In 1978,China began to open its door to the outside world.After three decades of step-by-step reform,the country has developed into the world's fourth largest economy with a growth rate continuing in the double di...In 1978,China began to open its door to the outside world.After three decades of step-by-step reform,the country has developed into the world's fourth largest economy with a growth rate continuing in the double digits.What has been the nature of China's reform? What achievements have been made? In this article,the author takes an in-depth look at these questions,delivering an analysis of China's 30-year transformation.展开更多
THE Belt and Road Initiative （BRI） upholds the concepts of peace, win-win cooperation, and de-velopment, and is guided by an openness to ac-tively promote economic globalization and trade liberalization to facilitat...THE Belt and Road Initiative （BRI） upholds the concepts of peace, win-win cooperation, and de-velopment, and is guided by an openness to ac-tively promote economic globalization and trade liberalization to facilitate common development with countries along the routes.展开更多
In honor of the 10th anniversary of the 2009 establishment of the comprehensive strategic partnership between China and Cambodia,the two countries officially signed an action plan for building a China-Cambodia communi...In honor of the 10th anniversary of the 2009 establishment of the comprehensive strategic partnership between China and Cambodia,the two countries officially signed an action plan for building a China-Cambodia community with a shared future,which elevated the partnership to historic new heights.Against this backdrop,increasingly close economic and trade cooperation between the two countries has provided impetus for the development of bilateral relations.展开更多
China has experienced the unique"twin-surplus"phenomenon since the 1990s.Under the existing policy environment,"twin surpluses"have been intertwined with RMB exchange rate volatility and excess flu...China has experienced the unique"twin-surplus"phenomenon since the 1990s.Under the existing policy environment,"twin surpluses"have been intertwined with RMB exchange rate volatility and excess fluidity to arouse broader attention and discussion from home and abroad.The academia is currently disposed to depict China’s"twin surpluses"as a"genetic freak"resulting from policy distortion.Many people have therefore lashed out at China’s foreign trade and FD1 policies.However,such criticisms are both theoretically indefensible and out of line with reality.China’s twin-surplus issue is not simply due to"excess of export over import"and FDI size,but has more complicated structural contradictions and problems hidden underneath. Such problems stem from China’s unique path of economic growth and merger into economic globalization,and cannot be fundamentally solved through such economic leverages as exchange rate.展开更多
THE recent weakening of the RMB,or yuan,against the U.S.dollar,resulting in the Black Monday and Tuesday of China’s stock market has given certain countries the pretext to depreciate their currencies,and is blamed fo...THE recent weakening of the RMB,or yuan,against the U.S.dollar,resulting in the Black Monday and Tuesday of China’s stock market has given certain countries the pretext to depreciate their currencies,and is blamed for sending shockwaves through the world’s primary commodity market.Amid voices that accuse China of waging a currency war。展开更多
DURING its momentous economic expansion, China quickly became one of the largest manufacturing countries in the world and was often referred to as the world’s factory. It attracted a huge amount of foreign investment...DURING its momentous economic expansion, China quickly became one of the largest manufacturing countries in the world and was often referred to as the world’s factory. It attracted a huge amount of foreign investment and the "Made in China" tag became ubiquitous. In recent years China’s position in the world economy has changed further, and the展开更多
Since a raft of memoranda of cooperation was signed between China and certain nations to jointly build the Belt and Road, it has become a reasonable belief that the initiative will bring about new means of mutually-be...Since a raft of memoranda of cooperation was signed between China and certain nations to jointly build the Belt and Road, it has become a reasonable belief that the initiative will bring about new means of mutually-benef icial cooperation for the world economy.展开更多
A mong the eight major steps China announced at the Third Belt and Road Forum for International Cooperation to support high-quality Belt and Road cooperation,the cancelation of all restrictions on foreign investment a...A mong the eight major steps China announced at the Third Belt and Road Forum for International Cooperation to support high-quality Belt and Road cooperation,the cancelation of all restrictions on foreign investment access in the manufacturing sector is the most striking measure,or at least one of the most eye-catching.展开更多
