The national approach is both collective and individual, and positive psychology can facilitate both

While the Chinese dream has captured worldwide attention, there is widespread speculation as to what it really means. Meeting with US President Barack Obama in California on June 8, Chinese President Xi Jinping stated: "By the Chinese dream, we seek to have economic prosperity, national renewal and people's well-being. The Chinese dream is about cooperation, development, peace and win-win, and it is connected to the American dream and the beautiful dreams people in other countries may have."

Kaiping Peng, a cross-cultural psychologist, welcomes Xi's clarification. "After all, Chinese culture differs from American culture, but they are connected," Peng said. "American culture is more individualistic, while Chinese culture is more collectivistic. That's why the American dream focuses on individual well-being, while the Chinese dream has the extra latitude to include the collective dream of the nation. However, both people want prosperity, love and well-being. Both are inspired by dreams and are prepared to work hard to realize them."