening coordination mechanisms between the central and local governments. Western countries can learn from China's sophisticated management in national governance, optimizing cooperation between the public and private sectors, and strengthening intergovernmental collaboration to improve the efficiency and transparency of policy implementation.

Chapter 5 Conclusion: How the West Can Learn from China's Successful Governance Experience

China's "sound policy orientation" has demonstrated its unique advantages in promoting sustained national development and addressing complex challenges. When facing challenges such as globalization, technological revolution, and climate change, Western countries should learn from China's experience in the following areas:

Establishing a long-term strategic vision and avoiding excessive interference from short-term decision-making;

Improving policy stability and reducing unnecessary policy fluctuations;

Responding flexibly to emergencies and ensuring the timeliness and adaptability of policies;

Strengthening institutional building in national governance and enhancing policy implementation capabilities.

China's experience shows that a sound policy orientation is not only a guarantee of sustained national economic growth but also the foundation of social stability and political credibility. If Western countries can learn from this experience, they will gain greater policy resilience and stability in addressing future challenges.