Premier Li Keqiang has underlined the importance of fostering new growth engines and expanding effective investment to stabilize economic growth and the job market.
This article was translated and edited from a speech by Professor Yu Yongding, an academician with the Chinese Academy of Social Sciences, at Chongyang Institute for Financial Studies, Renmin University of China, on June 26, 2019.
China's Belt and Road Initiative (BRI) has been subjected to a great deal of criticism and controversy from the very start. However, there are generally two types of criticism concerning the BRI - one largely driven by suspicions towards anything Chinese, and the other more constructive and intended to help improve practices involving BRI projects.
Despite having no experience in central banking, the incoming head of the European Central Bank Christine Lagarde is a good choice for Europe and is qualified for the job, Chinese analysts said.
An old Chinese proverb goes, "Frequent shifts make a tree dead but a person prosperous." "Shifts" here are used to convey a sense of movement. How can people move from one place to another? It needs road, rail, air and water connectivity - an implication of multimodal transport. One of the objectives of the China-proposed Belt and Road Initiative (BRI) is connectivity - making people, funds and resources flow.
With coordinative measures, China has pushed for progress and the evolution of history. Following the coordinative principle, the country has dealt with many historical issues and built up a foundation for modernization.
Although it started mostly through cooperation with emerging markets, the China-proposed Belt and Road Initiative (BRI) is evolving into what one expert called "a worldwide project," as several European countries including Russia, Italy and France applauded the program.
On July 2, Chinese Premier Li Keqiang addressed the opening ceremony of the Summer Davos Forum in the city of Dalian, highlighting the importance of seizing opportunities from the new round of industrial revolution, creating new opportunities and calling for efforts to jointly safeguard multilateralism, free trade and an open, inclusive world economic system. By forming a new open financial market, China will gradually scrap foreign ownership caps in the domestic financial industry and internationalization of its capital market.
The publication of excerpts of secret cables containing vicious attacks against President Trump from British Ambassador to the United States Sir Kim Darroch to the British Foreign Office has really thrown a monkey wrench into the much-touted Anglo-American "special relationship."
President Xi Jinping sent a congratulatory message on Sunday to Charles Michel for his election as president of the European Council.
President Xi Jinping sent a congratulatory message on Sunday to Charles Michel for his election as president of the European Council.
Presidents Donald Trump and Xi Jinping had an 80-minute meeting at the G20 summit in Osaka on June 29, where they agreed that the US would not levy additional tariffs on $300 billion of Chinese exports – the two parties are set to restart trade negotiations on the basis of equality and mutual respect. Trump said that talks were “back on track” after an “excellent” meeting with Xi, and the US is willing to reach a trade deal with China that is acceptable to both sides. At the subsequent press conference, Trump went on to say that he would allow US high-tech firms to continue selling products to Huawei, and that the US and China may even become “strategic partners.”
Presidents Donald Trump and Xi Jinping had an 80-minute meeting at the G20 summit in Osaka on June 29, where they agreed that the US would not levy additional tariffs on $300 billion of Chinese exports – the two parties are set to restart trade negotiations on the basis of equality and mutual respect. Trump said that talks were “back on track” after an “excellent” meeting with Xi, and the US is willing to reach a trade deal with China that is acceptable to both sides. At the subsequent press conference, Trump went on to say that he would allow US high-tech firms to continue selling products to Huawei, and that the US and China may even become “strategic partners.”
China's macroeconomy is at a critical stage as internal economic problems have emerged in the last two years. When we attempted to define the "new normal" of China's economy and chose the path to structural reform on the supply side, we failed to consider world economy changes.
Presidents Donald Trump and Xi Jinping had an 80-minute meeting at the G20 summit in Osaka on June 29, where they agreed that the US would not levy additional tariffs on $300 billion of Chinese exports – the two parties are set to restart trade negotiations on the basis of equality and mutual respect. Trump said that talks were “back on track” after an “excellent” meeting with Xi, and the US is willing to reach a trade deal with China that is acceptable to both sides. At the subsequent press conference, Trump went on to say that he would allow US high-tech firms to continue selling products to Huawei, and that the US and China may even become “strategic partners.”
Officials from the Chinese central government have strongly condemned former governor of Hong Kong Chris Patten for "absurd" and "shameless" comments on the city's situation and urged him to stop telling blatant lies or putting on ridiculous performances.
Presidents Donald Trump and Xi Jinping had an 80-minute meeting at the G20 summit in Osaka on June 29, where they agreed that the US would not levy additional tariffs on $300 billion of Chinese exports – the two parties are set to restart trade negotiations on the basis of equality and mutual respect. Trump said that talks were “back on track” after an “excellent” meeting with Xi, and the US is willing to reach a trade deal with China that is acceptable to both sides. At the subsequent press conference, Trump went on to say that he would allow US high-tech firms to continue selling products to Huawei, and that the US and China may even become “strategic partners.”
Presidents Donald Trump and Xi Jinping had an 80-minute meeting at the G20 summit in Osaka on June 29, where they agreed that the US would not levy additional tariffs on $300 billion of Chinese exports – the two parties are set to restart trade negotiations on the basis of equality and mutual respect. Trump said that talks were “back on track” after an “excellent” meeting with Xi, and the US is willing to reach a trade deal with China that is acceptable to both sides. At the subsequent press conference, Trump went on to say that he would allow US high-tech firms to continue selling products to Huawei, and that the US and China may even become “strategic partners.”
An open letter to US President Donald Trump signed by scores of Asia specialists including former US diplomats and military officers has revealed that rational voices are emerging to challenge paranoid ideas, Chinese experts noted on Thursday.
Meeting US President Donald Trump at the G20 summit in Japan, President Xi Jinping cited ping-pong diplomacy taking place at the 1971 World Table Tennis Championship in Nagoya, a Japanese city that is just over 100 kilometers from Osaka, to highlight the need for wisdom and foresight in China-US relations.