The recent official meetings between Chinese Commerce Minister Wang Wentao and his counterpart,Gina Raimondo,U.S.Commerce Secretary,in Washington,D.C.on May 25,and Katherine Tai,USTR in Detroit,the following day,blew ...The recent official meetings between Chinese Commerce Minister Wang Wentao and his counterpart,Gina Raimondo,U.S.Commerce Secretary,in Washington,D.C.on May 25,and Katherine Tai,USTR in Detroit,the following day,blew fresh air into China-U.S.trade relations that have been at a low ebb for a few years since the Trump administration launched a trade war against China.展开更多
The global supply chain is based on the global distribution of materials,technology,capital,labor,and markets and thus cannot be altered by political motives.KEEPING a sound and stable global supply chain will benefit...The global supply chain is based on the global distribution of materials,technology,capital,labor,and markets and thus cannot be altered by political motives.KEEPING a sound and stable global supply chain will benefit not only China and America,but also the world at large.Janet Yellen,U.S.secretary of treasury,has realized the devastating consequences of decoupling U.S.economy from Chinese economy when she spoke at John Hopkins Institute on April 20,2023.Yellen said,“The United States will assert ourselves when our vital interests are at stake.But we do not seek to decouple our economy from China’s.A full separation of our economies would be disastrous for both countries.It would be destabilizing for the rest of the world.”展开更多
The Noticeof Proposed Rulemaking(NPRM)on Implementation of Outbound Investment Executive Order(E.0.14105),issued by the U.S.Department of the Treasury on June 21,symbolizes a substantive stifling of the U.S.hi-tech in...The Noticeof Proposed Rulemaking(NPRM)on Implementation of Outbound Investment Executive Order(E.0.14105),issued by the U.S.Department of the Treasury on June 21,symbolizes a substantive stifling of the U.S.hi-tech investment in China.展开更多
The first disclosure of the Beijing- Tianjin-Hebei （BTH） integration plan is neither the future industries upgrading and synergy, nor the deepening reforms, but interestingly, was the envision of Baoding as a suppor...The first disclosure of the Beijing- Tianjin-Hebei （BTH） integration plan is neither the future industries upgrading and synergy, nor the deepening reforms, but interestingly, was the envision of Baoding as a supportive Capital. This idea has given Baoding property market a strong push, with 10% rise in a week. The mayor of the city was also talking about creating a new super city proper of 5 million residents, almost 5 times as the current size.展开更多
The Fortune Global S00 list 2014, released on July 7, showed further headway by Chinese companies. In all, 91 companies （not including those based in Hong Kong and Taiwan） were included, second only to the US with 1...The Fortune Global S00 list 2014, released on July 7, showed further headway by Chinese companies. In all, 91 companies （not including those based in Hong Kong and Taiwan） were included, second only to the US with 128. SINOPEC moved to third, with total revenue of US$457.20 billion in 2013, and ChinaOil moved to fourth, with US$432.01 billion, both overtaking Exxon Mobil. China State Grid, with US$333.39 billion in revenue, moved up to 7th. Hence, China took three of the top 10 places, compared to the US which took only two.展开更多
The National Day holiday week this year saw another new record in overseas travel by Chinese mainlanders. Seoul, Tokyo, Paris, London and other leading world destinations saw torrents of Chinese shoppers flooding the ...The National Day holiday week this year saw another new record in overseas travel by Chinese mainlanders. Seoul, Tokyo, Paris, London and other leading world destinations saw torrents of Chinese shoppers flooding the large shopping centres. Most of the major retailers there were fully prepared, with Chinese interpreters on hand and promotion kits in Chinese available. A Xinhua News release reported that China＇s trade in tourism will record a deficit of over US$100 billion in 2014, by far the largest factor in the country＇s service industry deficit.展开更多
The 7.5% GDP growth in Q2 marks the 5th consecutive quarterly slow- down by the Chinese economy, and this is causing concern the world over. At a Moscow meeting of G20 finance ministers and central bank governors on ...The 7.5% GDP growth in Q2 marks the 5th consecutive quarterly slow- down by the Chinese economy, and this is causing concern the world over. At a Moscow meeting of G20 finance ministers and central bank governors on July 19 and 20, the developed countries asked China to speed up its growth so as to give the weak world economy a stron- ger impetus. However, the request was declined by China＇s finance minister, Lou Jiwei.展开更多
