More Efforts Needed to Make Sure Investment Pact Delivers Pragmatic Results
After seven years’ investment of time and effort in reaching this agreement, it would be a pity if it simply came into existence and then brought about no change at all.
After seven years’ investment of time and effort in reaching this agreement, it would be a pity if it simply came into existence and then brought about no change at all.
In this fast-developing digitalized time, we should work to prevent any country or sections of the global population from falling into new poverty brought by digital inequality.
The improvement of infrastructure, public services and living conditions in China cannot alone provide solutions and set the way forward. What is required is an ambitious modernization plan that will empower the competitiveness in Chinese regions that lag behind.
China has 1.4-billion population including 400 million middle-income consumers and 130 million market players. Thus, there is ample market capacity for both consumption and investment.
China is not only scaling up its openness, but is, in addition, trying to create a fairer and more orderly environment for competition to thrive with capital flowing in from various sources.
Unlike many countries that have a variety of messaging apps, there’s no question that in China, WeChat is the go-to.
The modernization of the FTA between China and New Zealand is undoubtedly bolstering the world’s confidence in multilateralism and economic globalization, a godsend for a world economy cast into the throes of unilateralism.
Although a soft reset arguably is in everyone’s best interests, neither side realistically expects relations to warm considerably overnight. Both realize relations are tense and even fraught on some fronts.
All provincial economies set their growth targets for 2021 in a prudent way, planning for high-quality development instead of rapid expansion, and underlining the importance of technological innovation.
While China is ready to share the vaccine with others, “The U.S., Britain, Canada and others are hedging their bets, reserving doses of vaccines that far outnumber their populations, as many poorer nations struggle to secure enough,” according to a New York Times report.
China’s cross-border capital flows and foreign exchange market weathered severe tests in 2020, and showed stronger resilience and maturity on the whole.