I believe that for an issue of such significance, it is imprudent to jump to such a simple conclusion without thorough research into how the money is being used by the government agencies, because different levels of government vary in their financial capabilities and financial management.
Most Chinese people think of Africa as a far-off, remote land. Many people got to know about it from books, movies and pictures of wild animals, deserts, and the generally poor living conditions. The people and the culture of Africa remain mysterious and interesting to people outside the continent.
The tenth meeting of the G20 heads of government was held over the weekend in Turkey`s southwestern city of Antalya. Themed around "Collective Action for Inclusive and Robust Growth," the summit embraced the priorities of "inclusiveness, implementation and investment" and discussed the global economic landscape, inclusive growth, anti-corruption and other topics.
Wang Wen, who is attending the Think 20, an advisory adjunct to G20 says that the initiative contributes to greater economic stability.
China can better share its development experience with the world as host of the 2016 summit. The nation will promote as a core value finance that serves the real economy. It will also promote increased long-term infrastructure investment and closing the global infrastructure funding gap.
Economic growth will be the top priority during China’s G20 presidency, says Hu Yuwei, a research fellow at the Chongyang Institute for Financial Studies (RDCY) of Renmin University of China.
Wang Wen, the executive dean of the Chongyang Institute for Financial Studies of Renmin University of China, said that since China will chair the G20 summit next year, "the hosting in itself is a perfect chance for China to better get integrated into the world and make it better".
Although terrorism is likely to be a main talking point at the G20 summit in Turkey`s southwestern seaside city of Antalya, and Francois Hollande has announced he will not attend, the planned discussions on the three main themes, "inclusiveness, investment and implementation", will still take place.
The character of the Trans-Pacific Partnership (TPP) becomes clear immediately after the fundamental economic data for its 12 intended signatory countries is examined. They are dominated by the G7 economies of the United States, Japan and Canada. These, together with Australia, constitute 90 percent of the GDP of potential signatories. Participating developing economies - Mexico, Malaysia, Chile, Vietnam and Peru - make up only 8 percent.
The Chinese and US navies kicked off a joint military drill in the Atlantic waters near Florida recently. Despite frictions caused by a US Navy destroyer sailing into waters within 12 nautical miles of Chinese islands in the South China Sea, both countries hope to avoid miscalculation and advance military communication and cooperation steadily amid divergences.
Since the 1980s, Chinese society has undergone changes not only from a political perspective but also in terms of economics and regulation. The economy has seen annual growth rates of up to 14 percent and appears to be stabilizing at just under 7 percent per annum.
China`s GDP now accounts for 13 percent of the global total and China has become one of the three major economic powers in the world together with the US and EU.
The international monetary system must be realigned to reflect today’s less Western-centric global economy, argues Wang Wen, Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China.
The recently concluded fifth plenary session of the 18th Communist Party of China (CPC) Central Committee sent a clear message to the whole world: China will continue its efforts to boost its economic growth, pursuing a more appropriate speed and pattern.
Zhang`s words were echoed by Wang Wen, the Executive Dean of the Chongyang Institute for Financial Studies, at China`s Renmin University. He believed that the meeting will mark a key "leap" for cross-Strait relations. "It is a decisive and visionary decision made by the two policy-makers and will have historic significance," he said.
In the next five years, China will deepen its reform and opening up, and upgrade its international competitiveness. In the following decade, outward direct investment will reach some US$1.5 trillion, turning China into a major capital exporting country from a capital importing one.
Leaders from some EU and Balkan countries met for an emergency summit in Brussels recently to discuss the increasingly severe refugee crisis. The EU Commission announced that the leaders had agreed to a 17-point plan to solve the issue.
Western media analysis of the Communist Party of China (CPC) Central Committee Plenum to consider the outlines of the 13th Five Year Plan was dominated by discussion of the possible GDP growth rate to be set, while immediate news reports focused on replacement of the "one child" family planning policy with a "two child" one.
Beijing and Washington need to keep the focus on "new model" instead of "major country/great power." This "new model" of relationship between China and the United States is crucial to tackling 21st-century challenges such as cyber security and climate change. When it comes to cyber or climate issues, frankly speaking, there is a lack of knowledge, ability and experience on both sides.
The third India-Africa Forum Summit recently held in New Delhi was the largest one since India launched the summit in 2008. It was reportedly attended by representatives of 54 African countries, including over 40 heads of state and government. The scope of the event displays Indian Prime Minister Narendra Modi`s style and ambition of enhancing India`s international position through massive diplomatic activities.