Decline seems to be inevitable for us mortal beings and nearly everything that we are a part of. Empire and global hegemony, as we now know, are no exceptions.
It is hardly surprising when global media outlets react negatively to announcements of Chinese spending figures on issues of regional and international importance. China’s uptick in its defense budget for 2018 was no exception.
The world’s most important economic relationship is in serious trouble. Long drawn together by the mutual benefits of codependency—an export-led China relying on U.S. demand and a saving-short United States in need of low-cost Chinese imports and surplus foreign capital—the air is now thick with tension.
Slow and Steady Does it for the Chinese Economy in 2018: Be Alert that Elephant Trump is in the Room
This year, Chinese economic growth is expected to slow slightly as the government continues to lay the necessary groundwork for a new economy, emblematic of a China Dream, where qualitative growth and sustainability are free to flourish.
Wuzhen is an ancient water town commonly known to locals as the ‘Venice of the East’, but don’t let the traditional hutongs, back alleys and pagodas fool you – Wuzhen is not living in the past. Far from it, it is a living, breathing case study of the preparation and adaptability that is required to keep up with the constant, breakneck pace of change now synonymous with a rising China.
19th national congress of CPC has put forth the concept of innovative, coordinated, green, open and shared development and promoted supply-side structural reform. Under such guidelines, China’s economy has constantly made achievements, not only benefiting the Chinese people, but also the global economy.