Primary concentration on the economy`s "demand" side is misapplied in either China`s Marxist or a "Western" economic framework. Switching focus to the supply side introduces greater precision into economic policymaking as specific numbers must be stated to calculate the requirements for at least 6.5% growth.
China`s major diplomatic events in 2015, which started with the first ministerial meeting of the Forum of China and the Community of Latin American and Caribbean States in January and ended with the China-Africa Cooperation Forum in December, were milestones in its efforts to shoulder more international responsibilities as the world`s second-largest economy and largest developing country.
It`s being reported the Chinese government is setting up a 30-billion-yuan fund to help eliminate industrial overcapacity and reconstruct so-called "zombie companies".
The huge consumption market will give birth to a new generation of entrepreneurs, who, in their growth, will follow a different path than that of their fathers.
Many people worry that a military conflict is likely to happen between China and the US with the US intensifying its military actions against China in the South China Sea. All regional powers except the Philippines and Japan are upset with the escalation of conflicts.
Cyberspace should not become a safe heaven for criminals. Amid the increasing complex global situation, cyberspace should never become a new strategic frontier for rivalry among big powers as it is bound to be a game where no side wins.
For countries with different social systems and ideologies that want to collaborate with each other, the China-Pakistan relationship has become a model to follow. This type of relationship is not based on common values and systems, but on same or similar strategic and security interests. Today common security concerns still exist, and some new concerns like global terrorism and maritime security have arisen for both sides in recent years.
Ma Jun, chief economist at the central bank`s research bureau, said a baseline forecast for real GDP growth in 2016 is 6.8 percent, slightly lower than the expectation of 6.9 percent for this year. For next year, the baseline CPI inflation forecast is 1.7 percent, he said.
New stats are suggesting Chinese acquisitions in the Asia-Pacific region have helped push the value of annual deals past one trillion U.S. dollars for the first time.The same set of data also shows Chinese companies have spent a record 102-billion U.S. dollars on mergers and acquisitions so far this year.
The recent development of China-EU relationship enjoyed some new features. The two sides scored more and more cooperation in developing standards in manufacturing sectors, and exploring third-party markets, as Europe had advantages in high-technology and China was good at the marketization of new high tech fruits.
“Staving off an increase in atmospheric temperature of 2C will greatly affect people’s lives and deeply change the current industrial structure. For China, the pressure will be most keenly felt in the coal industry, already faced with excess capacity.”
John Ross, a senior fellow at the Chongyang Institute for Financial Studies at Renmin University of China, was interviewed by CCTV on US interest rate hike.
China has a clear policy framework for relations not only with Britain but with all countries. This was formulated by Xi Jinping as a "community of shared future." This notes that in the modern globalized world, countries increasingly interact with each other, therefore one country`s well-being is inextricably intertwined with others` well-being. This is immediately obvious for questions such as halting climate change, which cannot be achieved by any one country, or the struggle against terroris
It`s being reported that China is likely to release detailed supervision rules governing the P2P lending industry in the second half of next year, at the earliest.Some analysts predict the new rules will require the industry to implement a negative list system.
In early December, the first China-US ministerial dialogue on fighting cyber crimes was held in Washington. Beijing and Washington are joining hands to enter a new phase of progress through bilateral law-enforcement cooperation on cyber security.Cyberspace should not become a safe heaven for criminals. Amid the increasing complex global situation, cyberspace should never become a new strategic frontier for rivalry among big powers as it is bound to be a game where no side wins.
Chen Xiaochen, a research fellow at Chongyang Institute for Financial Studies of China`s Renmin University, said that through the Belt and Road Initiative, the SCO will develop rapidly on the ancient Silk Road.
Tokyo and New Delhi are hoping to impose pressure on China by clinging to the other, but at the same time, both Modi and Abe are making efforts to improve ties with China. Neither wants to be the first one to clash with China, while both are prepared to seek gains from the other side`s conflicts with Beijing.
"Influenced by the rapid development of the Chinese economy, today`s younger generation have more awareness and interest in finance and are more willing to learn to better manage their wealth," Dong said, "This is a good thing because no one can avoid dealing with money throughout life and learning about finance at a young age could help them form proper attitudes about money so that they realize it is about the responsible management of their future life and families, rather than just a method
Focusing on the supply side will be crucial for China`s future economic reform. It is expected that during the 13th Five-Year Plan period, China will set supply-side macroeconomic management as a core concept for a series of economic measures.
China`s peaceful rise matches the UN principle. Peace and development are also magic codes that lead to China`s peaceful rise. Actually, China`s diplomatic goals and principles are based on those of the UN, but further developed. China`s experience is peace, development, cooperation and win-win. The principles are similar, so the implementation is the key.