Chinese Miracle of Economic Development
Currently, both China and the world are navigating profound and complex changes.
CHINA PICTORIAL
Participants of Summer Davos Talk about Premier Li’s Speech
“China wants to become a center of innovation and protect intellectual property. This will encourage foreign companies and foreign governments to consider China a good place to invest.”
Six Fundamental Features of 5G
The three typical scenarios of 5G will remove limitations on speed of previous generations of mobile communications and enable users to enjoy faster internet access while using less energy and experiencing lower latency.
Taking China-Russia Comprehensive Strategic Partnership of Coordination to the Next Level
The best choice for them is to develop a new type of international relations featuring non-alliance, non-confrontation and not targeting any third party. And their bilateral relations, on the basis of the Five Principles of Peaceful Co-existence, should be characterized by equality, win-win cooperation, and good neighborliness.
Modi’s Reelection and India’s New Era
Modi’s reelection not only testifies to the enhancement of Hindu radicalism, nationalism and patriotic sentiment in India, but also demonstrates that the Bharatiya Janata Party will probably maintain a dominant position in India’s political arena amidst the decline of other political parties.
Protectionism Leads Nowhere
The U.S. overbearing behaviors have raised opposition and criticism from major countries around the world.
Foreign Investment Law for Equality and Convenience
After the law is promulgated and implemented, the registration procedures for foreign businesses will be reduced and the time required will be shortened, bringing great convenience to foreign investors.
China-U.S. Relations Start a New Lap
More than coincidence, the historical inevitability evidences that China-U. S. relations have been closely associated with China’s reform and opening up since the very beginning.
China’s Development Path—Opportunities and Challenges
The remarkable economic achievement did not happen following the Western world’s favored developmental tools, but rather through China’s unique path.
China Will Complement, Not Supplant
The Belt and Road Initiative is not meant to supplant the existing international order, but rather to complement it.
Opening Up a Chinese Miracle
This year marks the 40th anniversary of China’s reform and opening up. Just as Chinese President Xi Jinping pointed out in the report delivered at the 19th National Congress of the Communist Party of China (CPC), Chinese people today are closer, more confident, and more capable than ever before of making national rejuvenation a reality. The major reasoning for President Xi’s statement is China’s achievements over the past 40 years. In 1978, China’s per capita GDP stood at only US$155, and more than 80 percent of its population lived in rural areas. At that time, China’s imports and exports accounted for only 9.7 percent of the country’s total GDP. Essentially, 90 percent of the country’s GDP was not related to the international economy. However, over the 40 years since China’s historic reform and opening up, the country’s GDP has averaged an annual growth rate of around 9.5 percent in comparable prices. In human history, never has a country with such a huge population and weak foundation been able to realize such a high-speed and long-term growth. It is more than appropriate to call China’s progress over the last 40 years a “China miracle.” In the 1980s and 1990s, almost all developing countries, socialist countries included, carried out reform and opening up. However, instead of prosperity, these reforms caused economic collapse, […]
China’s Successful Experience in Poverty Reduction
During the seven years after the program was implemented, the central government invested 124 billion yuan in poverty alleviation, and the rural poverty stricken population dropped from 80 million to 32 million.