Despite higher previous estimates by ,experts, the annual session of the National People＇s Congress, held in arch, set the 2013 GDP growth target at 5%, slightly lower than the actual 2012 erformance of 7.8%. The ind...Despite higher previous estimates by ,experts, the annual session of the National People＇s Congress, held in arch, set the 2013 GDP growth target at 5%, slightly lower than the actual 2012 erformance of 7.8%. The indication is lat the top priority for economic growth is change of the growth mode and restructring, rather than high speed.展开更多
In 2014, the first year of the compre- hensive deepening of reform called for by the Third Plenum of the 18thCPC Central Committee, the focus of economic growth will shift from speed to sustainability, This year will...In 2014, the first year of the compre- hensive deepening of reform called for by the Third Plenum of the 18thCPC Central Committee, the focus of economic growth will shift from speed to sustainability, This year will undoubtedly see stron- ger economic growth globally than 2013. The International Monetary Fund （IMF） estimates that the world economy will grow by 3.6%, faster than the 2.9% in 2013.展开更多
The world witnessed significant bilateral and multilateral diplomatic activities in Riyadh,capital of Saudi Arabia on December 7-10,namely,the state visit of Chinese President Xi Jinping to Saudi Arabia,the First Chin...The world witnessed significant bilateral and multilateral diplomatic activities in Riyadh,capital of Saudi Arabia on December 7-10,namely,the state visit of Chinese President Xi Jinping to Saudi Arabia,the First China-Arab States Summit and the China-Gulf Cooperation Council(GCC)Summit.展开更多
The Office of the U.S. Trade Represen- tative （USTR） in mid-November forwarded a statement of opposition to giving China market economy status （MES） to the WTO, in support of a similar state- ment from the EU. The...The Office of the U.S. Trade Represen- tative （USTR） in mid-November forwarded a statement of opposition to giving China market economy status （MES） to the WTO, in support of a similar state- ment from the EU. The Chinese Ministry of Commerce has voiced its strong dissatisfac- tion with the U.S. decision, which was made public on November 30.展开更多
The ＂Made in China 2025＂ strategy adopted recently by the State Council should not merely be comprehended as an industrial strategy, but should be fully understood as a national strategy. World history since the fir...The ＂Made in China 2025＂ strategy adopted recently by the State Council should not merely be comprehended as an industrial strategy, but should be fully understood as a national strategy. World history since the first industrial revolution in the late 18th century has shown that all the advanced economies are based on a whole spectrum of advanced industrialization. Under the new normal of the Chinese economy, the growth engine and structural changes should be focused not on the modern service sector alone; industrial advancement and growth should have equal priority.展开更多
The on-going third APEC senior officials meeting （3SOM） in Beijing, August 6-21, is the last SOM before the 2014 APEC Summit in Beijing in November. Prior to the core SOM on August 20-21, there have been approxima...The on-going third APEC senior officials meeting （3SOM） in Beijing, August 6-21, is the last SOM before the 2014 APEC Summit in Beijing in November. Prior to the core SOM on August 20-21, there have been approximately 100 committee or sub-committee meetings, working group meetings, policy dialogues, seminars, workshops, exhibitions and other events. 3SOM covers the whole range of APEC interests, from trade and investment, customs procedures, standard conformance and the anti-corruption effort, to connectivity, e-commerce,展开更多
文摘The recent official meetings between Chinese Commerce Minister Wang Wentao and his counterpart,Gina Raimondo,U.S.Commerce Secretary,in Washington,D.C.on May 25,and Katherine Tai,USTR in Detroit,the following day,blew fresh air into China-U.S.trade relations that have been at a low ebb for a few years since the Trump administration launched a trade war against China.
文摘The global supply chain is based on the global distribution of materials,technology,capital,labor,and markets and thus cannot be altered by political motives.KEEPING a sound and stable global supply chain will benefit not only China and America,but also the world at large.Janet Yellen,U.S.secretary of treasury,has realized the devastating consequences of decoupling U.S.economy from Chinese economy when she spoke at John Hopkins Institute on April 20,2023.Yellen said,“The United States will assert ourselves when our vital interests are at stake.But we do not seek to decouple our economy from China’s.A full separation of our economies would be disastrous for both countries.It would be destabilizing for the rest of the world.”
