China does not need and will not seek a release of pressure on commodity exports by guiding the RMB to unilaterally depreciate sharply. In fact, this is also unfavorable to China in its efforts to attract foreign investment and enhance its import capacity.
Oct 24, 2018
Deng Xiaoping’s “Southern Tour Speech” is well known to both domestic and foreign audiences. In fact, Deng Xiaoping also published views known as his “Northern Talks”. In September 1978, after listening to a report from the Party Committee of the Liaoning Provincial Party Committee in Shenyang, Deng delivered an important speech covering topics including emancipating the mind, seeking truth from facts and shifting the focus of work. Discussions as well as Deng’s speeches in Benxi, Daqing, Harbin, Anshan, Tianjin and other places together constituted a “Northern Talk” and laid the foundation for the Third Plenary Session of the 11th Party Central Committee. In 1978, the total industrial output value of Liaoning Province accounted for 9.7% of China’s total industrial output value in the same period, and accounted for 54% of total industrial output value in the three northeastern provinces. Liaoning’s total industrial output ranked second in all provinces and autonomous regions in China. In the following 40 years, Liaoning, Heilongjiang and Jilin experienced the decline, adjustment and recovery of the old industrial base. In the first half of 2018, Liaoning’s GDP ranked 14th out of China’s 31 provinces and autonomous regions. From September 25-28, General Secretary Xi Jinping made inspection visits to Heilongjiang, Jilin and Liaoning provinces, and hosted a seminar on promoting Northeast Revitalization in Shenyang. Xi launched six […]
Oct 23, 2018
The Asia-Europe Meeting (ASEM) was established in 1996 and it has come a long way as a forum for dialogue and cooperation between Europe and Asia.
Oct 19, 2018
The opening of the high-speed rail link between Hong Kong and the mainland has once again brought the economic benefits of this new age technology into the limelight. A long way since 1876, when the first commercial train was launched in China, this new catalyst for continued economic growth is gradually becoming the norm. The network is changing China in many ways. Like railway towns that sprouted along the tracks in 19th century Britain and America, urban growth in China too is following the rail lines. Offices, residential areas and shopping districts which were non-existent only a decade back, are mushrooming as lines continue to be built. Δ A passenger takes a selfie with G5711, the first high-speed train from Shenzhen to Hong Kong, at Shenzhen North Railway Station in Shenzhen city, south China’s Guangdong province, Sept. 23, 2018. [Photo/Xinhua] Adjacent to congested commercial cities, where house prices are comparatively high, bullet trains have created new satellite towns. All the amenities of large metropolises are available to these towns through their fast transport links. Local governments find it especially helpful to efficiently manage large, but not oversized cities. This high-speed railway network has resulted in the creation of business opportunities. It is an extensive eco-system that is generating profits not merely through the sale of tickets but through its overall […]
Oct 19, 2018
For the last year, talk of the Chinese yuan becoming a major reserve currency has dominated headlines across the world. Is it time for the young lion to take charge of the pride?
Oct 18, 2018
By proposing to revitalize the ancient Silk Road, President Xi offered a new ambitious framework for the signing of economic and business accords, the realization of investments and generally the strengthening of ties between China and the world.
Oct 16, 2018
The private economy is the most energetic, promising and creative force in the socialist market economy with Chinese characteristics.
Oct 16, 2018
“After its completion, it will take only two hours from Colombo, the capital, to Hambantota, compared to the present journey of four hours or more.”
Oct 15, 2018
It is easy to take sides politically or ideologically, but politicization of trade issues is itself a poison pill that no one will be able to escape. The poison pill as embedded in USMCA is after all poisonous, not only for China, but also the world at large.
Oct 12, 2018
With the 71-year historical pace of the development and construction of the ‘Great Northern Wilderness’, the previously underpopulated wasteland has turned into the rich and beautiful ‘Northern Okura’.
Oct 12, 2018
The massive surplus and inadequacy during the process of international capital and production capacity transfer led to both the Great Depression in the 1930s and the recent Great Recession.
Oct 8, 2018
The conference, under the theme of “Shaping Innovative Societies in the Fourth Industrial Revolution” highlighted China’s commitment to opening up.
Sep 21, 2018