Chinese investors are rushing to invest in agriculture in Cambodia, drawn by ideal farming conditions and the sound relationship between the two countries, although there are challenges such as Cambodia`s underdeveloped infrastructure and limited fundraising channels, insiders said Sunday.
After 10 summits, the G20 has become a “commitment system” for continuously promoting global economic governance. China, holding the presidency of the 2016 G20 summit, is expected to integrate continuity and innovation, implement the outcomes of previous summits, and propose new initiatives for cooperation. In particular, it is expected to formulate ideas for giving new impetus for economic growth though reform and innovation for a sluggish world economy.
The 8th BRICS Academic Forum and the 5th Think Tank Council were held respectively in Goa and Delhi, India, on Sept. 19-23.
Liu Zhiqin, a senior fellow at the Chongyang Institute for Financial Studies of Renmin University of China, was interviewed by CCTV Global Business program on billionaire George Soroson investing in China PSBC IPO on Sep.28th.
When the world`s media covered the news, they had all kinds of perspectives. But the fact is clear, Prachanda is no longer an idealist, but has become a realistic politician. Nepal will make more efforts in its balancing act, especially between China and India. But in the meantime, it will be hard for Kathmandu to get rid of its dependence on India politically, economically and culturally.
The confrontation between China and the US over the South China Sea issue has constrained bilateral ties from deepening. But the issue is far from the entire Sino-US relationship. At a broader global and regional level, there are plenty of opportunities for the two to boost ties.
Development of renewable energy, is decisive for the fight against climate change. Economically, with a rapidly expanding global market, the world`s largest home market, unequalled scale of production, and already established research capacity, solar power is crucial to China`s future.
Democracy could enable a country to elect a well-informed and competent leader in a merit-based way. But now the relative decline of the US is embodied in the low quality of presidential candidates.
Wang Wen, executive dean of the Chongyang Institute for Financial Studies at Renmin University of China, believes that the COSC, together with other government-backed think tanks such as the Chinese Academy of Social Sciences, has lots of advantages compared to their non-government counterparts.
Reviving the Silk Road has become the common dream of many countries along its route. However, for many generations, the interconnection between Europe and Asia has mainly come about through wars and conquests. Railways provide the technology for connecting Europe and Asia. Several schemes have been put forward but none have yet succeeded. Now the task has been placed on Chin`as shoulders.
With the economic situation in the Eurozone becoming increasingly tense, financial crisis seems to be moving ever closer. It wasn`t helped by the United States which has proposed to impose a penalty of US$14 billion on the Deutsche Bank to settle several high-profile mortgage probes in the U.S.
During its summit in Hangzhou earlier this month, the G20 announced its first Initiative on Supporting Industrialization in Africa and LDCs. The 20 biggest economies in the world showed their "collective support" for the industrialization of the global south, and endorsed it as the solution for development challenges in Africa.
Both countries agreed to establish an annual dialogue mechanism between the Chinese premier and Canadian prime minister at the end of August, and Ottawa announced its decision to join the China-initiated Asian Infrastructure Investment Bank earlier. The Beijing-Ottawa relationship is apparently warming up.
The CPV knows that by drawing on lessons from the CPC, it can avoid difficult twists and turns. The CPV knows that following a big trail-blazer gives it an edge.
G20 summit was a big success in terms of China setting the international economic agenda. China also took some significant steps toward its goal of the G20 playing a more strategic role in global economic policymaking.
The strategy can rebalance the driving forces for economic development. Since the outbreak of the financial crisis, China has become the world’s major engine of growth, contributing more than 30 percent. The proposal of the “Belt and Road” strategy is to let other countries and international organizations get on the fast track that China has laid out and share the benefits through cooperation.
A key feature of China is that far from being "protectionist" it is the most open of the world`s largest economies - China`s percentage of trade in GDP is 41 percent compared to 37 percent in Japan and 28 percent in the US.
To revitalize the growth engines, G20 members agreed to ratify the Trade Facilitation Agreement by the end of 2016, and pledged to use the newly-established Trade and Investment Working Group (TIWG) to identify new approaches that will help spur global trade growth, and enhance investment policy coordination.
Wang Yiwei explained the need to approach the Belt-Road strategy in light of inclusive globalization, or from the perspective of the transformation of Chinese civilization.
the Paris climate deal is only a beginning, not the end. The deal is obviously imperfect. Unlike the Kyoto Protocol, a climate deal reached in 1997 which legally binds only developed countries to reach the grand emission reduction target, the Paris pact provides each nation with a specific goal on emission controls.