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
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
THIS year,the International Energy Agency(IEA)published its Global EV Outlook report under the title“Moving Towards Increased Affordability.”It noted,“A rapid transition to EVs(electric vehicles)will require bringi...THIS year,the International Energy Agency(IEA)published its Global EV Outlook report under the title“Moving Towards Increased Affordability.”It noted,“A rapid transition to EVs(electric vehicles)will require bringing to the market more affordable models.”Last year,the global sales of EVs approached 14 million,an increase of 35 percent from 2022,accounting for 20 percent of sales of all automobiles.The top three markets were China(60 percent),Europe(less than 25 percent),and the U.S.(10 percent).展开更多
The United States once saw a "confusing" direction of the foreign aid development under the Trump administration.It was widely speculated that the US Agency for International Development (USAID),the Millenni...The United States once saw a "confusing" direction of the foreign aid development under the Trump administration.It was widely speculated that the US Agency for International Development (USAID),the Millennium Challenge Corporation (MCC)and the Peace Corps were all faced multiple pressure for reform,such as budget cuts, institutional restructuring,and staff adjustment.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
SINCE the Belt and Road Initiative (BRI) was first proposed nearly six years ago, it has been well received globally. So far, 126 countries and 29 international organizations have signed agreements with China for join...SINCE the Belt and Road Initiative (BRI) was first proposed nearly six years ago, it has been well received globally. So far, 126 countries and 29 international organizations have signed agreements with China for joint construction. Meanwhile, the critics against the BRI among certain media outlets, think tanks, and nongovernmental organizations in some countries have also increased, voicing pessimism and misgivings about it. With debt trap and geopolitical strategy accusations, they exploit sensitive issues among the public in BRI countries concerning sovereignty, energy, and resources to smear the program.展开更多
THE cry of "wolf" was loud in China in the first years after its accession to the WTO. Skeptics were dubious about the competitiveness of domestic financial institutions, suggesting that they would lose busi...THE cry of "wolf" was loud in China in the first years after its accession to the WTO. Skeptics were dubious about the competitiveness of domestic financial institutions, suggesting that they would lose business to foreign banks and insurers en mass. Another worry felt widely was about whether China’s supervisory bodies would be展开更多
SINCE its emergence in Guangdong Province in 1978, the processing trade in China has developed rapidly. The processing trade refers to the process by which raw and auxiliary materials, parts and components, accessorie...SINCE its emergence in Guangdong Province in 1978, the processing trade in China has developed rapidly. The processing trade refers to the process by which raw and auxiliary materials, parts and components, accessories and packaging materials are imported from abroad and used to produce a finished product which are then re-exported. In 1996, the processing trade became the principal form of展开更多
Over the past two years,the Guangxi Pilot FTZ has accelerated the construction of infrastructural facilities and taken active steps to align its progress with national strategies for development.GUANGXI Zhuang Autonom...Over the past two years,the Guangxi Pilot FTZ has accelerated the construction of infrastructural facilities and taken active steps to align its progress with national strategies for development.GUANGXI Zhuang Autonomous Region in south China boasts beautiful natural scenery and rich resources.With a solid industrial foundation,the region houses many world leading enterprises.However,for many years,Guangxi had lagged behind other provincial-level regions of China in development.Though it borders Vietnam,the autonomous region failed to develop a strong export-oriented economy.Its link with the domestic market was also weak.The lack of systematic policies and high-level platforms for opening-up hindered Guangxi’s development.In 2019,the China(Guangxi)Pilot Free Trade Zone(FTZ)was officially inaugurated.展开更多
Respecting the WTO decision sends a positive signal for maintaining the authority,efficiency,and rationality of the multilateral economic and trading system.
