Forty Years of Reform and Opening Up and the Building of a Moderately Prosperous Society

Over the past forty years of reform and opening up,the Communist Party of China(CPC)has led people of all ethnic groups in the country to carry out the practice of building a moderately prosperous society.Combining Marxism with the contemporary reality of China,the CPC has adapted Marxism to the Chinese context and enriched the theory of building a moderately prosperous society since its initiation.In practice,China already achieved the goal of ensuring the people a moderately prosperous life and is now striving to secure a decisive victory in building a moderately prosperous society in all respects,making tremendous progress in economic and social development.To complete the building of a moderately prosperous society in all respects and achieve the intended goal,China should accelerate the advancement of the targeted poverty alleviation strategy,continue to improve the people’s livelihood,and maintain sustained and sound economic and social development.

Inclusive Finance,Income Gaps and Common Prosperity

According to the Report to the 20^(th) CPC National Congress,delivering common prosperity for all the people is an intrinsic requirement of Chinese modernization.Based on China Household Finance Survey(CHFS)data from 2015 to 2019,this study examines the effects of inclusive finance on China’s household income disparities and demonstrates how inclusive finance contributes to shared prosperity.Our empirical research reveals that inclusive finance has significantly decreased the income disparities between Chinese households.Inclusive finance has significantly increased the income levels of households below the 40^(th) percentile,making it more likely for them to move above the 40^(th) percentile of incomes,which is conducive to delivering common prosperity.Our analysis indicates that inclusive finance will reduce income disparities by assisting low-income households in starting a business and by promoting rural household employment.Reflecting its inclusive nature,further investigation reveals that inclusive finance has a greater positive impact on the income level of vulnerable households.Our research offers new evidence for comprehending the role of inclusive finance and a new interpretation of income disparities,with policy implications for accelerating Chinese modernization.

An Inquiry into the Approach to Asian Regional Trade Integration Under the Belt and Road Initiative——The Case of the Alignment of a China-Japan-South Korea Free Trade Area

It has been five years since the Belt and Road Initiative (BRI) was first introduced. Though there has been a growing body of literature on regional cooperation between covered countries, Japan and South Korea have been barely discussed. This paper starts with the consensus-based mechanism of a China-Japan-South Korea Free Trade Area (FTA) to probe the approach of its alignment with the BRI in terms of the sequence of “master plans,”“viability of cooperation,” and “embedding of rules.” This inquiry found that the three countries have a shared interest in cooperation in Central Asia to which China prefers a pragmatic approach, while Japan and South Korea an approach combining idealism with pragmatism. Given the huge potential of cooperation between the trio, it is suggested that a “Central Asia chapter” be incorporated in the negotiation framework of this trilateral FTA, and that the design feature three aspects;fundamental principles, specific rules, and an executive body with a view to functionally contributing to regional trade integration in Asia. This approach may also be applied to the alignment of other Asian areas with the BRI.

When Fish Becomes Dragon

Although the relationship between China and Nigeria is focused on bilateral trade,technological exchanges and partnership in space and telecommunication programs,there are other areas too.These include Chinese literature,cuisine,clothes and of course,Chinese movies.

China’s Prosperity Dream Comes into Focus

The Chinese Dream in Full Swing Speech Extracts from the International Dialogue on the Chinese Dream ForumCHINA was the center of human civilization for hundreds of years.During its long history,it became used to implementing defensive strategies externally while developing the country internally.

Digital Infrastructure and Common Prosperity: An Influence Mechanism and Effect Test

Common prosperity is an important goal of China’s modernization efforts,and narrowing the income gap among different regions and populations is crucial to achieving common prosperity.The construction of digital infrastructure has significantly boosted productivity and facilitated the diffusion of technology in less developed regions,leading to notable changes in labor employment and the income gap,which aligns with the goal of common prosperity.This paper explores the mechanism through which digital infrastructure influences common prosperity with a focus on employment,using panel data from 30 provinces in China between 2011 and 2021 for an empirical test.The research finds that digital infrastructure significantly promotes common prosperity.By expanding employment and increasing labor remuneration,the influence of digital infrastructure on common prosperity exhibits regional heterogeneity and a nonlinear threshold effect.The research suggests that the government should enhance investment in and construction of digital infrastructure,reduce the digital divide through policy support in rural areas,promote digital employment and skills training,and encourage industrial integration and enterprise participation.

Poverty Reduction in China: Experiences and Measurement of Effects

This study employs the generalized method of moments(GMM)and panel vector autoregression(PVAR)models for a multi-factor quantitative dissection of China’s poverty reduction process across multiple stages,using provincial panel data from 2000 to 2019.According to our research,economic growth and social development are the key drivers of poverty reduction in China,but the trickle-down effect of economic growth is diminishing and marketization is having a lesser pro-poor effect.Public expenditure has failed to provide social protection and income redistribution benefits due to issues such as targeting error and elite capture.Increasing the efficiency of the poverty reduction system calls for adaptive adjustments.Finally,this study highlights China’s poverty reduction experiences and analyzes current challenges,which serve as inspiration for consolidating poverty-reduction achievements,combating relative poverty,and attaining countryside vitalization.

