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.
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.
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.
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.
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.
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.
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.
John Ross, Senior Fellow of the Chongyang Institute for Financial Studies at Renmin University was interviewed by CCTV News World Insight programme on Davos Forum.
Wang Yiwei, director of the Institute of International Affairs at Renmin University of China, said, "China`s successful experience in the process of modernizing itself has greatly inspired and encouraged the Arab countries to explore their own developing pathways that adapt to their respective national conditions."
It`s being reported that China is expected to expand the investor team for local government bonds this year.The report quoted an official with China`s Ministry of Finance saying that the government is working to allow more participants in the program.
"Infrastructure is greatly needed for economic and social development in the Middle East," said Wu Sike, China`s former special envoy to the Middle East. "Chinese companies have been working with Arab countries in this area for a long time, accumulating a certain foundation."
Xi Jinping`s visit to Egypt, Iran, and Saudi Arabia this week takes China`s President to three of the Middle East`s most important states – a region which is simultaneously one of the world`s most important, with some of its greatest natural resources, but also one of the world`s most politically troubled. China`s foreign policy is significant for all aspects of the region as well as its global context.
Now, China and Iran aspire to revive the camel-trodden, garrison-guarded dirt trails of the Silk Road that vanished long ago in a modern context, and have promised to deepened cooperation.
China has already been the No 1 exporter of most its exported products, and there is an absence of foreign competition, which means the competition for these products exists only domestically, so there is no need for a currency competition.
The overlap of the Juncker Plan`s ideas with China`s Belt and Road initiative is evident. China`s new distinctive idea in the initiative, as with parallel ones such as the Asian Infrastructure Investment Bank (AIIB), is explicitly tying together trade and infrastructure investment initiatives.
Evidently, other countries including China will confront the same challenges with the US. In the past few years, China has carried out many major reforms. Medical and health insurance reform has been promoted since 2009. Currently, 95 percent of the overall Chinese population are guaranteed basic healthcare services. Yet, China is still facing a number of challenges.
John Ross, Senior Fellow of the Chongyang Institute for Financial Studies at Renmin University was interviewed on CCTV News World Insight programme on the RMB`s exchange rate.
Why are China and the US cooperating to resolve Afghanistan`s problem? The reasons are multiple including the US global rebalancing, the need for stabilizing Afghanistan and the region for mutual interest, the Afghan government`s inability to restore peace in the country and region, and China`s growing role in resolving international and regional issues.
If introducing the circuit-breaker mechanism was a small mistake, then hastily suspending it now is a huge error. These reckless regulatory acts not only dampen China`s image internationally, but also weaken international confidence in the Chinese stock market. If this confidence drops below their tolerance level, the Chinese market will face a worst scenario of isolation.
New data from the China Association of Automobile Manufacturers shows auto sales in China in 2015 increased 4.7 percent year-on-year, with 24.6 million vehicles sold. That growth rate in the world`s largest auto market is the slowest in 3-years.