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Wang Wen: Africa has a lot that China can learn from
I often write on the flight. This habit makes me more productive, but it carries huge risks. For example, it is easy to forget the laptop on the cabin seat. Two weeks ago, when I was transferring flights in the Ethiopian capital Addis Ababa, the risks finally boiled over. It happened on my way back to Beijing from a visit to Zimbabwe. When a friend who works for a Chinese company in Harare heard that I was on the same plane as his parents, he asked me to help the aging couple to find their way around the Addis Ababa airport for a transfer to Shanghai.
2019-10-08 -
HKEX reportedly seeking loans to back up proposed LSE acquisition
Hong Kong Exchanges and Clearing Limited (HKEX) is reportedly seeking a $9.8 billion loan to back up its proposed acquisition of the London Stock Exchange (LSE) which had previously been rejected. Experts expressed reservations to the development of the deal and noted that it will be difficult to reach one in short term. HKEX is considering borrowing up to $9.8 billion from several banks, and its executives were in London to meet with LSE shareholders during the week to convince them to accept the offer, Bloomberg reported over the weekend, citing an anonymous source familiar with the matter.
2019-10-08 -
Zhao Minghao: No need to overreact as Quad ups gear
The Quadrilateral Security Dialogue - known as Quad - between the US, Japan, India and Australia was held Thursday on the sidelines of the UN General Assembly at the foreign minister's level. Since its revival in November 2017, the Quad had met only at the joint-secretary level. This first foreign-minister-level meeting may suggest that the framework is upgrading. Speculation is swirling on whether it would move toward a NATO-like group in Asia.
2019-09-30 -
Reflections on 70-year rise to world factory
As the tapestry of China's industrial development into the world's factory in the past 70 years unfolds, the relentless pursuit of the Chinese working class, the changing demand of the Chinese consumers and the pursuit of homegrown technologies by Chinese companies dominate people's thoughts, analysts said on Thursday. A struggle over seven decades saw the Chinese people build from near bare-handedness one of the world's most extensive industrial systems, snatching the laureate of "world factory" - a title once enjoyed by the British, then the Americans.
2019-09-30 -
White paper highlights nation's contributions to global progress
A major white paper reaffirming China's development and its role in building an international community with a shared future for mankind helps the world better understand the country and its significant contributions to world progress, according to experts and observers. The document, "China and the World in the New Era", was issued by the State Council Information Office in the run-up to celebrations on Tuesday marking the 70th anniversary of the founding of the People's Republic of China.
2019-09-30 -
National medals presented
Forty-two people, including Chinese and foreigners, were awarded the highest honors for their contributions to China over the past seven decades, which analysts said manifests the core of Chinese values. President Xi Jinping presented national medals and honorary titles of the People's Republic of China (PRC) to awardees in the Great Hall of the People on Sunday morning, ahead of the country's grand celebrations for the 70th anniversary of the founding of the PRC, scheduled for Tuesday.
2019-09-30 -
China hails ‘miracle’ achievement in trade
Just as China's economic growth over the past seven decades has been described as a miracle, the explosive rise of the country's trade is also nothing less than a miracle. Starting from almost nothing, China has become the world's largest trading nation in just 70 years. However, as the country celebrates the 70th anniversary of the founding of the People's Republic of China, it also faces an array of challenges for its trade, from a transformation process at home to rising trade protectionism and tensions abroad, officials and analysts noted on Sunday.
2019-09-30 -
China responds to US goodwill gesture with purchase of farm goods
China has moved swiftly in responding to the latest goodwill gesture from the US by encouraging Chinese companies to buy a "certain amount of" US soybeans, pork and other products, as part of an effort by both sides to create positive vibes for ongoing trade negotiations. While the exchange of goodwill gestures injects fresh momentum into the talks, uncertainty remains about whether the two economic powers can reach a deal in upcoming meetings and end the costly trade war. The ball is in Washington's court, Chinese analysts noted on Wednesday.
2019-09-29 -
William Jones: “Right to Develop”—Center of Human Rights
The release of China’s White Paper on Human Rights comes at an important time when the world has been witnessing to the recent violence in Hong Kong, where many of the activists are claiming that their lawful rights were being endangered by a proposed draft law for extraditing criminals. In the course of this turmoil, time and again the claims were made that China was a “human rights violator” and this by the very people who were shutting down the Hong Kong economy and making it impossible for many Hong Kongers to even learn their livelihood.
2019-09-29 -
Hisham El-Zimaity: China and Egypt – ancient civilizations leading the way in modern times
To mark the PRC's 70th founding anniversary, CGTN has introduced a special series "70 Years through Foreigners' Eyes." In the fourth episode, Hisham El-Zimaity, former Assistant Foreign Minister of Egypt and Non-Resident Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China, shared his views on lessons from China's rapid development and Egypt's relationship with China.
