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Wang Yiwei: Belt and Road Initiative serves common development
Wang, director of the Institute of International Affairs at Renmin University of China, said that some discussions were misleading as the initiative was sometimes misinterpreted as a Chinese version of the Marshall Plan and China’s efforts in this regard were viewed as intended to influence the Asia-Pacific region.
2016-02-25 -
Liu Zongyi: India should avoid division within BRICS
Currently, divisions in monetary policy are particularly sharp among major economies. After the Federal Reserve Board raised interest rates, emerging economies including BRICS are seeing capital outflows. Meanwhile, geopolitical competition in the Middle East and Europe, as well as rising terrorism threats, is influencing the world economy, to which BRICS is not immune.
2016-02-25 -
Dong Ximiao: As Apple Pay Debuts in China, A State-Run Newspaper Voices Support
Compared with foreign-made bank card and ATM machines, Apple Pay is much less involved in the core of the payments.
2016-02-24 -
Wang Wen: Both Iran, Pakistan stand to benefit from One Belt, One Road
During Chinese President Xi Jinping`s recent visit to the Iranian capital of Tehran in January, the two countries agreed to cooperate in a number of areas including energy, transportation, railways and ports. The new development raised some concern in the Pakistani media that the China-Pakistan Economic Corridor (CPEC) could face some competition from Iran. Experts interviewed by the Global Times disputed the notion. They said the lifting of international sanctions against Iran could help boost
2016-02-23 -
Liu Zhiqin: China’s transition can keep global recovery on track
In China, we should focus our capital and efforts on developing the "intelligent industry" that will become our main engine to lead our economy forward. China should shift its role as a "hard engine" of consumption of resources to a "soft engine" by providing various technologies and smart know-how to meet the global demand.
2016-02-19 -
Zhao Minghao: Europe fails to recognize China’s role in maintaining global security
Strategists in the US and Europe should be aware that China is a cooperative partner they cannot afford to lose in terms of maintaining global stability. Immune from any religious ideology, China has not waged war for over three decades. It`s a guardian of international nuclear nonproliferation mechanisms and a leading force in dealing with the climate change. More importantly, sticking to market-oriented reforms, the Chinese economy has become more integrated into the world economy than that of
2016-02-18 -
Wang Wen: China`s exclusion from TPP and TTIP against globalization
The major international trade pacts known as the Trans-Atlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP) will involve historical errors without China`s participation, Wang Wen, executive dean of Chongyang Institute for Financial Studies, a think tank under Beijing`s prestigious Renmin University, claimed during the annual conference of the Istanbul Chamber of Industry on Saturday.
2016-02-15 -
Zhao Minghao: ASEAN unwilling to see China, US clash
ASEAN doesn`t want to be a bargaining chip used by the US or China for geopolitical games. It wants its own strategic autonomy, which must be respected by China and the US. Besides the South China Sea disputes, ASEAN is also troubled by non-traditional security threats including terrorism and natural disasters. In order to deal with these challenges, ASEAN needs full-scale cooperation with China and the US. It is unwise to observe how China and the US interact with ASEAN from a zero-sum perspect
2016-02-15 -
John Ross: China`s new position in global economic governance
At the beginning of 2016, changes in the structure of the IMF at last came into effect which had been originally agreed in December 2010 under the impact of the international financial crisis. They gave China the third largest place among IMF quotas and meant that the BRIC economies (Brazil, China, India, and Russia) became among the 10 largest members of the IMF, joining the US, Japan, Germany, France, the UK and Italy. More than six percent of quota shares were shifted to developing economics.
2016-02-11 -
Wang Wen: Germany tipped for a top spot in the China-led AIIB
“Britain should have sent someone more powerful and more experienced to the AIIB. This would be in Britain’s interests and help cement its status in the bank,” said Wang Wen, director of Renmin University’s Chongyang Institute for Financial Studies. “The most important standard for China is that they have professional and financial expertise, because this will be critical to the AIIB’s successful operation in the first five years.”
2016-02-05 -
Jia Jinjing: Road to development
"The initiative is the only ideal way for the region to realize peace and development," said Jia Jinjing, a director-general of Department of Macroeconomics at the Chongyang Institute for Financial Studies, Renmin University of China.
2016-02-04 -
Zhao Minghao: What Xi can offer Middle East
Those who have criticized China’s cautious foreign policy need to reconsider their position, following President Xi Jinping’s just-completed visit to Saudi Arabia and Iran -- two major Middle Eastern powers that are currently at each other’s throats.
2016-02-03 -
Why Soros Is Wrong About the Chinese Economy`s `Hard Landing`
While it is no longer a surprise that China’s economy is slowing down, it should be noted that China’s GDP growth in 2015 was still at 6.9 percent, a proud number for any large economy. Some scholars have raised the question of just how accurate China’s GDP numbers are and these concerns are legitimate. But even after factoring all these concerns, China’s GDP growth was still impressive. This year, we may well see an even lower number like 6.5 percent. Yet even this is still good enough to keep
2016-02-03 -
Zhao Minghao: US provocations serve multiple purposes
On Saturday, the guided missile destroyer USS Curtis Wilbur sailed within 12 nautical miles of the Chinese territorial waters around the Xisha Islands without permission and Chinese troops stationed at the islands and naval ships took immediate action. The two sides didn`t clash, but no one can be assured that they would always be lucky in this way.
2016-02-02 -
Jia Jinjing: High-speed rail project halt denied
Jia Jinjing, director of the macro research department at the Chongyang Institute for Financial Studies at Renmin University of China, said reports that the project was stalled reflect a complex of interests in the competition behind the rail. The rail deal was signed in October, after months of competition between China and Japan and a last-minute change of mind by Indonesia.
2016-02-02 -
John Ross: Lessons for Latin America from China’s Economic Success
As Latin American nations gather for the CELAC conference, a dividing is opening between those who want a return to neo-liberalism and those who want to defend 21st Century Socialism in more difficult economic times. Below economist John Ross looks at the lessons for the Latin American left from China’s economic success.
2016-02-01 -
Jia Jinjing: "Belt & Road" offers blueprint for peaceful development in Mideast
Xi`s visit has brought a new blueprint for the Middle East - realizing peaceful development via the "One Belt, One Road" initiative. The blueprint has been welcomed by all Middle Eastern nations. It is the only ideal way for the region to realize peace and development.
2016-01-27 -
John Ross: Expert on China’s Provincial 2015 GDP Growth
GDP growth has varied widely across different regions. But the value added of the service sector generally witnessed fast growth, and the sector`s annual GDP growth rate was about 10 percent, much higher than the national rate of 6.9 percent.
2016-01-27 -
Ma Jun: No basis for renminbi to devaluate over long term
There is simply no basis for the renminbi, or yuan, to devaluate over the long term as the Chinese economy has been robust. The slowdown in economic growth is justifiably within expectations of decision-makers even though it had surprised some of the players on the market.
2016-01-27 -
Zhao Minghao: Development solution to Mideast tangles
The China-Middle East cooperation has revealed a different side of the turmoil region to the world. The tougher a situation the Middle East is facing, the more valuable hope will be. Peace and development are interdependent. Targeted killings, drones and bombers cannot address the threat of terrorizing the Middle East.
2016-01-26
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