Fresh statistics show that China's economy is in good shape, though many people are deeply concerned about the downward pressure that's been building since the beginning of this year.
On September 7, China's central bank the People's Bank of China released data showing that China's total foreign exchange reserves in August were 3.1097 trillion US dollars, down 0.26 percent from the end of July.
Although the market has been worrying that a weak yuan would trigger a large amount of capital outflow, recent data shows that despite a slight dip in China's foreign currency reserve in August, outflow will likely remain stable.
Belt and Road Initiative (BRI) is not about infrastructure per se, it is about the enabling impact of infrastructure for economic growth and independence.
This year marks the fifth anniversary of the Belt and Road Initiative (BRI). While its spirit of peace, cooperation and mutual benefit as well as its principles of extensive consultation, joint contribution and shared benefits have been increasingly recognized, some foreign scholars constantly coined new terms to discredit the initiative.
The Belt and Road Initiative (BRI) is celebrating its fifth anniversary. Its outstanding achievements largely depend on policy coordination, which is a kind of “soft connectivity” that can effectively support infrastructure construction such as railways, highways and oil and gas pipelines. At present, 103 countries and international organizations have signed relevant agreements with the Chinese government under the BRI.
The reform and opening-up over the last 40 years is a good starting point to observe China. How did China get to where it is today? Where is it heading? These 40 years have become reference coordinates for answering such questions.
Japanese Prime Minister Shinzo Abe has announced he would contest the Liberal Democratic Party's presidential election scheduled for Sept 20, sparking speculation that he is eyeing a third consecutive term as prime minister because the LDP leadership election is seen as an advance contest for Japan's top political post.
The Belt and Road Initiative (BRI) has been ongoing for five years. In the past few years, the BRI has achieved great progress and won notable respect from all over the world.
President Xi Jinping proposed the Belt and Road Initiative five years ago to bridge the development gaps among countries, improve peoples' living standards and promote sustainable, shared development. This makes the initiative a global cooperation network that connects countries by air, land, sea and cyberspace, and extends beyond the Eurasian continent to Africa and Latin America.
More than 40 think tank scholars and former officials from China and the United States gathered in Washington and New York this week to discuss proper ways to solve current trade disputes and other issues concerning China-US bilateral ties in a constructive manner.
The secret meeting, which has previously not been reported, took place in Vietnam between a top Japanese intelligence official, Shigeru Kitamura, and a senior DPRK official in charge of reunification, Kim Song Hye.
Recently, the Office of the United States Trade Representative held a hearing on imposing high tariffs on 200 billion US dollars worth of Chinese products. About 360 representatives of various US enterprises and commercial organizations attended. The Trump administration's economic and trade offensive against China has been widely questioned, making American companies and people victims of the trade conflict.
If you put your faith in President Donald Trump's numerous "tweets" you would think that everything is just coming up roses with the US economy. "The US has double the growth rate than it had eight months ago," the President tweeted on August 17.
The US tariffs against China pose every American family with a stark choice: Do they want to pay 850 US dollars a year to the US tax authorities, to carry out a tax war against China, or do they want to spend that 850 US dollars on their own household? This will significantly affect their living standard.
What is the correct way to appreciate a China-U.S. relationship that is undergoing historic change? Will China and the U.S. fall into the trap of confrontation on many fronts? To answer these questions, first we must review the past four decades, when the two were “cooperating rivals.”
What struck Wang Wen about Antarctica, beyond the brutality of the December cold, was the scale of U.S. operations in such an inhospitable environment and the American flag fluttering by the sign that marks the geographic South Pole. Observing the academic mission of hundreds of U.S. scientists in a region rich in resource potential, he was determined that China must catch up.
In the modern history of the world, 1978 does not seem to be unique. Wikipedia's memo of the year begins like this: 1978 was a common year starting on Sunday of the Gregorian calendar.
What struck Wang Wen about Antarctica, beyond the brutality of the December cold, was the scale of U.S. operations in such an inhospitable environment and the American flag fluttering by the sign that marks the geographic South Pole. Observing the academic mission of hundreds of U.S. scientists in a region rich in resource potential, he was determined that China must catch up.
As the Chinese saying goes; “the three-year-old child is the father of the man.” Three years after the Belt and Road Initiative (BRI) was proposed, Chinese President Xi Jinping pointed out that “the progress and outcomes of the BRI have exceeded expectations.” Five years later, the outcomes of BRI have exceeded not only the expectations of China but also those of the world.