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Ding Gang: BRI embodies a different modernity norm
Even Western media outlets skeptical about or even opposed to the China-proposed Belt and Road Initiative (BRI) have to admit that its progress has helped spread the country's influence - the major cause of the West's anxiety. Why is the rising influence of China bad news for the West? On the surface, they believe that through the BRI, China is spreading a way of modernization which does not conform to Western civilizational norms. In essence, they consider China unqualified to disseminate modernity around the globe.
2019-12-26 -
William Jones: A Great Nation on the Rise
China’s development over the last 70 years has been absolutely breathtaking. Because of the commitment of the Party to improving the people’s livelihood, problems that developed along the road were always ultimately resolved on the basis of that commitment.With the reform and opening-up, China was then open to the world in all respects, and thus was given an opportunity to accelerate its own development process with increased trade and foreign investment to accelerate its own development process.
2019-12-26 -
William Jones: Neocons shaping a new enemy image of China
Since the declaration of this policy, the attempt to paint China as a major "opponent" to the US has become something of a whole-of-government affair. It is highly ironic that this occurs at a time when you have an elected president, whose explicit goal had been to create a working - and friendly - relationship with both China and Russia. But US President Donald Trump' s unfortunate focus on trade as the key to reviving the American economy has unfortunately contributed to this as well.
2019-12-25 -
‘Win-win' wins app's Word of the Year contest
In answer to the app's call to reflect on the world and nominate a 2019 word of the year, readers from around the world selected the word that in their view captured the international events that caught their attention over the past 12 months. Five top words were chosen from hundreds of candidates－Belt and Road, climate crisis, multilateralism, turbulence and win-win.The app received altogether 10,569 votes from Dec 13 to Monday, with 38 percent of voters selecting "win-win".
2019-12-25 -
Wang Wen: Global resources key to Chinese firms
From this perspective, both Chinese companies and the Chinese government should learn to optimize the allocation of people, energy, currency, information, law, taxation, culture, institutions, think tanks and other resources, thus to maximize their profitability and benefit the local people.This process has already begun. Since 2013, the China-proposed Belt and Road Initiative (BRI) has been promoted across the world. China has signed agreements on Belt and Road construction with more than 160 countries and organizations.
2019-12-24 -
Chinese experts split over phase one deal's significance for China-US ties
Chinese experts on Saturday debated how the phase one trade agreement will impact China-US relations, with some arguing that the deal is too superficial to bring down tensions. Others suggested that the agreement could mean a turn for the better. There is no winner in a trade war and the biggest take-away from it is that the US has come to realize that nations can peacefully coexist while being different, Wei Jianguo, former Chinese Vice Commerce Minister, said at the Global Times annual conference in Beijing on Saturday.
2019-12-24 -
Bay Area in vanguard of China's global march
The Guangdong-Hong Kong-Macao Greater Bay Area is in the vanguard of China's global economic rise, said John Ross, senior fellow at the Chongyang Institute for Financial Studies at Renmin University of China. Technological development in the region stimulated the integrated development of the entire Bay Area, which also contributed to the development of the world economy, Ross said in a speech at Vision China in Macao recently. He said the region is at the forefront of the "flying geese" development of China.
2019-12-23 -
More US goods to be exempted from tariffs
China on Thursday extended another goodwill gesture to the US by exempting more US products from its tariffs, as officials on both sides continued to put the final touches on the phase one trade agreement, whose text was agreed on by both last week.The decision to release a second list of US products to be excluded from China's tariffs imposed in retaliation to the US' tariffs followed recent purchases of US soybeans, highlighting China's swiftness in keeping its commitments, experts noted. Washington should also follow suit to honor their commitments.
2019-12-23 -
William Jones: The Path Forward
The Fourth Plenary Session of the 19th Central Committee of the Communist Party of China (CPC) , held in late October, received lots of attention. The session gathered 202 members and 169 alternate members, who discussed a work report presented by General Secretary of the CPC Central Committee Xi Jinping, followed by review and adoption of the Central Committee's decisions contained in a draft document on upholding and improving the system of socialism with Chinese characteristics and advancing the modernization of China's governance system.
2019-12-23 -
Liu Zongyi: How CPEC hurdles can be overcome
China and Pakistan are all-weather strategic cooperative partners. The two countries are forging a community with a shared future in which China-Pakistan Economic Corridor (CPEC) will play a major role. The CPEC is a major pilot project of the China-proposed Belt and Road Initiative (BRI). Yet the speed of construction of the CPEC has been slowing down recently for which there are three main reasons.
2019-12-20 -
Ding Gang: How will Europe respond to China’s rise?
