SINCE the outbreak of the global financial crisis,the lack of confidence in the international monetary system and turmoil of the international financial environment have given rise to a resounding demand for reform an...SINCE the outbreak of the global financial crisis,the lack of confidence in the international monetary system and turmoil of the international financial environment have given rise to a resounding demand for reform and reconstruction of the international monetary system.Meanwhile,although China has made some progress in RMB regionalization,the use of its currency is展开更多
RECENT major changes in China’s industry structure,such as intensifying environmental protection and restricting resource exploitation,increasingly fi erce market competition,and fast progressing technologies,have re...RECENT major changes in China’s industry structure,such as intensifying environmental protection and restricting resource exploitation,increasingly fi erce market competition,and fast progressing technologies,have rendered the previously extensive development mode of the nation’s manufacturing sector obsolete.The old model features heavy production factor input and large-scale production expansion.展开更多
iN a July speech at the Paris headquarters of the Or- ganization for Economic Cooperation and Develop- ment （OECD）, Chinese Premier Li Keqiang said that it＇s time for China and the developed countries to build a ne...iN a July speech at the Paris headquarters of the Or- ganization for Economic Cooperation and Develop- ment （OECD）, Chinese Premier Li Keqiang said that it＇s time for China and the developed countries to build a new type of relationship. In his keynote address titled ＂Keep Development in Focus and Create Prosper- ity for All,＂ Li pointed out that China is still the largest developing country in the world, and that against the backdrop of a deeply integrated world economy, China and the developed countries can build a relationship focused on international production capacity collabora- tions and third-party market explorations. His assertion underscores China＇s new model of international eco- nomic cooperation.展开更多
THE Trans-Pacific Partnership(TPP),with its ambitious core objective of trade liberalization characterized by comprehensively advanced standards in all areas,has polarized international attention.Upon conclusion of ne...THE Trans-Pacific Partnership(TPP),with its ambitious core objective of trade liberalization characterized by comprehensively advanced standards in all areas,has polarized international attention.Upon conclusion of negotiations,the TPP becomes the world’s largest free trade zone,and so considerably infl uences the current restructuring of international trade rules and reforms to global展开更多
THE Central Committee of the Communist Party of China and the State Council jointly issued on March 23,2015 the＂Certain Opinions on Deepening Institutional and Mechanism Reforms and Accelerating Implementation of the...THE Central Committee of the Communist Party of China and the State Council jointly issued on March 23,2015 the＂Certain Opinions on Deepening Institutional and Mechanism Reforms and Accelerating Implementation of the Innovation-driven Development Strategy.＂How to make innovation the main engine of China’s development,therefore,has once more become the focal point of all walks of life.展开更多
IN 2015,as China’s state-owned enterprises(SOE)cautiously propel reforms,they find themselves in a new predicament–that of a decline in business performance while under the government anticorruption campaign searchl...IN 2015,as China’s state-owned enterprises(SOE)cautiously propel reforms,they find themselves in a new predicament–that of a decline in business performance while under the government anticorruption campaign searchlight.The economic new normal and construction of the anti-corruption system are the latest features of China’s reforms.展开更多
SINCE China and the U.S.officially established diplomatic relations on January 1,1979,their trade ties have developed rapidly.Bilateral trade increased from US$2.45 billion to US$555 billion in 2014,a growth of more t...SINCE China and the U.S.officially established diplomatic relations on January 1,1979,their trade ties have developed rapidly.Bilateral trade increased from US$2.45 billion to US$555 billion in 2014,a growth of more than 220-fold.In addition,the scale and scope of cooperation展开更多
THE Shanghai-Hong Kong Stock Connect Program is a strategic decision the Chinese government has taken to meet the needs of equity markets on the mainland and in Hong Kong Special Administrative Region.It represents an...THE Shanghai-Hong Kong Stock Connect Program is a strategic decision the Chinese government has taken to meet the needs of equity markets on the mainland and in Hong Kong Special Administrative Region.It represents an institutional innovation in the country’s capital market.During the first 25 trading days after the launch of the program on November 17,2014,more than RMB 71billion flowed into the mainland’s A-share market and RMB 9.5-plus billion into the Hong Kong market via the Stock Connect.Although the trade volume did not show explosive growth,it remained stable and orderly.It will take time for investors to warm to this scheme.In the long term,however,the Shanghai-Hong Kong展开更多
THE U.S.is spearheading economic recovery of the developed world,while China is at the fore of the emerging economies.Throughout this unbalanced,slower than expected resuscitation,China and the U.S.thus remain the two...THE U.S.is spearheading economic recovery of the developed world,while China is at the fore of the emerging economies.Throughout this unbalanced,slower than expected resuscitation,China and the U.S.thus remain the two leading engines of global economic growth–a phenomenon that has given rise to debates on which economy is more successful.Quarterly data over the past five years show strong展开更多
FOREIGN capital markets appeal strongly to Chi- nese enterprises for their scale, high efficiency and good services. Chinese enterprises now seek listings on foreign stock exchanges as the best way to do business a...FOREIGN capital markets appeal strongly to Chi- nese enterprises for their scale, high efficiency and good services. Chinese enterprises now seek listings on foreign stock exchanges as the best way to do business abroad, the United States the most favored destination.展开更多
SINCE 1979,when the policy of reform and opening-up came into force,China’s economic growth has been among the most rapid in Asia.Owing to similar cultures but different natural resources,China and its neighboring co...SINCE 1979,when the policy of reform and opening-up came into force,China’s economic growth has been among the most rapid in Asia.Owing to similar cultures but different natural resources,China and its neighboring countries have complemented one another’s needs during their respective phases of development.Bilateral investments and cooperation are hence mutually beneficial to China and its neighbors.These complementary economies展开更多