CHINESE President Xi Jinping met with German Chancellor Angela Merkel,French President Emmanuel Macron,President of the European Council Charles Michel,and President of the European Commission Ursula von der Leyen via...CHINESE President Xi Jinping met with German Chancellor Angela Merkel,French President Emmanuel Macron,President of the European Council Charles Michel,and President of the European Commission Ursula von der Leyen via video link on December 30,2020.During the meeting,Xi and the European leaders announced that the two sideshad completed investment agreement negotiations as scheduled.展开更多
THE world economic pattern is gradually changing in the wake of the international financial crisis.Under the context of economic globalization,the international division of labor is still in progress,but encounters ev...THE world economic pattern is gradually changing in the wake of the international financial crisis.Under the context of economic globalization,the international division of labor is still in progress,but encounters ever more challenges.In addition to the hurdles confronting the multilateral trading system,further adjustments are also required to the global financial architecture.Regional financial cooperation,in common with regional trade cooperation,needs more favorable conditions to develop.The展开更多
CONSTRUCTION of Pilot Free Trade Zones(PFTZs)is a strategic measure of China’s reform and opening-up policy.Since the 18th National Congress of the Communist Party of China(CPC),it has taken the policy’s effectivene...CONSTRUCTION of Pilot Free Trade Zones(PFTZs)is a strategic measure of China’s reform and opening-up policy.Since the 18th National Congress of the Communist Party of China(CPC),it has taken the policy’s effectiveness to new heights.展开更多
THE Chinese economy has been growing exponentially as the country opens up its market to the outside world. During this process, a mutually beneficial relationship has developed between business and consumer, at home ...THE Chinese economy has been growing exponentially as the country opens up its market to the outside world. During this process, a mutually beneficial relationship has developed between business and consumer, at home and abroad. At the same time, an institutional environment conducive to globalization has been established. Amid uncertainties created by trade protectionism, China continues to commit to opening up with stable, transparent, and predictable actions.展开更多
China’s foreign trade from January to Aprit of 2014According to Customs figures,China’s total import and export in January-April reached 8.1 trillion yuan,down 3.1%year on year(the same below).Export was 4.16 trilli...China’s foreign trade from January to Aprit of 2014According to Customs figures,China’s total import and export in January-April reached 8.1 trillion yuan,down 3.1%year on year(the same below).Export was 4.16 trillion yuan,a decrease of 4.8%,and import 3.94 trillion yuan,down 1.2%.Trade surplus was 215.4 billion yuan,a sharp decrease of 42.9%.展开更多
SINCE 2018,the need of World Trade Organization(WTO)reform has become more urgent,because the appointment of members of its Appellate Body faces a dilemma.Both developed and developing economies have proposed reforms ...SINCE 2018,the need of World Trade Organization(WTO)reform has become more urgent,because the appointment of members of its Appellate Body faces a dilemma.Both developed and developing economies have proposed reforms and hope to accelerate the reform of the WTO.For instance,the EU issued the WTO modernization proposal,and China presented three basic principles and five suggestions for WTO reform.However,due to the large differences in reform programs,goals,and paths between the parties,WTO reform has a long way to go.展开更多
In 2017,just as de-globalization was gaining ground and dark clouds were hanging over the world economy,President Xi Jinping delivered his historic speech at the Davos Forum,in which he declared China’s firm stance o...In 2017,just as de-globalization was gaining ground and dark clouds were hanging over the world economy,President Xi Jinping delivered his historic speech at the Davos Forum,in which he declared China’s firm stance on defending economic globalization and pointed out the right direction for economic globalization’s future development from the vantage point of humanity’s long history.His words provided a much-needed boost of confidence and positivity to the world.展开更多
AS the world’s largest trader of goods and largest developing economy,China is poised to actively participate in and advance reform of the World Trade Organization(WTO)to enable the organization to better meet the ne...AS the world’s largest trader of goods and largest developing economy,China is poised to actively participate in and advance reform of the World Trade Organization(WTO)to enable the organization to better meet the needs of global economic and trade development,thus driving global economic growth.展开更多
