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Limits on foreign payment firms lifted
The People`s Bank of China (PBC), the country`s central bank, announced on Wednesday that access restrictions for foreign third-party payment firms will be lifted in order to promote a new overall opening-up pattern.
2018-03-22 -
Zhao Minghao: US to use Taiwan Travel Act as bargaining chip
US President Donald Trump`s recent signing of the Taiwan Travel Act has roiled ties and brought a new challenge to Sino-US relations. With tensions escalating between Beijing and Washington in trade, the US move over Taiwan made the situation more complex.
2018-03-22 -
Indian scholars become masterminds behind new wave of `China threat’ theory
Indian scholar claims China is using the Belt and Road Initiative to engage in "creditor imperialism.". The latest round of such threat theories is not at all surprising to Chinese citizens and scholars, and is also denied by some BRI nations.
2018-03-22 -
President`s address focuses on the people
President Xi Jinping`s important speech delivered on Tuesday reflected his people-centered philosophy of governance as well as his commitment to building a community of a shared future for humankind, analysts said.
2018-03-21 -
40 years of reform and opening up brings great changes to China and world
CCTV-4 "China News" program opens up a special report on "China`s New Era" . Wang Wen, executive dean of Chongyang Institute for Financial Studies at Renmin University of China, was invited to talk with the CCTV anchor Zhou Yingfeng on the hot topics regarding the achievements of the 40th anniversary of reform and opening up on March 19.
2018-03-21 -
Danilo Türk: Multipolar world calls for a new framework for global cooperation
The situation has changed dramatically over the past three decades. The political, economic and technological changes that happened in our generation have produced a pluralistic global society characterized by a plurality of different, powerful and competing versions of modernity.
2018-03-20 -
China remains noncommittal on Iran port
Iran invited both China and Pakistan to participate in the construction of its Chabahar Sea Port, but China has not given a clear response.
2018-03-20 -
Dong Ximiao: Joint efforts can clean breeding grounds for bad debt in China
China`s banking regulator has announced it would adjust the provision coverage ratio for commercial banks from 150 percent to a range of 120-150 percent and the loan provision ratio from 2.5 percent to a range of 1.5-2.5 percent. The notification also said the ratios will be adjusted on a case-by-case basis within these ranges. These steps show China is moving forward with curbing bad debts.
2018-03-20 -
Zheng Xinye: Five development concepts to change China profoundly
During China`s “two sessions” in 2018, Chongyang Institute for Financial Studies at Renmin University of China (RDCY) launches a series of seminars to interpret hot topics. On the evening of March 12, the second lecture was given by Professor Zheng Xinye, associate dean of School of Economics at Renmin University of China, to analyze how the five development concepts will change China.
2018-03-19 -
Chinese youth adopt "Buddha-like" mindset in face of modern pressures
Chinese youth are defiantly embracing a "Buddha-like" mindset, with slogans such as "anything will do," "let it be" and "take life as it is" capturing media attention and stirring widespread debate on the usefulness of such thinking.
2018-03-16 -
Wang Yiwei: Could Belt and Road Initiative bring debt problems to small countries?
Debt imperialism! The Western media has given the Belt and Road Initiative (BRI) a new name. This label seems to have come about after more than 86 countries and international organizations signed the 102 Memorandum Of Understanding with the Chinese government to jointly build BRI projects, but some Western companies feel they do not have enough access to BRI projects.
2018-03-16 -
Institutional guarantee for China`s development goals
China unveiled a plan on March 13 to restructure the government with a cabinet reshuffle. The institutional reform plan of the State Council was submitted to the First Session of the 13th National People`s Congress (NPC) for deliberations. The plan is aimed at improving the government`s structure, efficiency and service orientation.
2018-03-16 -
Liu Zhiqin: Solving China’s water shortage key to ensuring growth
Recently, some observers have warned that China`s current water crisis is imminent, and if the problem cannot be solved effectively, it will limit China`s implementation of the next step of its economic plans.
2018-03-15 -
China and Russia should cooperate to gain from each other’s strengths
Wang said, "The sky is the limit for Sino-Russian cooperation, and we must continue to make the relationship even better." What will be the prospects of Sino-Russian relations and what fields can the two countries work together in 2018? At a conference hosted by Rossiya Segodnya in Beijing on Tuesday, experts from China and Russia shared their thoughts.
2018-03-15 -
Ding Gang: Is the Taj Mahal part of Indian culture?
Like all other tourists from China, I looked forward to seeing the Taj Mahal, described by Indian poet Rabindranath Tagore as "a teardrop on the cheek of time." On the way from Delhi to Agra, I visited the Hindu temple of Akshardham. The Hindu shrine lingered in my memory as I strolled the compound of the Taj Mahal. The stark contrast brought into my mind the rift caused by religion.
2018-03-15 -
Li Wei: Dollar distress could boost yuan internationalization
Since China has become the largest customer for oil producers in the Middle East, the international environment has steered toward internationalization of the yuan. Especially since Donald Trump became US president in January 2017, the dollar has been weakening. The US` move toward protectionism and anti-globalization has caused anger around the world and undermined confidence in the dollar among international investors. This represents an opportunity for the yuan.
2018-03-14 -
Di Dongsheng: What mistakes of those who underestimate RMB
During China “two sessions” in 2018, Chongyang Institute for Financial Studies at Renmin University of China (RDCY) launches a series of seminars to interpret hot topics. On the evening of March 12, the second lecture was given by Professor Di Dongsheng, associate dean of the School of International Studies at Renmin University of China to analyze the common mistakes of those who underestimate the RMB.
2018-03-14 -
Wang Yiwei: European Changing Attitude towards Chinese BRI
General Secretary Xi Jinping pointed out in his report to the 19th CPC National Congress that with decades of hard work, socialism with Chinese characteristics has crossed the threshold into a new era.
2018-03-13 -
Wang Wen: Strengthening Eco-civilization to make beautiful China shared by everyone
CCTV-4 "China News" program opens up a special report on "China`s New Era" . Wang Wen, executive dean of Chongyang Institute for Financial Studies at Renmin University of China, was invited to talk with the CCTV anchor Zhou Yingfeng on the hot topics regarding Eco-civilization and Eco-finance on March 10.
2018-03-13 -
Zhao Minghao: Optimism mixes with skepticism in run-up to key North Korea-US talks
US President Donald Trump`s acceptance of North Korean leader Kim Jong-un`s invitation for a meeting may bring dramatic changes to the situation on the Korean Peninsula. Kim made a number of unexpected commitments during talks with the visiting South Korean delegation in Pyongyang. He said North Korea would be willing to hold talks with the US on denuclearization and would suspend nuclear and ballistic missile tests while dialogue continues. He also said he "understands that the routine joint mi
2018-03-13
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