The latest reading of the WTO’s Goods Trade Barometer,a real-time gauge of trends in global trade,showed that global merchandise trade took a historic fall in the second quarter of 2020.Additional indicators point to...The latest reading of the WTO’s Goods Trade Barometer,a real-time gauge of trends in global trade,showed that global merchandise trade took a historic fall in the second quarter of 2020.Additional indicators point to partial upticks in world trade and output in the third quarter,but the strength of any recovery remains highly uncertain.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
At the Seventh BRICS Summit in Ufa, Russia on July 9, 2015, leaders of the BRICS （Brazil, Russia, India, China and South Africa） grouping exchanged views on the global situation and agreed to deepen pragmatic cooper...At the Seventh BRICS Summit in Ufa, Russia on July 9, 2015, leaders of the BRICS （Brazil, Russia, India, China and South Africa） grouping exchanged views on the global situation and agreed to deepen pragmatic cooperation.展开更多
The Chinese economy,which plays a key role in driving global economic growth in the era of globalization,has seen steady progress during the 13 th Five-Year Plan(2016-20)period.Despite worldwide economic slowdown and ...The Chinese economy,which plays a key role in driving global economic growth in the era of globalization,has seen steady progress during the 13 th Five-Year Plan(2016-20)period.Despite worldwide economic slowdown and volatility during the period,China’s growth has brought it to the forefront of the world’s major economies and made it a key driving force of the global economy.After bringing the novel coronavirus disease epidemic under control domestically,China has resumed economic and social activities.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
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
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
As a new bridgehead for global economic development,digital economy is quietly changing the international economic structure,and China is leading the field.ACCORDING to the Complete List of Unicorn Companies released ...As a new bridgehead for global economic development,digital economy is quietly changing the international economic structure,and China is leading the field.ACCORDING to the Complete List of Unicorn Companies released by CB Insights,by the end of March 2022,a total of 1,066 companies worldwide were valued at over US$1 billion.It covers fintech (20.8 percent),Internet software and services (18.9 percent),e-commerce(10.4 percent),and AI (7.8 percent).Among these unicorns,Chinese companies,which are mostly digital economy enterprises,ranked second,accounting for 16.3 percent of the total number.展开更多
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THIS year,the International Energy Agency(IEA)published its Global EV Outlook report under the title“Moving Towards Increased Affordability.”It noted,“A rapid transition to EVs(electric vehicles)will require bringing to the market more affordable models.”Last year,the global sales of EVs approached 14 million,an increase of 35 percent from 2022,accounting for 20 percent of sales of all automobiles.The top three markets were China(60 percent),Europe(less than 25 percent),and the U.S.(10 percent).
文摘The United States once saw a "confusing" direction of the foreign aid development under the Trump administration.It was widely speculated that the US Agency for International Development (USAID),the Millennium Challenge Corporation (MCC)and the Peace Corps were all faced multiple pressure for reform,such as budget cuts, institutional restructuring,and staff adjustment.
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SINCE the Belt and Road Initiative (BRI) was first proposed nearly six years ago, it has been well received globally. So far, 126 countries and 29 international organizations have signed agreements with China for joint construction. Meanwhile, the critics against the BRI among certain media outlets, think tanks, and nongovernmental organizations in some countries have also increased, voicing pessimism and misgivings about it. With debt trap and geopolitical strategy accusations, they exploit sensitive issues among the public in BRI countries concerning sovereignty, energy, and resources to smear the program.
文摘THE cry of "wolf" was loud in China in the first years after its accession to the WTO. Skeptics were dubious about the competitiveness of domestic financial institutions, suggesting that they would lose business to foreign banks and insurers en mass. Another worry felt widely was about whether China’s supervisory bodies would be
文摘SINCE its emergence in Guangdong Province in 1978, the processing trade in China has developed rapidly. The processing trade refers to the process by which raw and auxiliary materials, parts and components, accessories and packaging materials are imported from abroad and used to produce a finished product which are then re-exported. In 1996, the processing trade became the principal form of
文摘Over the past two years,the Guangxi Pilot FTZ has accelerated the construction of infrastructural facilities and taken active steps to align its progress with national strategies for development.GUANGXI Zhuang Autonomous Region in south China boasts beautiful natural scenery and rich resources.With a solid industrial foundation,the region houses many world leading enterprises.However,for many years,Guangxi had lagged behind other provincial-level regions of China in development.Though it borders Vietnam,the autonomous region failed to develop a strong export-oriented economy.Its link with the domestic market was also weak.The lack of systematic policies and high-level platforms for opening-up hindered Guangxi’s development.In 2019,the China(Guangxi)Pilot Free Trade Zone(FTZ)was officially inaugurated.
文摘Respecting the WTO decision sends a positive signal for maintaining the authority,efficiency,and rationality of the multilateral economic and trading system.
文摘The latest reading of the WTO’s Goods Trade Barometer,a real-time gauge of trends in global trade,showed that global merchandise trade took a historic fall in the second quarter of 2020.Additional indicators point to partial upticks in world trade and output in the third quarter,but the strength of any recovery remains highly uncertain.
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At the Seventh BRICS Summit in Ufa, Russia on July 9, 2015, leaders of the BRICS （Brazil, Russia, India, China and South Africa） grouping exchanged views on the global situation and agreed to deepen pragmatic cooperation.
文摘The Chinese economy,which plays a key role in driving global economic growth in the era of globalization,has seen steady progress during the 13 th Five-Year Plan(2016-20)period.Despite worldwide economic slowdown and volatility during the period,China’s growth has brought it to the forefront of the world’s major economies and made it a key driving force of the global economy.After bringing the novel coronavirus disease epidemic under control domestically,China has resumed economic and social activities.
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-
文摘As a new bridgehead for global economic development,digital economy is quietly changing the international economic structure,and China is leading the field.ACCORDING to the Complete List of Unicorn Companies released by CB Insights,by the end of March 2022,a total of 1,066 companies worldwide were valued at over US$1 billion.It covers fintech (20.8 percent),Internet software and services (18.9 percent),e-commerce(10.4 percent),and AI (7.8 percent).Among these unicorns,Chinese companies,which are mostly digital economy enterprises,ranked second,accounting for 16.3 percent of the total number.
