US President Barack Obama announced a complete lifting of the arms embargo to Vietnam during his visit to the country. The US military is eager to get something in return, such as access to Vietnamese seaports, especially the strategically-significant Cam Ranh Bay.
It may be inappropriate to talk about joint development in the South China Sea at the moment. But has the pursuit of this idea come to a dead end? Most people would probably say "No." "Sovereignty is ours; set aside dispute and pursue joint development" was a concept advanced by former Chinese leader Deng Xiaoping to solve the South China Sea issue. It is not outdated. Some hold that the method of "setting aside disputes" has failed because the other claimants did not follow it. Such a viewpoint
Globalization doesn`t always produce positive effects. Although China used to be among countries that have benefited most from globalization, in future it may have to bear increasing negative impacts that globalization will bring.
The Chinese Insurance Regulatory Commission and Finance Ministry jointly issued a catastrophe home insurance plan on Monday.
Very firm economic fundamentals therefore underpin China and Eastern Europe`s recent increase in mutual contact despite the considerable distances and geopolitical complications involved.
China`s credit data in April was weaker than expected, but overall credit growth stayed strong and the central bank`s monetary policy will continue to be prudent.
The launch of Big Chess, by John Ross, the former Policy Director of Economic and Business Policy of London, and currently full-time foreign senior researcher at the Chongyang Institute for Financial Studies, Renmin University of China, was held on May 15.
Over the recent Labor Day holiday in China, a huge scandal involving China’s largest search engine company, Baidu, erupted, angering millions of Chinese netizens. The trigger for the scandal was the death of a Chinese college student who used Baidu’s search engine to find treatment for his cancer, but received false medical information, which was provided by one of Baidu’s important business partners. The Chinese government has reacted swiftly by sending an investigation team to Baidu and possib
`Only one of these institutions sounds like a new bank`. That was the conclusion of one attendee at the Think20 Conference in Shanghai in February after a session featuring four international financial institutions: the Asian Infrastructure Investment Bank (AIIB), the New Development Bank BRICS (NDB), the Asian Development Bank, and the OECD.
The depreciation of yuan to the dollar over the past year has captured many headlines and spurred no small measure of worry. Is China’s economy collapsing? Are China’s leaders using currency as a trade weapon? Will the devaluation spark massive capital flight from China?
Linked by shared culture and beliefs, Ningxia, home to many of China`s Hui Muslim ethnic minority, has been eager to increase its links with Arab nations and encourage Middle Eastern businessmen to come to the region to take advantage of the opportunities on offer. The government hopes the region will be a bridge between China and Arab countries, while experts have warned that the country should be alert to the infiltration of religious extremism."
Last week, London elected its first Muslim mayor, Sadiq Khan, who soon grabbed headlines across the world. Even the Islamophobic US presidential candidate Donald Trump congratulated Khan on his victory. Although he has said he will ban Muslims from coming to the US, Trump said he would issue a permit to Khan if he came to the US. But Khan responded to this "kind" offer with "No thanks."
On April 29th, 2016, the inaugural International Forum for China-Japan-ROK Public Diplomacy and Trilateral Cooperation was held at the Diaoyutai State Guesthouse. During his opening remark, Mr. Zhang Yesui, the Vice Minister of Foreign Affairs called on the three countries to study establishing a China-Japan-ROK Cooperation Fund and other important initiatives to provide more support for trilateral cooperation. One important issue among China-Japan-ROK cooperation is sustainable development.
After many years` development, the city commercial banks have become an important part of the financial system. Combined with its own advantages, the city commercial bank seeks the differential development, makes full use of new technologies such as the Internet, and also lays emphasis on such less developed fields as small and micro businesses and three rural issues (agriculture, rural areas and farmers), to positively fix the shortcomings against the background of reducing deposit and loan int
China`s consumer price index (CPI), a main gauge of inflation, grew 2.3 percent year on year in April, flat from the previous two months.
The debate over the “Thucydides trap” has been one of the hottest trends among watchers of U.S.-China relations in recent years, as top leaders from both countries frequently refer to it as one of the most critical challenges between the two. Most of the time, leaders deny the inevitability of conflict and call for mutual respect and cooperation. They are right that conflict isn’t inevitable, but there remain some common misunderstandings of the Thucydides trap that need to be dispelled.
Even if some internet enterprises are quite alluring, their popularity is different from the technology breakthroughs and innovations that China badly needs. Although the Chinese enterprises have increased their input in research and development, the slow growth of innovation-based yields cannot make up the fast losses caused by the wave of enterprise bankruptcies.
Hu Yuwei, a research fellow at Chongyang Institute for Financial Studies of Renmin University of China, was interviewed on CCTV on the global business.
Recent official data shows China`s new yuan loans rose to a record of 4.6 trillion yuan or about 712 billion U.S. dollars in the first quarter.
Fresh trade protectionism is taking shape in new forms, and the unnecessary internal friction in competition between developed countries and emerging economies continues to grow.