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.
Beijing’s parade was considered as military muscle show for many international observers. The military display in parade remarkably surprised some of them. One comment in Australian Financial Review describes it as “overt militarism”. Even the Associated Press’ report on parade gave much inks on China’s might, but less concern on President Xi’ troop cut announcement. For a rising power, it is not easy to keep restraint not only in language but also in action. When we look at the Western great powers history since the 16th century, power struggles have been the norm. Military might expansion is considered as the most important objective and instrument for hegemony status. Paul Kennedy, a Yale historian, once concluded in his ‘The Rise and Fall of Great Powers’, that overstretch is the poison for powers. The Chinese old saying, “a warlike state, however big it may be, will eventually perish” has the same logic. In this sense, the troop cut is an important evidence for “the new type of major country relations” proposed by President Xi. We do not want to repeat the great historical tragedy. September’s parade is the first time for the Chinese to commemorate their contribution to the World Anti-Fascist War in the Second World War. Thus, it is not to oppose contemporary Japan, but its militarism in the Second World […]