IN the 21st century, the interaction of global economic entities has significantly strengthened. Extensive participation in international trade and investment activities has further enhanced interdependence among coun...IN the 21st century, the interaction of global economic entities has significantly strengthened. Extensive participation in international trade and investment activities has further enhanced interdependence among countries. The spillover effect of major economies has become evident, both positively and negatively. The global economic maelstrom in 2008, which was triggered by the subprime mortgage crisis in the U.S., rapidly engulfed the whole world, presenting a significant manifestation of this close link.展开更多
IN March this year,the U.S.claimed that steel imports have threatened its national security,necessitating the need to place tariffs on imports of iron and steel from its major trade partners.Ignoring WTO dispute-settl...IN March this year,the U.S.claimed that steel imports have threatened its national security,necessitating the need to place tariffs on imports of iron and steel from its major trade partners.Ignoring WTO dispute-settlement procedures,the U.S.unilateral action has severely challenged the rulebased trading system that global trade has relied on.As two of the biggest trad-展开更多
CHINESE President Xi Jinping,also general secretary of the Central Committee of the Communist Party of China(CPC),delivered a speech at a gathering on April 13,2018celebrating the 30th anniversary of the founding of H...CHINESE President Xi Jinping,also general secretary of the Central Committee of the Communist Party of China(CPC),delivered a speech at a gathering on April 13,2018celebrating the 30th anniversary of the founding of Hainan Province and Hainan Special Economic Zone in South China’s Hainan Province.He announced that the CPC Central Committee decided to sup-展开更多
文摘In 1978,China began to open its door to the outside world.After three decades of step-by-step reform,the country has developed into the world's fourth largest economy with a growth rate continuing in the double digits.What has been the nature of China's reform? What achievements have been made? In this article,the author takes an in-depth look at these questions,delivering an analysis of China's 30-year transformation.
文摘THE Belt and Road Initiative （BRI） upholds the concepts of peace, win-win cooperation, and de-velopment, and is guided by an openness to ac-tively promote economic globalization and trade liberalization to facilitate common development with countries along the routes.
文摘In honor of the 10th anniversary of the 2009 establishment of the comprehensive strategic partnership between China and Cambodia,the two countries officially signed an action plan for building a China-Cambodia community with a shared future,which elevated the partnership to historic new heights.Against this backdrop,increasingly close economic and trade cooperation between the two countries has provided impetus for the development of bilateral relations.
文摘China has experienced the unique"twin-surplus"phenomenon since the 1990s.Under the existing policy environment,"twin surpluses"have been intertwined with RMB exchange rate volatility and excess fluidity to arouse broader attention and discussion from home and abroad.The academia is currently disposed to depict China’s"twin surpluses"as a"genetic freak"resulting from policy distortion.Many people have therefore lashed out at China’s foreign trade and FD1 policies.However,such criticisms are both theoretically indefensible and out of line with reality.China’s twin-surplus issue is not simply due to"excess of export over import"and FDI size,but has more complicated structural contradictions and problems hidden underneath. Such problems stem from China’s unique path of economic growth and merger into economic globalization,and cannot be fundamentally solved through such economic leverages as exchange rate.
文摘THE recent weakening of the RMB,or yuan,against the U.S.dollar,resulting in the Black Monday and Tuesday of China’s stock market has given certain countries the pretext to depreciate their currencies,and is blamed for sending shockwaves through the world’s primary commodity market.Amid voices that accuse China of waging a currency war。
文摘DURING its momentous economic expansion, China quickly became one of the largest manufacturing countries in the world and was often referred to as the world’s factory. It attracted a huge amount of foreign investment and the "Made in China" tag became ubiquitous. In recent years China’s position in the world economy has changed further, and the
文摘Since a raft of memoranda of cooperation was signed between China and certain nations to jointly build the Belt and Road, it has become a reasonable belief that the initiative will bring about new means of mutually-benef icial cooperation for the world economy.