2019-09-27 -
Jean-Guy Carrier: China-Canada ties, A forerunner of China's relationship to the West
To mark the PRC's 70th founding anniversary, CGTN has introduced a special series "70 Years through Foreigners' Eyes." In the third episode, Jean-Guy Carrier, non-resident senior fellow of Chongyang Institute for Financial Studies, Renmin University of China (RDCY); executive chairman, Silk Road Chamber of International Commerce (SRCIC) , shares his views on Canada's historic relations with China.
2019-09-27 -
William Jones: Don’t Draw the Wrong Conclusions from “American Factory”
The recently released documentary film “American Factory” by Julia Reichert and Steven Bognar is another one in the genre of films that are aimed at depicting the life and the trials of the American working class and the travails of modern capitalism. Reichert has done a number of these films, but “American Factory” has gained a greater amount of notoriety because it depicts a Fuyao auto-glass factory in Ohio which was set up by a Chinese entrepreneur, Cao Dewang, on a site of a closed General Motors assembly plant, hiring many of the American workers who had been laid off from their GM jobs after the 2008 financial crisis.
2019-09-27 -
Djoomart Otorbaev: China-Kyrgyzstan long friendship will continue to thrive like an 'Evergreen Tree'
To mark the PRC's 70th founding anniversary, CGTN has introduced a special series "70 Years through Foreigners' Eyes." In the second episode, Djoomart Otorbaev, former Prime Minister of the Kyrgyz Republic and non-resident senior fellow at the Chongyang Institute for Financial Studies, Renmin University of China, shared his views on China's achievement in the past seven decades and Kyrgyzstan’s future relationship with China.
2019-09-26 -
Ding Gang: How to grow in China, Tech it from Huawei
I visited the headquarters of Chinese tech titan Huawei in Shenzhen, South China's Guangdong Province, Tuesday afternoon with journalists from the US and Germany. During the four hours of interview, the words of former 3Com Corporation CEO Bruce Claflin kept coming to my mind that it would also be an amazing story if Huawei founder Ren Zhengfei's success took place in the US. The Chinese tech giant's story began in Shenzhen in the context of the resurgent Asian nation's reform and opening-up. A company like Huawei could only emerge in a market economy which offered favorable conditions.
2019-09-26 -
MOF announces $702m of treasury bonds in Hong Kong
China's Ministry of Finance (MOF) announced on Wednesday the successful issuance of 5 billion yuan ($701.77 million) in treasury bonds in Hong Kong. The MOF plans to issue a total of 15 billion yuan worth of bonds in Hong Kong this year. The issuance demonstrated the strong support of the central government to Hong Kong's status as a global financial hub, in this case, as the center for the global offshore yuan business, despite persistent political unrest in the city.
2019-09-26 -
Diplomacy shines 70 years on
The People's Daily, the flagship newspaper of the Communist Party of China (CPC), published an article written by Chinese State Councilor and Foreign Minister Wang Yi on Monday which summarized China's diplomatic achievements in the 70 years since the founding of the People's Republic of China, and also introduced China's diplomatic goals in the new era. Wang said the Chinese nation has achieved a tremendous transformation in the past 70 years - it has stood up, grown rich, and is becoming strong, and China has also continuously made significant contributions to the world.
2019-09-25 -
Antonino Villafranca: What has enabled strong China-Europe ties?
China's skyrocketing economy is the result of policies embraced by its leaders and of the strong will of its people. However, these alone would not be enough to enable China's economic miracle. China's success is also made possible by the country integrating itself into the international economy, the system inaugurated by western countries after the Second World War and out of which China emerged as a flourishing major world power.
2019-09-25 -
Wang Yiwei: Why West has begun to learn from China
"Seek knowledge even if you have to go as far as China" is a popular adage in the Muslim world. It has its origin in the hadith - traditions related to Prophet Muhammad, the founder of Islam. Now the West has begun to take the same road. Why should the West seek knowledge from China? The answer lies in the clear comparison between the two: The West is in relative decline compared to its previous glory, while China enjoys stability and development. With comprehensive reforms, China has proposed the Belt and Road Initiative (BRI) and the concept of community of shared future for mankind.
2019-09-25 -
Zhao Minghao: Pacific island countries caught in America's China policy
Two island countries in the Pacific-the Solomon Islands and Kiribati- recently severed diplomatic ties with Taiwan. Such moves have been opposed by the U.S. and it even sent a navy ship to sail through the Taiwan Strait to advocate for "free navigation". But Washington's interference on the sovereign states' decisions makes no sense. Manasseh Sogavare, the Prime Minister of the Solomon Islands, said that the U.S. threatened to cut aid if the Solomon Islands decided to cut ties with Taiwan.
2019-09-24 -
Wang Wen: How Trump makes Chinese love China more
"Is the US a beautiful country?" My son, a pupil, suddenly raised an odd question.
"Not necessarily!" I answered. "If you mean landscape, then yes - many places of the US are quite beautiful. But if you mean the society or politics, the answer is 'not necessarily attractive.'"
"Then why do we translate the US as meiguo in Putonghua?" he asked. Mei literally means beautiful and guo means country.2019-09-24
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