No China’s Economy is not Going to Crash

A great deal of highly inaccurate material is currently appearing in the Western media about the `crisis` of China`s economy – an economy growing three times as fast as the US or Europe. This follows a long tradition of similarly inaccurate `crash` material on China symbolised by Gordon Chang`s 2002 book `The Coming Collapse of China`.

EU needs judgment independent from US

The worsening refugee crisis indicates that chaos in the EU`s neighborhood is jeopardizing the long-term interests of the EU, and the situation is very likely to grow worse.

Youth Innovation to promote world progress

"Thriving youths lead to a thriving nation; Strong youths lead to a strong country." In the great age of innovation, youths with the most creative mind and vitality will become the new engine of economic and social development in the future. Whether in China or Austria, or other countries, we should provide good conditions, support and blessing for innovative youths.

Temasek model doesn’t offer necessary foundations for SOE reform in China

Moving from a centrally planned economy to a market-based economy has not been an easy journey for China. In an economy where everything was owned by the State and allocation of resources was based on the needs of society and not risk-adjusted returns, this move toward a market model in which reallocation of resources is based on best use has not been easy. Policymakers are trying to balance between the twin objectives of return from resources and control of resources and at times these two seem

IMF bureaucracy and US ambiguity key factors delaying yuan’s SDR inclusion

After the domestic stock market slump in July, the Chinese government took some unconventional measures to stabilize the market, but some IMF officials believed China`s move interfered with the market`s self-correcting mechanisms, affecting the marketization process.

China and advanced economies – a win-win relationship

As the Organization for Economic Cooperation and Development is the global institution for advanced economies, Chinese Premier Li Keqiang took advantage of a meeting at its Paris headquarters to offer a strategic overview on relations between China and these countries. The importance of the issues addressed reflects current key trends in the global economy.

China`s Manufacturing Set for Successful Transition

For decades, China has been known as the world`s factory, thanks to its exports of large quantities of finished products. But now its role has been challenged by "the rise of the rest," and people are wondering whether India, Vietnam or another country might replace China as the next world factory.

Government should prepare for unfavorable result of yuan drop

China must respond to challenge from TPP

China needs to consider how to address the challenges the TPP might bring, and there are likely to be two main areas. First, China will lose the opportunity to get involved in formulating the new generation of international trade rules, which will override WTO rules. The US is engaged in constructing these new rules through negotiations on the TPP, as well as the Transatlantic Trade and Investment Partnership (TTIP) and the Trade in Services Agreement (TiSA).

China`s RMB devaluation will aid the world economy

China’s five-year plans avoid problems inherent in Western, Soviet systems

BRICS Cooperation Helps Build New International Framework

The 7th BRICS (Brazil, Russia, India, China, and South Africa) summit was held in the Russian city of Ufa on July 8-9. This is the first time the group has come back to Russia after the country hosted the group`s first summit in 2009. Yet compared with the meeting in Yekaterinburg six years ago, the international background of the event has greatly changed, and those changes have prompted a closer partnership among the BRICS countries.

AIIB facing challenges on loan safety, finding consensus among members

The AIIB must do whatever it can to transcend the region`s complicated geopolitical conflicts, to give its investment projects a greater chance of success. But this will not be easy.

United States should cease playing with fire in South China Sea

The fifth article of the Declaration on the Conduct of Parties in the South China Sea states “Parties undertake to exercise self-restraint in the conduct of activities that would complicate or escalate disputes and affect peace and stability including, among others, refraining from action of inhabiting on the presently uninhabited islands, reefs, shoals, cays, and other features and to handle their differences in a constructive manner.”

China, U.S. seek new military relationship for greater good

The Chinese military expects to avoid misunderstandings and miscalculations with the U.S. side, and to maintain non-interrupted interactions with the Pentagon. Accordingly, the U.S. side should act in a more cooperative manner rather than engaging in provocative actions such as selling more advanced weapons to Taiwan and carrying out unrestricted military actions in the South China Sea.

The Rise of China’s New Soft Power

It is widely believed that although China’s hard power has increased tremendously in the last three decades, China’s soft power is still very limited. To some degree this is true. Very few big ideas come from Chinese thinkers; even the term ‘soft power’ itself is an American invention. Chinese leaders are well aware of this situation, and this is partly why the Chinese government in recent years has tried to promote China’s soft power through institutions like the Confucius Institutes and so on.

`Community of common destiny’ appeals to many

Since taking office in 2013, Chinese President Xi Jinping has made the notion of a "community of common destiny" the central focus of China`s relationship with its neighbors and the international community at large. With the introduction of initiatives such as the Asian Infrastructure Investment Bank (AIIB) and "One Belt, One Road," it appears the idea of the "community of common destiny" is not a slogan but current political mood in China which is part of concerted efforts in shaping a new worl

China`s accelerating `Internet revolution`

China is further speeding up its "Internet revolution." Premier Li Keqiang has launched the concept of "Internet Plus," which emphasizes integrating the mobile Internet, cloud computing, big data and the Internet of Things with manufacturing and e-commerce. To further boost Internet use, the premier recently urged China`s telecommunications operators to enhance Internet speeds and cut prices.

China`s Master Plan in the South China Sea

`Four Comprehensives`: China`s keys to prosperity

The first of the `Four Comprehensives` Xi Jinping has put forward, that China should become a `moderately prosperous society`, is a step towards the Chinese president`s definition of the country`s final goal: `the building of a moderately prosperous society in all respects by the centenary of the CPC in 2021, and building China into a modern socialist country… by the centenary of the PRC in 2049, so as to realize the Chinese Dream of the rejuvenation of the Chinese nation.`