The 40th anniversary of reform and opening-up makes 2018 a banner year for China. The commitments made at this year’s National People’s Congress for a deepening of the “reform and opening up” policy also characterize a “new era” in the development of the People’s Republic of China.
The competitive mentality of the US and its pursuit of global dominance over China has partly driven the US President Donald Trump to reconsider joining the Trans Pacific Partnership (TPP)
As tensions over Sino-US trade ties become increasingly sharp, a tit-for-tat trade war between the world`s two largest economies is taking shape. The China-US relationship seemed promising during US President Donald Trump`s first year in office. Yet contradictions between the two suddenly escalated with the publication of Washington`s latest National Security Strategy and National Defense Strategy. What provoked the sharp turn? Where are the current trade conflict and Sino-US relations headed? G
India is pursuing rejuvenation of the nation. This goal can only be achieved through continuous reform and opening up, but it also requires an increased ability to adapt by resolving the impacts brought on by opening.
The liberalization of China`s financial service industry and capital market will draw more investment from overseas institutional investors and will help boost the global profile of the Chinese currency, international financial experts said on Wednesday.
The changing pattern of global economic development has given rise to new proposals of international relations and cooperation. From Davos to Boao, a community with a shared future for humankind is China`s proposal as it develops into an influential global power amid historic changes. China`s proposal has the potential to promote global development in a more equitable and fair manner.
ODA did not help with poverty reduction, economic and industrial growth. Quite the opposite: African countries have developed an institutional dependence on ODA, which limits local governance ability.
With economic tensions between China and the US escalating, the Boao Forum for Asia (BFA) has opened, with an aim to promote Asian regional common development.
On the evening of April 3rd, RDCY Seminar Series No.107 was held in Chongyang Institute for Financial Studies at Renmin University of China (RDCY). Professor Zhao Xijun, Deputy Dean of the School of Finance at Renmin University of China (RUC), was invited to give a lecture, interpreting the reform trend of China`s capital market after the “two sessions” . The lecture was moderated by Liu Ying, a researcher at the RDCY.
Who would be the involved parties of a trade war? The answer is quite simple - the US and China - not that others would not have a stake in such a conflict. But it would mainly be driven by the US and China. It is becoming dangerous as the US stance mixes geopolitical rivalry - to be managed by diplomats - and economic rivalry, which should be handled according to rules-based competition.
China is stronger now, but it never seeks hegemony or expansion. The country, as well as other emerging economies like India and Russia, just deserve right positions in global governance.
Trade protectionism is the wrong remedy for major economic problems in the US, such as low saving rate and over consumption.Asia did not and may not move out of the shadows of violent external environments and internal uncertainties in 2018, and challenges include the deceleration of global value chains, the vacancy left by the US exit from the Trans-Pacific Partnership Agreement, the narrowness of the internal demand and lack of collective efforts to reform the financial system, according to th
A trade war does not make economic sense, and it does not help solve the structural problems that US economy truly has. A much more plausible way to understand Trump`s trade war mentality is to see it as a political gamble rather than an economic move.
Since China proposed the Belt and Road Initiative (BRI) in late 2013, the impacts of the 21st century Maritime Silk Road (MSR) construction on the South China Sea (SCS) issue become a focal point of both academic research and public concern.
The American Dream was beautiful, not only because the U.S. was the only superpower in the world, but also because it had an open mind to embrace immigrants. Now, the country is depriving people of their right to realize their dreams under a paranoid mode of power.
American farmers, companies and workers will be attacked by Trump administration`s announced tariffs. While the Trump administration`s announced tariffs are negative for China, they are also seriously negative for the US.
The US` proposed tariffs on Chinese goods, a typical unilateralist and protectionist move, will cause serious damage to businesses in both countries and will not work out.
The draconian measures being proposed now by the Trump administration, if implemented, would be disastrous for the American, as well as the world economy. It would be useful to find those projects where the US and China can work together on the “frontiers of science”.
The common rise of China and Russia is the rejuvenation of peace and cooperation. Reform is an important guarantor of peace and promoter of cooperation. Both countries are committed to promoting shared rejuvenation, a theme that accords with the national development priorities of many countries and coheres with their long-term interests. Yet one would be wrong to think of rejuvenation as a zero-sum game. Rather, it is a process of cooperation. Only joint reform can promote common rejuvenation.
On Sunday, the annual Boao Forum for Asia (BFA) with the theme "an open and innovative Asia for a world of greater prosperity" will open in south China`s Hainan Province. Over the past two decades, the changing themes of the forum have reflected Asia`s evolving role in the world economy from a marginalized community to a helping hand and now to a growth leader.