Jan 25, 2019

How Can China’s Economy Maintain Steady Growth at a Challenging Time?

China will continue to innovate and improve its macro-control policies to offset external uncertainties and strive to keep economic growth within a reasonable range, Premier Li Keqiang said when presiding over a meeting on Jan 15, attended by scholars and entrepreneurs on a draft version of the government work report. In recent years, there have been increasing voices claiming that China’s economic growth has already peaked after several years of rapid growth. There are also many factors pointing towards a range of risks set to appear in the near future. In addition, several new problems have emerged in the development of China’s economy both before and after the US-China trade war began. Confronted with the pressure of an economic downturn, what form will China’s future economic development take? And what is the driving force behind China’s sustained economic development? The Development of China’s Economy in 2018 On the one hand, China’s economy improved in terms of stability in 2018: profits across various industries and companies maintained a rather high rate of growth, while some industries with high profit growth drove the recovery of manufacturing investments. At the same time, signs of overheating in the real estate market have been alleviated. On the other hand, China’s economy has been affected by factors including household debt accumulation, widening income gaps and the […]

Steady Progress of China’s Blue Ocean Naval Dream

On November 26, Xinhua News Agency published an official report on the development of China’s third aircraft carrier. Aircraft carriers are one of the most powerful weapons in today’s modern navy. They are not only a take-off and landing platform for aircraft, but also a fleet data collection and command and control center. For any country, the aircraft carrier is a symbol of its comprehensive national strength. China’s first aircraft carrier Liaoning has been officially commissioned and sea trials of the second carrier have been successfully launched. Now the third aircraft carrier has come into the spotlight, drawing the world’s attention. An aircraft carrier is the dream of soldiers across generations On November 11, 1940, the carrier-based air force of the British Navy’s Mediterranean Fleet attacked the Italian naval base Taranto. Since this major victory, mankind has witnessed Pacific War, Attack on Pearl Harbor, Battle of Midway, Falkland Islands War (Malvinas War), Gulf War, Iraq War, Libya War, Afghanistan War and Syria War, where aircraft carriers have played a significant role. During the 1996 general elections in Taiwan, the US aircraft carrier strike groups swaggered through the Taiwan Strait in support of those who advocated independence of Taiwan. The Chinese navy, at that time, was unable to resist US intervention and defend its national sovereignty due to lack of long-range […]