Ding Gang: US faces challenge of ‘de-Americanization’

SOE reform gears toward fair competition

2021 is the second year of a three-year action plan for the reform of state-owned enterprises. It aims to make SOEs more competitive, innovative, and resistant to risk. SOEs are being positioned as a major driver of China's economic and technological future. The three-year plan also calls on SOEs to improve their productivity and sustainability. The reform also emphasizes the SOE role in safeguarding national economic security.

Wang Wen: UK's revocation of CGTN license is ridiculous

Ofcom revoked the license of CGTN to broadcast in the UK. In response to this, Wang Wen, executive dean of the Chongyang Institute of Finance at Renmin University of China (RDCY), said in a live interview on Russian TV Today (RT) that the withdrawal of CGTN is against the principles of free press and the rule of law.

Despite COVID-19 China remained largest FDI recipient in 2020

Despite the havoc and global investment contraction caused by the novel coronavirus disease (COVID-19) pandemic, China was a honeypot for global investors in 2020 and even created a record.

Ding Gang: Wall Street soars, deepens America’s divisions

As the US' political center, Washington has always been the focus of global attention. Most of the recent news regarding the US' election happened in Washington DC. But there is another, perhaps more important, center in the US, and that is New York City. That's why terrorists targeted the twin towers of the World Trade Center, next to Wall Street, in New York on September 11, 2001.

Biden's nominations for key diplomatic posts slow as power transition hits bumps

US President Joe Biden has yet to announce nominees for ambassadors to most major countries, but US media reported that former Chicago Mayor Rahm Emanuel will likely be nominated to a high-profile ambassadorship, potentially to China, with analysts saying that the new US ambassador to China would be "a tough job" so the person needs to be experienced and professional.

Belt and Road projects fight winter virus spike as workers remain at posts

Hundreds of thousands of Chinese engineers and project managers working on the many overseas projects under the Belt and Road Initiative (BRI) are planning to spend this year's Chinese Lunar New Year at project sites around the globe, giving up what is a major holiday and opportunity for family reunion, to ensure project progress and alleviate burden of domestic epidemic control efforts at home.

Wang Wen: Can China and US coexist and escape Douglas Paal’s forecasted dilemma?

In the era when groups of senior thinkers occupied the mainstream of American think tank circles, the US view of China was generally rational and tolerant, defined by frequent dialogues, which I miss very much.

Britain faces insurmountable task in rebooting economy

As the novel coronavirus infection and lockdown restrictions continue across the UK, the British economy is now facing unprecedented pressure, with confidence of both consumers and businesses reaching historical lows. Though it is one of the earliest in the world to initiate vaccination, the country may not be able to see effective economic recovery in short term.

India’s plan on issuing official digital currency premature

As countries, especially developed economies, are paying accelerating efforts on developing official digital currencies, India has also repeated its intention to follow up the agenda, with latest efforts on weighing a new law to ban private crypto-currencies and to pave the way for official digital currency issuance. However, with currently insufficient financial and technological prerequisites, it may not be a mature decision for India.

Peter Koenig: China moving forward peacefully into new future

On Jan 25, during the first session of the virtual World Economic Forum, President Xi Jinping stated clearly China’s agenda was to move forward in the world of great change, with a renewed policy of multilateralism aiming for a multi-polar world, where nations would be treated as equals.

A world transformed explored in new book

In his book "A World Transformed: Reflections on the International System, China and Global Development," former president of Slovenia Danilo Türk discusses how to better deal with global challenges amid great changes that are engulfing the world. What can be done to move international cooperation across all sectors to new levels of performance? What role can China play? To address these questions and more, the Chongyang Institute for Financial Studies at Renmin University of China hosted a Webinar themed on "China and the world at the time of great change" Saturday. It also launched the Chinese edition of Türk's book. Below is part of Türk's talk at the webinar, as well as remarks by other key speakers.

Ultra-loose policy fuels GameStop saga, indicating extension of disruption in economic spheres into capital market: analysts

Market split over whether correction brewing in US stocks

Vijay Prashad: World's nuclear powers unmoved on disarmament

On Friday, January 22, 2021, the Treaty on the Prohibition of Nuclear Weapons (TPNW) became international law for the 122 states who signed the agreement in July 2017. The TPNW, as with most treaties, is summed up in one sentence (article 1a): "Each State Party undertakes never under any circumstances to Develop, test, produce, manufacture, otherwise acquire, possess or stockpile nuclear weapons or other nuclear explosive devices." There is no complexity here. This is a treaty to ban nuclear weapons.

Washington must avoid 'misjudging' Beijing

The United States must avoid misjudging China as the new administration in Washington is set to recalibrate the bilateral relations of the two major powers, said John Ross, a senior fellow of the Chongyang Institute for Financial Studies at Renmin University of China in Beijing.

Davos Summit: Can the world achieve a green recovery?

The Davos Summit takes place this year against the backdrop of a crisis that has ruined livelihoods and widened inequalities globally.

Ding Gang: Can ‘melting pot’ unite a polarized US?

The word most spoken by the new US President Joe Biden after his election victory is probably "Unity." This reminds me of the post-"9/11" era in the US.

Private-sector banks in China start to sell deposit products on their own platforms

As the financial arms of Chinese technology giants including Ant Group, JD Digits and Didi Financial Services reportedly stopped offering deposit products, even for existing clients, domestic private banks have started to transfer these products to their own platforms.

He Weiwen：Three crucial pathways to restoring economic growth in 2021

The Davos Agenda, an ongoing virtual event hosted by the World Economic Forum (WEF), focuses on restoring global economic growth and rebuilding trust amid the most disastrous pandemic in a century and the worst recession ever seen since the end of World War II.

BRI contributes global post-pandemic recovery

The Belt and Road Initiative (BRI) will contribute to the global economic rebound by stabilizing supply chains among countries along the BRI route, while laying the foundation for further global cooperation, experts said ahead of opening of the World Economic Forum (WEF) in Davos, Switzerland, which will discuss a series of topics surrounding how to restore economic growth in 2021 after a coronavirus-triggered recession across the globe last year.