The fundamental reason for China to increase deficit is to promote economic growth by increasing fiscal spending. The expansion of fiscal expenditure is based on a low leverage ratio of government debt.
The Boao Forum for Asia (BFA), as a high-level platform dedicated to dialogue and cooperation, now stands at a new horizon, where it is charged with both greater expectations and heavier responsibilities.
As the world moves further into an era of geopolitical competition and economic transformation, the stark differences between the leadership styles of China and the U.S. will continue to shape global dynamics.
For foreign-funded enterprises, as China opens wider to the outside world, it not only provides a huge and growing market, but more importantly, this is a market that is constantly optimized and committed to high-quality development.
The policies and strategies discussed at the Two Sessions will likely provide valuable insights into China’s evolving role in fostering an inclusive, stable and forward-looking global governance system.
There is no one-size-fits-all model for democracy. What matters most is that it aligns with the national context and represents the interests of the overwhelming majority.
Only under peaceful conditions can the fruits of technological development truly be used for the benefit of humanity. This should be the theme of world politics in the coming period.
A study of the performance of various countries in the high-tech sector reveals how China’s long-term strategic planning and extensive investment have begun to yield remarkable results.
Growing tensions between the U.S. and Europe may lead to a change in the configuration of the China-U.S.-Europe triangle.
Appropriate governmental actions—focused on promoting the market economy and providing proper incentives—are key to stimulating a city’s growth.
Xinjiang, a region renowned for its cotton production, has been proving itself as a powerhouse of more than just agriculture, growing new industries that bring it closer to China’s forefront of economic transition.
China’s evolution over the past decades shows that the more the country has developed, the more open it has become. This process is set to continue as China pursues its goals for development and modernization.
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