Taiwan and China have reached initial consensus on the exchange of representative offices after two rounds of informal consultations and three rounds of formal talks since early April, according to local media reports.

China will almost certainly pass the United States in the total size of its economy within a decade or so. But if one looks also at military and "soft power" resources, the United States is likely to remain more powerful than China for at least the next few decades. Does it matter?

From June 16 to 23, the city of Shanghai will be host to the 16th annual Shanghai International Film Festival, an international platform for foreign filmmakers to connect with audiences in the world’s fastest growing film market. The festival’s main programs will include an awards ceremony, a professional film trade gathering of international producers, distributors, and buyers, a forum featuring lectures by industry professionals, and international film screenings.

This soft-power deficit could prove a big headache for the new Chinese president because there is increasing international concern, suspicion and even outright hostility as China's international role expands. In the U.S., for example, the public's favorable attitude toward China fell by more than one-fifth in one year — to 40 percent in 2012 from 51 percent in 2011 — according to Pew Global Research Projects.

China’s President Xi may not have talked about his dream --- what he calls the “China Dream”--- during his first “face-to-face” talks with U.S. President Obama, but some perceptive China watchers and analysts have written about its meaning and implications for all countries of the world.

A second issue to address is that, traditionally, there has been too little emphasis from China on public diplomacy efforts to reach out directly to foreign publics. Instead, Beijing has often placed emphasis, especially in Africa and the Middle East, on improving working relationships with strategically important governments through assistance programs that may not always serve the interest of local peoples. This is now changing. China has rapidly developed public diplomacy skills and policies. But more change is urgently needed if hearts and minds are to be won across the world.

As a non-profit public institution, the Confucius Institute links up with worldwide universities, colleges and secondary schools providing teachers and materials for their Chinese education at different levels. The conference, held in the first higher-learning institute established in the Western world in 1088, gathered the heads of 72 Confucius Institutes and Confucius Classrooms from all over Europe. The Old Continent can be considered "mature" for the institution's development, Xu said.

In Beijing, the country’s leadership was recognizing the importance of soft power. Meanwhile in Hollywood, DreamWorks was given the green light to a movie called Kung Fu Panda. I would love to tell you that we did this as part of a very shrewd strategy to gain entrée into China. It wasn’t. We just liked the idea of a film about a panda who wants to do kung fu.