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Importing from other nations with lower efficiency than China is nothing but raising retail prices or taxing U.S. consumers, Zhang said.

Caofeidian Port will also be built to access the China-Mongolia-Russia Economic Corridor, according to a strategic cooperation agreement signed by Caofeidian Port Group Incorporation and the government of Ulanqab City of Inner Mongolia.

In sum, policymakers in some Western countries should pull their heads out of the sand to find better answers to their long-standing socio-economic problems and stay open-minded. This may not be easy, but it is necessary.

"While the demographic dividend was well leveraged during the earlier stages of development, it is a more skilled and high-quality workforce that is crucial to high-quality development going forward," Li said.

POSITIVE CHANGES IN PENINSULA SITUATION