China's economy can be characterized as having two correlated imbalances, i.e. imbalances in its domestic and international economic structures. It would be very difficult to identify a causal relationship between th...China's economy can be characterized as having two correlated imbalances, i.e. imbalances in its domestic and international economic structures. It would be very difficult to identify a causal relationship between the two imbalances. In any case, this is an outcome of the past few decades. The same situation can also befound in other countries. Where are China's economy and its reform heading towards? At the macro-level, the econmnic policies guiding China's economy and its performance are closely related to the two imbalances. One thing is for certain: world economic equilibrium will help balance various economies including China. But the world economy cannot automatically balance itself. Various economies must restore their balance before equilibrium can be achieved at the global level. For individual countries, balancing their domestic economy is what they can concentrate on. In other words, China needs to rely on its own efforts to achieve internal economic balance through reform. Internal econontic balance will promote sustainable development and contribute to the world economic balance. The questhm is where will such internal balance come from? How can China achieve an internal rebalance?展开更多
The Belt and Road Initiative is proposed as an international strategy in China. In the eyes of the Chinese people, the Belt and Road Initiative is an international strategy rather than a regional strategy, the goals o...The Belt and Road Initiative is proposed as an international strategy in China. In the eyes of the Chinese people, the Belt and Road Initiative is an international strategy rather than a regional strategy, the goals of which are to coordinate an all-around opening of China to the world and promote further integration of the country into the global economy. So the strategy is talked in almost every field in China. However, Outside of China, the discussion about the Belt and Road initiative does not always provide encouragement and support and typically there are more disputes than agreements. Implementation of Belt and Road is going to reconstruct regional interests and balance powers throughout the world. There are many difficulties in achieving the goal, so China has to realize the true situation in neighboring countries and provide more chances for Non-Governmental Organizations as well as illustrating to the world how China will do in the future.展开更多
文摘China's economy can be characterized as having two correlated imbalances, i.e. imbalances in its domestic and international economic structures. It would be very difficult to identify a causal relationship between the two imbalances. In any case, this is an outcome of the past few decades. The same situation can also befound in other countries. Where are China's economy and its reform heading towards? At the macro-level, the econmnic policies guiding China's economy and its performance are closely related to the two imbalances. One thing is for certain: world economic equilibrium will help balance various economies including China. But the world economy cannot automatically balance itself. Various economies must restore their balance before equilibrium can be achieved at the global level. For individual countries, balancing their domestic economy is what they can concentrate on. In other words, China needs to rely on its own efforts to achieve internal economic balance through reform. Internal econontic balance will promote sustainable development and contribute to the world economic balance. The questhm is where will such internal balance come from? How can China achieve an internal rebalance?
文摘The Belt and Road Initiative is proposed as an international strategy in China. In the eyes of the Chinese people, the Belt and Road Initiative is an international strategy rather than a regional strategy, the goals of which are to coordinate an all-around opening of China to the world and promote further integration of the country into the global economy. So the strategy is talked in almost every field in China. However, Outside of China, the discussion about the Belt and Road initiative does not always provide encouragement and support and typically there are more disputes than agreements. Implementation of Belt and Road is going to reconstruct regional interests and balance powers throughout the world. There are many difficulties in achieving the goal, so China has to realize the true situation in neighboring countries and provide more chances for Non-Governmental Organizations as well as illustrating to the world how China will do in the future.