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Ding Gang: Chinese investment can uplift Italian ports
The former residence of Marco Polo in Venice has been a must-see for Chinese tourists. This Venetian, who was born on September 15, 1254, is the most familiar Italian name to Chinese. He came to China with his father and uncle via the Silk Road in 1271. The Travels of Marco Polo has had profound influence.
2019-03-21 -
Italy’s plan to join BRI aims to build multiple gateways between Asia and Europe
Italy is set to sign a memorandum of understanding with China on cooperation within the framework of the China-proposed Belt and Road Initiative (BRI). The move will have profound impact and be of great significance to both countries.
2019-03-20 -
William Jones: China's experience helps transform an African desert into a garden
With the upcoming visit of Chinese President Xi Jinping to Italy, there will no doubt be some discussion of cooperation between the two nations on the African continent. For Italy, helping to resolve the dire economic situation in Africa is both a humanitarian and an economic concern. The devastated economy in many African countries is bringing more and more refugees to Italy's shore, and the burden is taking its toll on the Italian economy. For China, Africa has always been a particular concern having shared in the condition of underdevelopment for so many years. Even when both were clearly developing countries, China offered its assistance to its African brothers.
2019-03-20 -
Long Xingchun: US-Japan-India-Australia alliance stillborn
According to The Associated Press, Admiral Phil Davidson, head of the US Indo-Pacific Command, suggested in Singapore earlier this month that a loose security grouping of US, Japan, Australia and India, which is known as the Quad, may be shelved for now, as Indian navy chief Admiral Sunil Lanba "made it quite clear that there wasn't an immediate potential for a quad."
2019-03-19 -
US defense budget points to vaulting ambitions from ‘America First’ to ‘Military First’
Spending on defense accounts for about $750 billion out of a total budget outlay of $4.6 trillion proposed recently by US President Donald Trump. Apart from related expenses allocated to agencies such as the US Department of Energy, the Pentagon will get $720 billion in this budget - an increase of around $3.3 billion over fiscal year 2019.
2019-03-19 -
Wang Peng: China's targeted poverty reduction and the UN's 2030 sustainable development goals
From early 2014, China started a new and wide-ranging program to reduce the nation's poverty. This grand endeavor can also be viewed as a key part of the global plan to lift people out of poverty.
2019-03-15 -
Wang Yiwei: Why is the Belt and Road Initiative misunderstood?
"The Belt and Road Initiative (BRI) is aimed at achieving true common prosperity instead of the mere satisfaction of self-interests," Chinese President Xi Jinping once said. The BRI is indeed the most important public good offered by China to the international community, demonstrating the Chinese wisdom and putting forward a Chinese approach to navigate globalization and global governance.
2019-03-14 -
Ding Gang: Don’t allow religion to infiltrate education
Almost all emerging economies in Asia that became independent after WWII are grappling with religious problems. Opposing pulls among ethnic groups and religions born out of such problems are one of the principal reasons behind unrest and disputes between neighboring countries.
2019-03-14 -
Liu Zhiqin: A shining star in Chinese banking industry
It is really great news that Zhou Xiaochuan, the former governor of Chinese Central Bank-the People's Bank of China, won the 2019 lifetime achievement award from London-based Central Banking Publications as the sixth winner of this award.
2019-03-13 -
Long Xingchun: India’s tariff feud with US exposes fault lines
In a letter to the Congress earlier this month, US President Donald Trump signaled plans to end preferential trade treatment for India that allows duty-free entry for Indian exports worth $5.6 billion. This is another front in his trade war after the US announced 25 percent tariffs on imported steel and 10 percent on aluminum in March 2018.
2019-03-13 -
Yang Fanxin: Draft law unveils China's open stance of competitive neutrality
China's new foreign investment law has entered the countdown stage with the beginning of the second session of the 13th National People's Congress (NPC).
2019-03-11 -
John Ross: China's NPC tackles global slowdown and climate change
At the annual National People's Congress (NPC) meeting, China has set its economic growth target for 2019 at 6.0 to 6.5 percent. To put this into comparison with the word's three largest economies, China is expected to grow this year more than twice as fast as the U.S. and more than three times as fast as the EU.
2019-03-11 -
Wang Yiwei: The trap of BRI debt trap
"Give a man a fish and he eats for one day. Teach a man how to fish and he can eat forever." It's a common saying and underpins much of the Western foreign aid budget.
2019-03-11 -
RDCY: An in-depth analysis of Chinese government work report from financial perspective
On the morning of March 5, the premier Li Keqiang delivered the government work report which showcases the resolute mind of the Chinese government that puts into practice reform and opening-up policy in an all-round way. It can be reputed as an annual transcript of the government subject to social deliberation, as well as a holistic deployment of work for the new year to come.
2019-03-08 -
He Weiwen: China needs to break financing bottleneck for small, micro businesses
Premier Li Keqiang announced a series of policies and measures favoring Chinese private economy in his Government Work Report to this year's National People's Congress (NPC), which opened on March 5.
2019-03-08 -
What's behind China's improved business environment?
China's business environment is perhaps the hottest topic in the annual meetings of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) and the 13th National People's Congress (NPC). The issue has attracted a great deal of attention especially as the world's largest two economies are mired in a trade war.
2019-03-07 -
India needs to seize opportunity in RCEP talks
On Saturday, trade ministers from 16 Asia-Pacific countries gathered in the Cambodian city of Siem Reap to resume negotiations over the Regional Comprehensive Economic Partnership (RCEP). The proposed RCEP, which aims to create one of the world's largest trading blocs encompassing 45 percent of the world's population and 40 percent of global trade, is now at a critical moment. While the participating countries generally hope to reach a final deal by the end of this year, uncertainties should not be overlooked.
2019-03-07 -
Ding Gang: Nepal refuses to drift between China and India
International relations observers are more likely to see Nepal as a piece of bread sandwiched between China and India. The metaphor is often used by Western media in terms of geopolitics of the region.
2019-03-07 -
Chen Dingding: Trade War Truce Will Relieve the U.S., for now
On February 24, U.S. President Trump twitted that he would delay the tariffs increase due to progress in negotiations with China, indicating that the possibility of reaching an agreement increases. The Sino-US trade friction in the past few months has confirmed that continued confrontation can only hurt China and the United States and even endanger the global economy. According to Reuters, the trade war has caused billions of dollars in losses to both sides. After announcing the above decision, Trump made a speech at the White House and expressed his hope to reach a trade agreement with China that is beneficial to both countries. In fact, if the issue gets properly resolved, it will be positive news not only for China and the United States but also for the whole world.
2019-03-07 -
Wang Peng: SK not mauled by failure of Hanoi summit
The high-profile summit between North Korean leader Kim Jong-un and US President Donald Trump ended without an agreement in Hanoi, Vietnam. Some observers believe that South Korea has been the biggest loser as the Hanoi summit fell apart. In their opinion, South Korean President Moon Jae-in had been eyeing major diplomatic achievements from the summit. But the Moon administration, observers say, was disappointed.
2019-03-06
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