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Bian Yongzu: The bright and not-so-bright spots of China's economy
National Bureau of Statistics has announced the economic figures of China in 2018. According to preliminary calculations, the annual gross domestic product was 900,309 billion yuan, an increase of 6.6 percent over the previous year. In terms of industries, the added value of the primary industry was 64,734 billion yuan, an increase of 3.5 percent over the previous year; the added value of the secondary industry was 366,001 billion yuan, an increase of 5.8 percent; the added value of the tertiary industry was 469,575 billion yuan, an increase of 7.6 percent.
2019-02-14 -
He Yafei: The Crisis of Capitalism and the Evolution of China-US Relations
From the Brexit referendum of 2016 to the US general elections the same year, and from the recent “Yellow Vest” protest in France to the forming of rightwing and leftwing governments in Europe and Latin America, the systemic crisis of capitalism has made its way from North America to Europe and other parts of the world. No one knows how long the crisis is going to last and how extensive or profound its impact will be to the political and economic order of the world. This is what people often call “the world of enormous uncertainty”. This is what President Xi Jinping has reminded us time and again that “our world is undergoing profound changes unseen in a century”. So, what is the origin of this crisis? And how deeply will it affect China-US relations?
2019-01-24 -
Liu Zhiqin: The US-China tug-of-war will keep going, but it still has to be a friendly game
Relations between China and the US have experienced bad times and good times over the several decades. The two countries, overall, have been living in peace with each other with only occasional small spats. The stable development of US-China relations has been the main reason that world economy is gaining momentum. Without it, there would be no stable globalization nor the last 40 years of prosperity for the world.
2019-01-24 -
Danilo Türk: China's critical opportunity at Davos
The annual meeting of the World Economic Forum (WEF), which is starting this week in Davos, is creating significant expectations. In the past, WEF meetings have identified, with remarkable weight and clarity, both the fundamental problems of the world and the urgent tasks of our time. This has helped policymakers in designing their decisions. The speech of China’s Vice-President Wang Qishan, scheduled Wednesday, Jan 23, is eagerly awaited.
2019-01-23 -
Micro firms handed a boost, thanks to new breed of private banks
Things for Peng Jindong's small e-store, which mainly sells street-dance wear on the leading Chinese online marketplace Taobao, first took off when he obtained a non-collateral credit line of 1 million yuan ($148,000) a few years ago from Zhejiang E-commerce Bank Co Ltd, one of the first five private banks established in China as pioneers of a pilot program.
2019-01-22 -
Wang Yiwei: Can US’ Asia Reassurance Initiative Act contain China?
US President Donald Trump signed the Asia Reassurance Initiative Act (ARIA) into law on December 31, 2018, which attempts to "develop a long-term strategic vision and a comprehensive, multifaceted, and principled United States policy for the Indo-Pacific region, and for other purposes." In essence, the purpose of Trump's ARIA resembles the "rebalance to the Asia-Pacific" strategy in the previous Barack Obama administration, but it differs in several ways with the Obama policy.
2019-01-22 -
Chinese, Indian EV manufacturers should travel the long and windy road together
While implementation-specific details may be missing from India's ambitious electric vehicle (EV) goal for 2030, its market potential still represents an opportunity for Chinese EV players as long as the Indian government's incentive policy is favorable enough.
2019-01-21 -
Changing consumption patterns: Chinese Millennials react to Alipay annual account statement
The statement is a digital bill summing up the user's spending and consuming habits on living necessities, transportation, entertainment, food and other occasions in 2018.
2019-01-21 -
Ambassador Cui: China taking advantage of the US? It's a myth!
An International Symposium to commemorate the 40th Anniversary of establishment of China-US diplomatic relations was held in Atlanta on January 18, 2019. Chinese Ambassador to US Cui Tiankai delivered a speech.
2019-01-19 -
Zhao Minghao: The World Bank should not be a proxy for China-U.S. competition
Who will succeed the abruptly resigned Jim Yong Kim as the next president of the World Bank has drawn much attention from the international community. The White House has recently denied that President Trump's daughter Ivanka is a candidate for the post. Ivanka has been only assisting U.S. Treasury Secretary Mnuchin and White House Acting Chief of Staff Mulvaney in the selection of candidates for the World Bank president.
2019-01-18 -
Why slower population growth should not drive us to press panic button
Latest figures suggest that China's population is set to peak at 1.442 billion in 2029, beginning a steady decline in the following years.
2019-01-17 -
Wang Peng: ROK stops calling DPRK 'enemy'
It's been reported that the Republic of Korea (ROK) has stopped calling the Democratic People's Republic of Korea (DPRK) an “enemy” in its biennial defense document published Tuesday. This has been widely regarded as Seoul's latest effort to continue its reconciliation with Pyongyang.
2019-01-17 -
Ding Gang: What holds back Myanmar’s development?
With the progress of China-Myanmar relations, the resumption of the Myitsone Dam project in northern Myanmar can be placed on the agenda of both parties. The Myitsone Dam is a hurdle in the way of China-Myanmar relations and an obstacle to Myanmar's economic development and attracting foreign investment. Both sides need to work together to resolve this.
2019-01-17 -
Liu Zhiqin: The secrets lie in AIIB's success
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank proposed by China and jointly established by 57 countries on December 25, 2015. It began operations on January 16, 2016, and it has now grown to 93 approved members worldwide.
2019-01-17 -
William Jones: U.S. should work with other nations to realize the common aims of mankind
The establishment of US-China relations 40 years ago was at the same time the revitalization of a relationship that stretched back nearly to the founding of the United States. The first American ship to arrive in China, the Empress of China, docked in Guangzhou in 1784, three years after the American Revolution.
2019-01-14 -
Jin Canrong: Using diplomacy to meet economic needs
The year 2018, among other things, was marked by turbulence, from the China-US trade frictions and the lingering economic downturn in European economies to the increasingly complicated situation in the Middle East and the crises in Latin American countries. Which means 2019 could throw up more uncertainties.
2019-01-14 -
Liu Zhiqin: Is Uncle Sam going to be the catalyst to another multifaceted global crisis?
It was 10 years ago when the US triggered the world financial crisis, which is still affecting the global economy. So, the question now is, will the US usher in another hazardous and dreaded political crisis?
2019-01-14 -
Wang Yong: The U.S. and China domestic adjustment and trade relations crisis
The year 2018 has witnessed the celebration of the 40th anniversary of China’s reform and opening up, as well as the 40th anniversary of the establishment of diplomatic relations between China and the United States.
2019-01-11 -
Wang Yong: The U.S. and China domestic adjustment and trade relations crisis
The year 2018 has witnessed the celebration of the 40th anniversary of China’s reform and opening up, as well as the 40th anniversary of the establishment of diplomatic relations between China and the United States.
2019-01-11 -
Chen Dingding: Challenges for the US-China Trade War ‘Truce‘
China and the United States agreed on a 90-day ceasefire in the trade conflict at the G-20 summit in Buenos Aires in December last year. Since then, roughly half of that 90 day period has come and gone. At the meeting, Chinese President Xi Jinping aimed to persuade Donald Trump, his American counterpart, to abandon plans to raise tariffs on $200 billion in Chinese goods to 25 percent starting in January 2019.
2019-01-10
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