Two recent events in Europe have been extensively followed by Chinese media. First, as UK's general election was held on December 12 amid a volatile political climate, Brexit became a foregone conclusion. Second, the 5G technology of Chinese tech giant Huawei is facing resistance in Europe. The two events are landmarks in China-Europe and Asia-Europe relations in the 21st century.
2019-12-20 -
John Ross: How significant is the phase-one deal?
Last Friday, it was announced that China and the U.S. have agreed on a phase-one trade deal. As the full text of the agreement has not been made public yet, it is not immediately clear what the specific items agreed upon are. Nevertheless, many people on both sides have hailed it as practical progress in the trade talk. John Ross shares his thoughts on the conclusion of the deal and what the future holds for China-U.S. relations.
2019-12-20 -
Jingye’s bid for British Steel still in progress, with details under discussion
Chinese private enterprise Jingye Group's bid to acquire the bankrupt British Steel is still in progress and the two parties have been discussing details of the transaction, a source familiar with the deal told the Global Times on Wednesday. The comment came after British media reports over the weekend said that the deal, which was allegedly valued at 70 million pounds ($91.64 million) and could save more than 4,000 jobs, was close to breaking down. Talks with the potential buyer Jingye were at risk as a deadline to finalize the terms approached, The Telegraph reported, citing Whitehall sources.
2019-12-19 -
Liu Ying: Further opening-up to protect free trade
This year is crucial to China's higher-level opening-up, symbolized among other things by the construction of the Belt and Road Initiative. That China, amid rising trade protectionism, hosted the second China International Import Expo which attracted more than 180 countries, regions and international organizations, and over 3,800 global enterprises shows it is not only committed to further opening up its economy but also increasing imports to meet Chinese people's ever-growing need for a better life and boost global trade.
2019-12-19 -
William Jones: Phase one deal, light at the end of the tunnel?
A lot of people breathed somewhat easier as the announcement came out that U.S President Donald Trump was ready to accept the partial agreement negotiated with China on trade and would not impose the tariff increase on Chinese products scheduled for December 15. There was little fanfare regarding the agreement, though. President Trump agreed to it at a meeting of his advisers on Friday and Michael Pillsbury, who has a strong bias against China but is an adviser to the president on China, elaborated on the discussion with the president on Fox's Lou Dobbs.
2019-12-18 -
Green Corridor to boost agricultural trade with Pakistan
China and Pakistan have agreed to launch a "Green Corridor" system that will fast-track two-way customs clearance exclusively for agricultural products, according to a statement from China's Ministry of Commerce (MOFCOM) on Thursday.The Green Corridor is expected to be launched between the Khunjerab pass in China and Sust pass in Pakistan. With the simplified clearance procedures and future improvement of transportation facilities, more agricultural products are expected to be imported from Pakistan, experts said.
2019-12-18 -
Wang Wen: How China can gain from trade headwinds
"US-launched trade war against China is turning into a protracted one, but we have been prepared," Yang Jinghui, chairman of a technology company in Hongmei, a town of Dongguan in South China's Guangdong Province, told me. As over half of the products that his company makes are sold to the US, his business has been deeply influenced by the tariffs slapped by the superpower. However, what I saw was his optimism and positivity, instead of anxiety and despair.
2019-12-17 -
HK financial sector remains stable amid social unrest
The months-long social unrest in the Hong Kong Special Administrative Region (HKSAR) has affected local economic development while the liquidity in the banking system remains robust, HKSAR Financial Secretary Paul Chan Mo-po said at a forum on Wednesday.Considering the capital inflows and outflows, the performance of the stock market, the free exchange of the Hong Kong dollar and its Linked Exchange Rate System (LERS), Hong Kong's banking industry is still seeing stable growth, Chan said, local media hkej.com reported.
2019-12-16 -
Zhao Minghao: Uncertainties remain in China-U.S. trade negotiations
China and the U.S. have announced the conclusion of phase one trade deal in a bid to ease the trade war. President Trump called it an "amazing deal" and revealed that the two sides would begin negotiations on the phase two deal soon. It's clear that the U.S. is getting softer on China than before. The White House is trying to use the China-U.S. trade deal and the signed U.S.-Mexico-Canada agreement as leverage to get Trump out of the political conundrum triggered by the impeachment process.
2019-12-16 -
China-backed metro project addresses Pakistan's public transportation needs
Chinese expertise on public transportation will help Pakistan to better address its growing demand for public transportation, as the country tested its first-ever mass rapid transit train in Lahore, its economic hub, a Chinese expert said on Wednesday. Pakistan on Tuesday put the Orange Line Metro Train through its first test run after the completion of the physical infrastructure stage of the project. The move is a major step forward under the China-Pakistan Economic Corridor (CPEC).
2019-12-16
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