Accelerating the Digitalization Process in Rural China and Promoting Common Prosperity

Under the historical background of promoting agricultural and rural modernization in an all-round way,this paper deeply analyzes the practical significance of digital construction in rural China,and explores the problems in the digitalization level of rural infrastructure,farmers digitalization awareness and accomplishment,and agricultural digital system.Countermeasures and suggestions are put forward from four aspects:digital village construction policy system,rural digital infrastructure construction,rural digital talent cultivation system,and agricultural digital system,and the rural digital construction of Huzhou City is taken as an example,in order to further realize the goal of empowering rural farmers with digital technology for common prosperity.

Free Trade and Fair Trade,When Will They Come About?

The removal of the quota system in 2005 did not bring about a more favorable trade environment, while trade protectionism hasn’t died away but lives in other forms. Free trade and fair trade, when can we witness their advent?

A study on the influencing factors of rural tourism promoting households'shared prosperity in Yinan County of Shandong Province

This study examines the influencing factors of rural tourism in promoting shared prosperity among households,using the case study of Yinan County in Shandong province,China.The research aims to provide insights into the economic benefits experienced by low-income households in the context of rural tourism development.Based on field research conducted from April 8,2023,to May 17,2023,including interviews and site visits,the study constructs an evaluation index system to assess the influencing factors.Through expert scoring and the application of a weighted set-valued mathematical statistical model,the importance and quantification of each factor are determined.The results indicate that the current stage of promoting shared prosperity through rural tourism in Yinan County is primarily influenced by the scale of tourist consumption of external visitors.This factor outweighs others such as the participation capacity and willingness of low-income households,the capacity of investment enterprises,and the policies and financial allocation of the local government.The findings emphasize the significance of external visitor spending and highlight the need to address the obstacles faced by low-income households in accessing economic benefits.The evaluation index system and measurement model presented in this study offer a scientific basis for assessing and improving the income situation of low-income households in rural tourism development initiatives.However,it is crucial to note that the importance of these influencing factors may evolve with the lifecycle of the tourism destination.Future research should include long-term tracking and consider a broader range of indicators to deepen our understanding of their mechanisms and significance.Furthermore,alternative approaches and theories may provide valuable perspectives for further exploration in this field.

AI Empowerment In China-ASEAN Relations As AI advances, it could play a pivotal role in addressing biases and enhancing the strategic partnership to better serve regional stability and drive global progress

The ASEAN Vision 2020,adopted in 1997,aims to create a stable,prosperous,and highly competitive ASEAN Economic Community(AEC).ASEAN is a significant trading partner for China,with annual trade volumes exceeding US$600 billion in recent years.China is ASEAN's largest trading partner,and ASEAN is integral to China's Belt and Road Initiative (BRI).China has invested heavily in ASEAN,particularly in infrastructure,manufacturing,and the digital economy,facilitated by agreements like the ASEAN-China Free Trade Agreement (ACFTA).Both regions are emphasizing digital economic cooperation through initiatives like the ASEAN-China Digital Economy Cooperation Framework.

Recentand Forthcoming Events

Asia 2024'Happy Chinese New Year at University of Malaya On January 17,China Cultural Center in Kuala Lumpur launched the"Happy Chinese NewYear"series of activities at the University of Malaya to celebrate the upcoming Year of the Dragon in the Chinese Lunar Calendar。

Coming into Land

Experts say economic restructuring is essential to avoid a possible hard landing IN economic terms,the "lost decade" refers to Japan’s economic stagnation throughout the 1990s after its strong growth in the 1980s. Against the backdrop of a shaky global recovery, concerns have recently grown over a possible hard landing for the Chinese economy,caused by monetary tightening

China's Mainland and Taiwan Come to an Agreement

Taiwan and China's Mainland are set to remove or lower tariffs on a range of items,including textile products,as part of a wide-ranging trade agreement agreed on June 14th.Taiwan’s Ministry of Economic

Come into bloom——等待《青春舞台》Vivid绽放

《青春舞台》是央视近期大力打造的青春偶像剧，请来当红偶像韩庚等人出演，实力制作团名导坐镇，更有奥运冠军客串，难免让人期待它的好收视，尤其再搭上春节的黄金档期，众多卫视和地方电视台．甚至外国电视台也都纷纷合作，可谓天时地利人和，相信《青春舞台》一定能开出绚烂的花朵。

Recent and Forthcoming Events

The‘Spring Cup’Table Tennisand Badminton International Championship Held by China Cultural Centerin Benin。On March 16,China Cultural Center in Benin,together with the Benin Badminton and Table Tennis Association,held the 2024"Spring Cup"Table Tennis and Badminton International Championship at the Palace of Arts,Entertainment and Sports in Cotonou.More than 100 athletes from China,Benin,Togo,India and other countries gathered to show their talents.