In September 2016, the currency joined the dollar, pound, yen and euro in the IMF`s "Special Drawing Rights" reserve currency basket, becoming the first currency to be added to the list since the emergence of the euro in 1999.
The People`s Bank of China, the country`s central bank, said on Feb.14 in a quarterly monetary policy report that it was improving the draft of the new asset management rules and would submit it to the State Council for approval.
It is reasonable and necessary for China to strengthen its maritime power as it is becoming stronger, Chinese experts said after People`s Daily published three articles on a whole page to emphasize the importance of building China into a strong maritime country.
China’s “sharp power” has recently become a hot topic of discussion among some Western media outlets and scholars. They believe that the Chinese government and social organizations with state association have attempted to deepen connections with Western think tanks, universities and enterprises in a bid to strengthen the country’s political influence in the West.
As Spring Festival, the most important festival for Chinese, approaches, emotions associated with "coming home" dominate the country`s social media platforms.
U.S. President Donald Trump`s new Middle East policies have had considerable impact on regional issues. Where lies the Middle East`s future, and how will any changes influence the world in 2018? To better answer those questions, China.org.cn had an exclusive interview with Wu Sike, the Chinese government`s former special envoy to the Middle East.
Considering the long-term tension between the Israelites and Palestinians in the region, will his proposal work? "Neither Americans nor Israelites can accept this kind of proposal.
Why did this documentary attract as many as 237,000 viewers on YouTube? Apparently, not only because the film reveals some historical records for the first time, but also because it chronicles the rise of the country from the ravages of war to its magnificent transformation into a modern nation 80 years after the aggression.
The driving force was the continuing sharp rise in US Treasury bond yields, i.e. the interest rate on US Treasuries, which has risen from 1.86 percent when US President Donald Trump was elected in November 2016 to 2.84 percent. US Treasury rates set the floor for all long-term US interest rates and are far more important for US economic trends than shifts in Federal Reserve interest rates. This sharp rise in US long-term interest rates will therefore have a slowing effect on the US economy.
For anyone aiming to seriously study China`s present and future policies, the second volume of Xi Jinping`s The Governance of China, together with its companion earlier volume, is by far the best place to start.
I overheard a piece of amusing conversation when two Americans and me were in the waiting room for the dentist appointment. Well, it is not a tradition to see a dentist during the Spring Festival, but this kind of activity may indicate a new tradition for a week-long Spring Festival holiday: more businesses are open as opposed to none or fewer previously, and people can actually do things during the Spring Festival holidays.
India has launched a series of anti-dumping probes against Chinese products in sectors including chemicals, textiles and steel since the beginning of the year, and experts said India should avoid abusing such measures as trade friction will harm both countries.
Cultural events like music and dance performances, photo exhibitions, art shows are being organized across the globe, with many countries about to embrace a huge influx of Chinese tourists during the week-long holiday.
It`s hard to tell how many spare parts of an iPhone are manufactured in China, Japan or South Korea, but it`s certain that without globalization, iPhone would be impossible to assemble, and no country could make it all by itself.
Increasing concern and worry about China`s so-called "infiltration" shows a lack of confidence among Western countries, said experts, suggesting it`s a clear sign of unwarranted Sinophobia.
Over the past decade, the most popular viewpoint for the world`s changing situation is the rise of emerging countries and the decline of developed countries. However, judging from the share of various countries in the total global economy, the actual situation is more complicated and subtle.
Maldives, a tiny nation with a population of roughly 400,000 people, was plunged into chaos on Feb. 1 when the Supreme Court ordered several jailed politicians to be freed – something the current president did not agree with. The government refused to implement the ruling, prompting a wave of protests and clashes between police and demonstrators in the capital, Male. The capital was thrown into turmoil on Feb. 5 when the president issued a 15-day emergency decree. Later that night, soldiers forc
As British Prime Minister Theresa May continues her official visit to China, academics and high-profile politicians are debating the implications of the Belt and Road Initiative at the University of Cambridge. During the forum, a lecture given by Dr Danilo Türk - Slovenian diplomat, Professor of International Law, former President of Slovenia (2007 to 2012), former Assistant Secretary General of the UN, and Non-resident senior fellow of Chongyang Institute for Financial Studies at Renmin Univers
Liu Zhiqin, a senior fellow at the Chongyang Institute for Financial Studies at Renmin University of China, spoke to CGTN about the significance of implementing rural regions’ revitalization strategy, mentioned in the China’s “No. 1 central Document” and how to achieve it.
Dr Türk concluded his lecture by stating: "Building bridges is a good metaphor in politics in general and international relations in particular. There is no surplus of bridges in our world. We clearly need a few more. The Belt and Road Initiative and its central idea – connectivity – comes close to the building of bridges in its technical meaning, as an exercise of construction. And as any construction, bridge building must observe the relevant technical standards, the right choice of location,