THE Eurozone,one of the world’s largest economies,has become a runner in the United States,Japan,and Britain’s QE"relay race."In late January 2015,the European Central Bank(ECB)announced its launch of QE(Q...THE Eurozone,one of the world’s largest economies,has become a runner in the United States,Japan,and Britain’s QE"relay race."In late January 2015,the European Central Bank(ECB)announced its launch of QE(Quantitative Easing),so ending longstanding conjecture.But the scale of more than€one trillion was way beyond anyone’s expectations.This monetary program creates more abundant global market liquidity and展开更多
INDIA’S K.V.Kamath’s nomination last May as president-designate of the New Development Bank(NDB)signified the BRICS-led bank’s entry into its substantive operational stage.The NDB board of governors will call its f...INDIA’S K.V.Kamath’s nomination last May as president-designate of the New Development Bank(NDB)signified the BRICS-led bank’s entry into its substantive operational stage.The NDB board of governors will call its first meeting and officially appoint the bank’s president and vice presidents during the BRICS summit in early July in Ufa,Russia.展开更多
文摘SINCE the outbreak of the global financial crisis,the lack of confidence in the international monetary system and turmoil of the international financial environment have given rise to a resounding demand for reform and reconstruction of the international monetary system.Meanwhile,although China has made some progress in RMB regionalization,the use of its currency is
文摘RECENT major changes in China’s industry structure,such as intensifying environmental protection and restricting resource exploitation,increasingly fi erce market competition,and fast progressing technologies,have rendered the previously extensive development mode of the nation’s manufacturing sector obsolete.The old model features heavy production factor input and large-scale production expansion.
文摘iN a July speech at the Paris headquarters of the Or- ganization for Economic Cooperation and Develop- ment （OECD）, Chinese Premier Li Keqiang said that it＇s time for China and the developed countries to build a new type of relationship. In his keynote address titled ＂Keep Development in Focus and Create Prosper- ity for All,＂ Li pointed out that China is still the largest developing country in the world, and that against the backdrop of a deeply integrated world economy, China and the developed countries can build a relationship focused on international production capacity collabora- tions and third-party market explorations. His assertion underscores China＇s new model of international eco- nomic cooperation.
文摘THE Trans-Pacific Partnership(TPP),with its ambitious core objective of trade liberalization characterized by comprehensively advanced standards in all areas,has polarized international attention.Upon conclusion of negotiations,the TPP becomes the world’s largest free trade zone,and so considerably infl uences the current restructuring of international trade rules and reforms to global
文摘THE Central Committee of the Communist Party of China and the State Council jointly issued on March 23,2015 the＂Certain Opinions on Deepening Institutional and Mechanism Reforms and Accelerating Implementation of the Innovation-driven Development Strategy.＂How to make innovation the main engine of China’s development,therefore,has once more become the focal point of all walks of life.
文摘IN 2015,as China’s state-owned enterprises(SOE)cautiously propel reforms,they find themselves in a new predicament–that of a decline in business performance while under the government anticorruption campaign searchlight.The economic new normal and construction of the anti-corruption system are the latest features of China’s reforms.
文摘SINCE China and the U.S.officially established diplomatic relations on January 1,1979,their trade ties have developed rapidly.Bilateral trade increased from US$2.45 billion to US$555 billion in 2014,a growth of more than 220-fold.In addition,the scale and scope of cooperation
文摘THE Shanghai-Hong Kong Stock Connect Program is a strategic decision the Chinese government has taken to meet the needs of equity markets on the mainland and in Hong Kong Special Administrative Region.It represents an institutional innovation in the country’s capital market.During the first 25 trading days after the launch of the program on November 17,2014,more than RMB 71billion flowed into the mainland’s A-share market and RMB 9.5-plus billion into the Hong Kong market via the Stock Connect.Although the trade volume did not show explosive growth,it remained stable and orderly.It will take time for investors to warm to this scheme.In the long term,however,the Shanghai-Hong Kong
文摘THE U.S.is spearheading economic recovery of the developed world,while China is at the fore of the emerging economies.Throughout this unbalanced,slower than expected resuscitation,China and the U.S.thus remain the two leading engines of global economic growth–a phenomenon that has given rise to debates on which economy is more successful.Quarterly data over the past five years show strong
文摘FOREIGN capital markets appeal strongly to Chi- nese enterprises for their scale, high efficiency and good services. Chinese enterprises now seek listings on foreign stock exchanges as the best way to do business abroad, the United States the most favored destination.
文摘SINCE 1979,when the policy of reform and opening-up came into force,China’s economic growth has been among the most rapid in Asia.Owing to similar cultures but different natural resources,China and its neighboring countries have complemented one another’s needs during their respective phases of development.Bilateral investments and cooperation are hence mutually beneficial to China and its neighbors.These complementary economies
文摘THE Eurozone,one of the world’s largest economies,has become a runner in the United States,Japan,and Britain’s QE"relay race."In late January 2015,the European Central Bank(ECB)announced its launch of QE(Quantitative Easing),so ending longstanding conjecture.But the scale of more than€one trillion was way beyond anyone’s expectations.This monetary program creates more abundant global market liquidity and
文摘INDIA’S K.V.Kamath’s nomination last May as president-designate of the New Development Bank(NDB)signified the BRICS-led bank’s entry into its substantive operational stage.The NDB board of governors will call its first meeting and officially appoint the bank’s president and vice presidents during the BRICS summit in early July in Ufa,Russia.
