India orchestrated the standoff to not just guarantee the security of the Siliguri Corridor - India`s sensitive "chicken`s neck" connecting its central and northeast regions, but more importantly to jeopardize China`s Belt and Road initiative. In this way it can reverse its strategic disparity with China in South Asia and the Indian Ocean region and tighten its grip on small countries there.
At the National Financial Work Conference last month, President Xi Jinping emphasized the need to prevent systemic financial risks, because finance is the core competitiveness of a country and financial security is a significant part of national security. The goal of financial work is to serve the real economy while preventing risks, for which financial reform is necessary.
We are living in a seemingly rudderless world full of uncertainty thanks to the simultaneous existence of globalization and anti-globalization sentiments. As a result, the paradigm of global governance has begun a momentous yet bifurcated shift, making adaptation difficult for countries, large and small. Yet countries have to understand and timely adapt to this shift, both individually and collectively.
News about the construction of the Kra Canal in southern Thailand appeared on Chinese media again. Thais with close connections to China are reportedly beating the drum and tying the construction with China`s Belt and Road initiative (BRI), through which they think they can acquire financial support for the construction.
Domestically, economic downward pressure has been increasing, and financial risks that were formerly concealed by rapid economic growth have been emerging. Chaotic conditions exist in some areas: there is an overheated real estate industry with related nonperforming loans, local government debt is at risk of default, and Internet finance and shadow banks are putting intense pressure on systemic liquidity.
On the morning of August 4 in Argentina, guided by the China Public Diplomacy Association, co-sponsored by Chongyang Institute for Financial Studies at Renmin University of China (RDCY) and the Argentine International Relations Committee, "Sino-Argentina Think Tank Global Governance Dialogue" was held in Buenos Aires.
North Korea`s latest test of an intercontinental ballistic missile last week aggravated tensions on the Korean Peninsula. Using sanctions passed by the UN Security Council, the US has been pressing China`s neighboring countries to cut their economic ties with North Korea, stepping up its strategic control of China`s neighborhood.
Seventeen-members of “2017 Zhi-Xing China: China-U.S. University Student Leaders Academy” delegation visited Chongyang Institute for Financial Studies at Renmin University of China (RDCY) in the morning of July 28th, and take part in a lecture with the theme of “Global Governance Innovative Development & China-U.S.
Recent publication of U.S. GDP figures for the 2nd quarter means data is now available for comparison of China and America, the two largest economies, for the first half of this year.
Beijing is the "smartest" city in China, according to a report on the cashless society released Monday.
The report was jointly published by Chinese tech giant Tencent, the Chongyang Institute for Financial Studies at Renmin University of China, and French market research firm Ipsos.
The first China-US Comprehensive Economic Dialogue (CED) concluded in Washington recently. Many Western commentators noted that it produced no major breakthroughs.
Standing on the top of the monumental gate into Russia at the border city Manzhouli and looking north, I can see Zabaykalsk, the final stop of the Far Eastern Railway within Russia. The Russian town is also an important pivot of the Belt and Road initiative. Many of the freight rail lines linking Chinese cities with European countries that opened in the past year pass here.
A number of provinces and cities are eager to be involved in the "Belt and Road"(B&R) initiative, including Southwest China`s Tibet Autonomous Region. The opening-up of Tibet is in line with the general trend, but due to some historical and geopolitical factors, it has had to face some special challenges involving international strategy and security in the process of its development.
After tenacious efforts by all G20 members, with the US as a dissenting voice, the recent G20 Hamburg Summit maintained the basic course of the G20 on global governance for a prosperous global economy. This was achieved against a strong headwind of systemic de-globalization policies proposed by President Donald Trump of the US.
The 12th G20 Summit will be held in Hamburg, Germany on 7th and 8th July. On this occasion the theme of the summit is “Shaping an Interconnected world”, expressing the participants’ desire to maintain an open trade system and promote globalization, and their resolve to do so. Economic globalization cannot be realized without the support of financial globalization, and therefore maintaining the stability of the global financial system is vital to global economic growth.
India, Bangladesh and Myanmar are all founding members of the Asian Infrastructure Investment Bank (AIIB). Under the frameworks of AIIB and the Silk Road Fund, some infrastructure projects and industrial projects related to the BCIM Economic Corridor are still possible.
The key to the Belt and Road lies in the connectivity of interests. Discovering and developing more common interests among different countries and regions through the Belt and Road will boost their cooperation in addressing many a conundrum.
US President Donald Trump and his Chinese counterpart Xi Jinping have kept on good terms. The two heads of state met again at the G20 Hamburg summit after their first face-to-face meeting at a Florida resort in April. This time they aimed at developing the 100-day plan for trade cooperation rolled out at the previous Mar-a-Lago summit into a one-year project.
In recent years, Hong Kong`s economy has been facing the pain of transition, amid financial turbulence at home and abroad and challenges to Hong Kong`s status as an international financial center from Singapore and other cities. At this critical moment, the Belt and Road (B&R) initiative can endow Hong Kong with new impetus.