文摘The Noticeof Proposed Rulemaking(NPRM)on Implementation of Outbound Investment Executive Order(E.0.14105),issued by the U.S.Department of the Treasury on June 21,symbolizes a substantive stifling of the U.S.hi-tech investment in China.
文摘The first disclosure of the Beijing- Tianjin-Hebei （BTH） integration plan is neither the future industries upgrading and synergy, nor the deepening reforms, but interestingly, was the envision of Baoding as a supportive Capital. This idea has given Baoding property market a strong push, with 10% rise in a week. The mayor of the city was also talking about creating a new super city proper of 5 million residents, almost 5 times as the current size.
文摘The Fortune Global S00 list 2014, released on July 7, showed further headway by Chinese companies. In all, 91 companies （not including those based in Hong Kong and Taiwan） were included, second only to the US with 128. SINOPEC moved to third, with total revenue of US$457.20 billion in 2013, and ChinaOil moved to fourth, with US$432.01 billion, both overtaking Exxon Mobil. China State Grid, with US$333.39 billion in revenue, moved up to 7th. Hence, China took three of the top 10 places, compared to the US which took only two.
文摘The National Day holiday week this year saw another new record in overseas travel by Chinese mainlanders. Seoul, Tokyo, Paris, London and other leading world destinations saw torrents of Chinese shoppers flooding the large shopping centres. Most of the major retailers there were fully prepared, with Chinese interpreters on hand and promotion kits in Chinese available. A Xinhua News release reported that China＇s trade in tourism will record a deficit of over US$100 billion in 2014, by far the largest factor in the country＇s service industry deficit.
文摘The 7.5% GDP growth in Q2 marks the 5th consecutive quarterly slow- down by the Chinese economy, and this is causing concern the world over. At a Moscow meeting of G20 finance ministers and central bank governors on July 19 and 20, the developed countries asked China to speed up its growth so as to give the weak world economy a stron- ger impetus. However, the request was declined by China＇s finance minister, Lou Jiwei.
文摘Despite higher previous estimates by ,experts, the annual session of the National People＇s Congress, held in arch, set the 2013 GDP growth target at 5%, slightly lower than the actual 2012 erformance of 7.8%. The indication is lat the top priority for economic growth is change of the growth mode and restructring, rather than high speed.
文摘In 2014, the first year of the compre- hensive deepening of reform called for by the Third Plenum of the 18thCPC Central Committee, the focus of economic growth will shift from speed to sustainability, This year will undoubtedly see stron- ger economic growth globally than 2013. The International Monetary Fund （IMF） estimates that the world economy will grow by 3.6%, faster than the 2.9% in 2013.
文摘The world witnessed significant bilateral and multilateral diplomatic activities in Riyadh,capital of Saudi Arabia on December 7-10,namely,the state visit of Chinese President Xi Jinping to Saudi Arabia,the First China-Arab States Summit and the China-Gulf Cooperation Council(GCC)Summit.
文摘The Office of the U.S. Trade Represen- tative （USTR） in mid-November forwarded a statement of opposition to giving China market economy status （MES） to the WTO, in support of a similar state- ment from the EU. The Chinese Ministry of Commerce has voiced its strong dissatisfac- tion with the U.S. decision, which was made public on November 30.
文摘The ＂Made in China 2025＂ strategy adopted recently by the State Council should not merely be comprehended as an industrial strategy, but should be fully understood as a national strategy. World history since the first industrial revolution in the late 18th century has shown that all the advanced economies are based on a whole spectrum of advanced industrialization. Under the new normal of the Chinese economy, the growth engine and structural changes should be focused not on the modern service sector alone; industrial advancement and growth should have equal priority.
文摘The on-going third APEC senior officials meeting （3SOM） in Beijing, August 6-21, is the last SOM before the 2014 APEC Summit in Beijing in November. Prior to the core SOM on August 20-21, there have been approximately 100 committee or sub-committee meetings, working group meetings, policy dialogues, seminars, workshops, exhibitions and other events. 3SOM covers the whole range of APEC interests, from trade and investment, customs procedures, standard conformance and the anti-corruption effort, to connectivity, e-commerce,
