In analyzing Japan`s economic trajectory, observers often take Japan` economic performance in the past 20 years as a lesson that reminds China not to have its bubble bust and fall into a long-term economic downturn as Japan did.
After a landslide victory in Indiana`s Republican presidential primary, Donald Trump has become the Republican nominee in all but name as Ted Cruz dropped out. Global Times invited eight Chinese scholars to comment on the possible influence of Trump`s win to Sino-US relationship.
Like the internet, the global energy internet will not only realize material interconnection, but also deepen exchanges and communications between different economies, cultures and ideas. This will boost mutual trust between the countries and promote stable and peaceful development in a given region.
Now China is in the process of pursuing supply-side reforms, and this will potentially ease the downward pressure on economic growth.
In his new book "The Belt and Road Initiative: What Will China Offer the World in Its Rise," Wang argues for the unsustainability of the U.S.-dominated globalization and pointed out that the “Belt and Road” initiative proposed by China is a great solution to narrow the gaps, initiate a true and inclusive globalization and become the main theme of the 21st century.
During this year`s annul spring meetings of the World Bank (WB) Group and the International Monetary Fund, the Asian Infrastructure Investment Bank (AIIB) and the WB signed a co-financing framework agreement to jointly fund major infrastructure projects in regions including Central Asia and South Asia. The AIIB in 2016 is anticipated to approve $1.2 billion in loans, with joint projects with WB and Asian Development Bank (ADB) accounting for a sizable share.
My Chinese and Japanese fellows all described the other country as neighbors that cannot be escaped, as a result of which the two can only cooperate. China ranks second in the world economy, sitting between the US and Japan. Politically, we can hardly separate the US and Japan. But economically, we should consider how to make the best of Sino-Japanese relations to serve China`s development.
It requires a huge amount of money to build a Eco-civilization. As a rule-of-thumb, one country needs to invest 1% to 1.5% of its Gross Domestic Product (GDP) to prevent its environment pollution from exacerbating. Only when the investment reaches as much as 2% to 3% of its GDP, can this country see an improvement in environment.
Driven by the "One Belt, One Road" initiative and "Made in China 2025" strategy, Chinese companies are expanding their outbound merger and acquisition (M&A) activity to optimize their global resource allocation, experts said on Tuesday.
Even though the recent wave of default incidents has increased market volatility in the short run, as long as this wave of bond defaults doesn`t trigger systemic financial risks, such cases will actually help to foster the healthy development of China`s bond market in the long run, because investors will have a better understanding of it, and will be more inclined to conduct due diligence beforehand.
The purpose of financial sector to develop mobile payment service should be serving people`s livelihood and benefitting the public, the payment methods provided by Samsung and others have enriched mobile payment market and provided multiple choices for consumers, so they can become the initiative selections in the natural market competition.
Now the previous star of the BRICS is plagued by economic collapse. But analysts mostly focus on political and economic factors, and ignore the unsustainable impetus for development caused by dwindling manufacturing.
The just concluded NPC Session and Chinese Premier Li Keqiang’s Report on Government Work have given a clear, comprehensive picture of the Chinese economy for the next five years. At the backdrop of a persistently weak and uncertain world economy and continuing downside pressure on Chinese own economy, the world second-largest economy will keep an annual growth rate of 6.5% for the 13th Five Year Plan (2016-2020), only marginally lower than last year’s 6.9%.
The 14th Meeting of Foreign Ministers of China, Russia and India is scheduled to convene in Moscow on Monday. The meeting comes in the backdrop of the just concluded India visit of US Defense Secretary Ashton Carter, during which the US and India have made a breakthrough on three agreements, termed as "foundation agreements," to deepen bilateral relationship.
China`s banking regulator has recently unveiled new guidelines designed to enhance risk management concerning domestic banking institutions` overseas operations. This marks a strategically pivotal step forward in addressing risks posed by the rapid expansion of domestic lenders in overseas markets.
China has recently emphasized a policy of international "industrial capacity cooperation." The specific feature of this, as Gu Dawei at China`s National Development and Reform Commission (NDRC) put it, is "capacity cooperation means more than export of finished products, but also the transfer of the whole industrial chain to help other countries beef up their manufacturing capability." This policy is not short term but economically rooted in China`s increasing participation in the latest stage o
This study investigates the long-run and short-run lead–lag linkages between American Depositary Receipt (ADR) prices and home country economic fundamentals in the context of the BRICs (Brazil, Russia, India and China).
We interviewed Yukio Hatoyama, former Japanese prime minister, on the afternoon of the very day that we arrived in Japan.
How to guarantee that China breaks through the "middle income trap" and makes the transition from a "middle" to a "high" income economy has become a hot topic. But unfortunately some discussion in the media of this fails to follow the fundamental Chinese saying of "seek truth from facts." Instead it follows a method of "ignore the facts, and focus on inaccurate dogma."
Looking deep into the US government, although there is no disagreement that the US should reinforce its efforts to counter China in the South China Sea, how to fulfill the goal has led to divergences. Carter, Chairman of the Joint Chiefs of Staff Joseph F. Dunford, Commander of the US Pacific Command Harry Harris and Chief of Naval Operations John M. Richardson have demanded muscle-flexing against China over the South China Sea disputes.