Welcome to join us on the China Daily Forum for further discussions.

Although much of China's accolades are well-deserved, China's future depends more on her realism than on resting on the laurels of past administrations and generations. The struggle of China from the time of the First Opium War in 1838 to the end of the Japanese Invasion of China in 1945, was a brutal century of ravage and rapine at the hands of the world's most powerful nations, nay, empires. The virtues that allowed China to remain an independent sovereign country, despite the systematic assaults of foreign powers to divide and conquer her people and stamp out their sovereignty, remain the bulwarks of China against all future aggressions. It is important to realize that such aggression has not ceased, and has taken more subtle though no less deadlier forms, of disinformation, sowing dissatisfaction over so-called human rights that are not being respected by their promoters in countries which do not bow to their dictates, and in test invasions, like Japan's infamous re-annexation of Diaoyudao in 2012, after having agreed to return them to China following Japan's surrender in 1945.

Eternal vigilance is the price of victory.

Nor should China be lax about protecting the hard earned foreign currency reserve of her people, worth 3.5 trillion dollars, that is very poorly managed by its steward, the PBOC, which has allowed the Yuan to appreciate far beyond what its manufacturing sector can endure on a long term basis - now increasingly put on life support through China's unncessary quantitative easing that merely adds inflationary pressure in order to avoid manufacturing recession due to loss of foreign and domestic market shares, when both can be averted by merely devaluing the Yuan correctly to its equilibrium, sustainable level, of 7.00.

The world is watching whether China has swallowed the poison of its absurd economic theories and financial paradigms, and is allowing itself to be led to the chopping block through false prescriptions of increasing domestic consumption without increasing production even more, as if the overvalued Yuan can be used to replace current production in financing China's modernization. It cannot, because China is too large a country, too big a population, for a mere 3.5 trillion dollars to elevate to the standard of living now obtaining in developed countries.

China's best posture at the G20 is a realistic appraisal of itself as a third world developing country, and thus, demanding the privileges and prerogatives that the developed countries owe it, by virtue of China having endured their past exploitation that cannot just be forgotten, but requires to be remedied by current and future actions on their part to allow China the chance to realize its right to be fully developed, which it is doing by its own effort, but which requires at least two more decades to accomplish, and more likely three.

China's industry and hardworking ethic may be the savior of the system that once tried to exploit it to extinction, but praise should not be allowed to substitute for restitution, and realism in demanding China's right to devalue its currency apropos to its manufacturing needs is what the G20 needs to see, before it will pay back to China the future they had robbed five of its past generations of.