Editor's Note: What drives China's sustained economic growth and innovation in a changing global landscape? How do policy design, education, and expectations shape the future of an economy? In this episode of Leaders Talk, CMG's Wang Guan speaks with Nobel Laureate in Economic Sciences Thomas Sargent, one of the world's leading macroeconomists and a pioneer of rational expectations theory. They explore the forces behind China's rapid development, examine the role of Five-Year Plans in shaping long-term strategy, and discuss how stable and transparent policymaking supports economic confidence. The conversation also looks at China's emphasis on education, its rise as an innovation powerhouse, and the impact of technological advances such as electric vehicles and industrial robotics.