文摘A mong the eight major steps China announced at the Third Belt and Road Forum for International Cooperation to support high-quality Belt and Road cooperation,the cancelation of all restrictions on foreign investment access in the manufacturing sector is the most striking measure,or at least one of the most eye-catching.
文摘CHINESE President Xi Jinping met with German Chancellor Angela Merkel,French President Emmanuel Macron,President of the European Council Charles Michel,and President of the European Commission Ursula von der Leyen via video link on December 30,2020.During the meeting,Xi and the European leaders announced that the two sideshad completed investment agreement negotiations as scheduled.
文摘THE world economic pattern is gradually changing in the wake of the international financial crisis.Under the context of economic globalization,the international division of labor is still in progress,but encounters ever more challenges.In addition to the hurdles confronting the multilateral trading system,further adjustments are also required to the global financial architecture.Regional financial cooperation,in common with regional trade cooperation,needs more favorable conditions to develop.The
文摘CONSTRUCTION of Pilot Free Trade Zones(PFTZs)is a strategic measure of China’s reform and opening-up policy.Since the 18th National Congress of the Communist Party of China(CPC),it has taken the policy’s effectiveness to new heights.
文摘THE Chinese economy has been growing exponentially as the country opens up its market to the outside world. During this process, a mutually beneficial relationship has developed between business and consumer, at home and abroad. At the same time, an institutional environment conducive to globalization has been established. Amid uncertainties created by trade protectionism, China continues to commit to opening up with stable, transparent, and predictable actions.
文摘China’s foreign trade from January to Aprit of 2014According to Customs figures,China’s total import and export in January-April reached 8.1 trillion yuan,down 3.1%year on year(the same below).Export was 4.16 trillion yuan,a decrease of 4.8%,and import 3.94 trillion yuan,down 1.2%.Trade surplus was 215.4 billion yuan,a sharp decrease of 42.9%.
文摘SINCE 2018,the need of World Trade Organization(WTO)reform has become more urgent,because the appointment of members of its Appellate Body faces a dilemma.Both developed and developing economies have proposed reforms and hope to accelerate the reform of the WTO.For instance,the EU issued the WTO modernization proposal,and China presented three basic principles and five suggestions for WTO reform.However,due to the large differences in reform programs,goals,and paths between the parties,WTO reform has a long way to go.
文摘In 2017,just as de-globalization was gaining ground and dark clouds were hanging over the world economy,President Xi Jinping delivered his historic speech at the Davos Forum,in which he declared China’s firm stance on defending economic globalization and pointed out the right direction for economic globalization’s future development from the vantage point of humanity’s long history.His words provided a much-needed boost of confidence and positivity to the world.
文摘AS the world’s largest trader of goods and largest developing economy,China is poised to actively participate in and advance reform of the World Trade Organization(WTO)to enable the organization to better meet the needs of global economic and trade development,thus driving global economic growth.
文摘IN the 21st century, the interaction of global economic entities has significantly strengthened. Extensive participation in international trade and investment activities has further enhanced interdependence among countries. The spillover effect of major economies has become evident, both positively and negatively. The global economic maelstrom in 2008, which was triggered by the subprime mortgage crisis in the U.S., rapidly engulfed the whole world, presenting a significant manifestation of this close link.
文摘IN March this year,the U.S.claimed that steel imports have threatened its national security,necessitating the need to place tariffs on imports of iron and steel from its major trade partners.Ignoring WTO dispute-settlement procedures,the U.S.unilateral action has severely challenged the rulebased trading system that global trade has relied on.As two of the biggest trad-
文摘CHINESE President Xi Jinping,also general secretary of the Central Committee of the Communist Party of China(CPC),delivered a speech at a gathering on April 13,2018celebrating the 30th anniversary of the founding of Hainan Province and Hainan Special Economic Zone in South China’s Hainan Province.He announced that the CPC Central Committee decided to sup-
