Liu Zhiqin, a senior fellow of the Chongyang Institute for Financial studies at Renmin University of China (RDCY), was interviewed by CGTN, talking with the reporter of the Global Bussiness program over the topics at China`s economy in 2nd half.
News about the construction of the Kra Canal in southern Thailand appeared on Chinese media again. Thais with close connections to China are reportedly beating the drum and tying the construction with China`s Belt and Road initiative (BRI), through which they think they can acquire financial support for the construction.
Domestically, economic downward pressure has been increasing, and financial risks that were formerly concealed by rapid economic growth have been emerging. Chaotic conditions exist in some areas: there is an overheated real estate industry with related nonperforming loans, local government debt is at risk of default, and Internet finance and shadow banks are putting intense pressure on systemic liquidity.
Foreign debit and credit card companies face a long fight with local electronic payment market leader UnionPay as industry supervision is still evolving and customer needs are diverse, experts said.
Regulator beefs up supervision of the mobile payment business to diminish financial risks.
North Korea reportedly tested an intercontinental ballistic missile on Friday, which made the situation in the region more tense and complicated. US Secretary of State Rex Tillerson issued a scathing statement. He said the sanctions against North Korea should be further strengthened and the US will never accept a nuclear-armed North Korea.
North Korea`s latest test of an intercontinental ballistic missile last week aggravated tensions on the Korean Peninsula. Using sanctions passed by the UN Security Council, the US has been pressing China`s neighboring countries to cut their economic ties with North Korea, stepping up its strategic control of China`s neighborhood.
Recent publication of U.S. GDP figures for the 2nd quarter means data is now available for comparison of China and America, the two largest economies, for the first half of this year.
Analysts from a leading Chinese think tank said they were optimistic about the prospects for China-US trade and investment, calling for a restart to negotiations on a bilateral investment treaty and for the promotion of cooperation in fields such as services trade and energy.
Industrialization is key to lifting Africa out of poverty, and President Xi`s observations offer valuable lessons.
Beijing police said on Wednesday that 67 members of the pyramid investment organization Shanxinhui have been detained for disturbing social order after their illegal gathering in the streets on Monday.
Beijing will not compromise with India`s visiting national security adviser, and the only way to resolve the current standoff is for India to unilaterally withdraw its troops from Chinese territory, experts said.
It`s not impossible to find other ways to bind China and Australia more tightly than trade or ore. In fact, as long as the two countries can update their understanding of each other with mutual respect and enhance their interactions, they will be able to consolidate a foundation for seeking consensus, that is, common destiny.
Despite the positive momentum, contradictions and divergences between Beijing and Washington still remain, such as their disagreements on values, strategic interests, the Belt and Road initiative, the South China Sea issue and the Taiwan question. A third country such as Japan, Vietnam and India may play a dirty trick.
Liu Zhiqin, a senior fellow of the Chongyang Institute for Financial studies at Renmin University of China (RDCY), was interviewed by CGTN on July 20, talking with the reporter of the Global Watch program over the topics at the first China-U.S. Comprehensive Economic Dialogue (CED) held in Washington D.C. on July 19.
Speaking at the G20 summit in Hamburg Friday, Xi underscored the role of innovation and development in boosting global growth, proposing that G20 members increase cooperation in digital economy and the new industrial revolution, and jointly develop new technologies, industries, business models and products.
Turning to one of the implications of these data, there is a wise Chinese saying "seek truth from facts." Therefore, it is illuminating to compare these actual results of China`s economic development with the predictions being made by so-called "China experts" in the Western media.
The first China-US Comprehensive Economic Dialogue (CED) concluded in Washington recently. Many Western commentators noted that it produced no major breakthroughs.
The China-US Comprehensive Economic Dialogue (CED) kicked off in Washington on Wednesday, the first focusing on economic and trade issues in a new format agreed on after a meeting between Chinese President Xi Jinping and his US counterpart, Donald Trump, in April. What are the important trade issues between China and the US? How will the dialogue influence US trade policies toward China and Sino-US relations?
The well-developed trade exchanges between China and the US benefit both sides, experts said, as the first round of bilateral economic talks kicked off on Wednesday with the expectation that an extension from a 100-day to a one-year cooperation plan will help smooth frictions.