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First Supply Chain Expo Looks to Bolster Global Supply Chains

China is holding its first China International Supply Chain Expo (CISCE) in Beijing from Nov. 28 to Dec. 2 under the theme...

China-Japan Ties: Future More Important than History

China-Japan ties will thrive in the future, Kazuo Ogura, former Japanese ambassador to France, said in his speech at this year’s Beijing-Tokyo Forum in mid-October. His words represent the aspirations of insightful Japanese people for continued friendship between the two countries.  After nearly a decade of “chill”, China-Japan ties took a turn for the better this year. In early May, Chinese Premier Li Keqiang paid an official visit to Japan; in late October, Shinzo Abe made the first visit to China by a Japanese prime minister in seven years. A commentator seeking an appropriate metaphor for this resumption of high-level visits described it as pressing the “reset button” for healthy development of China-Japan relations.  Abe’s China visit occurred at particularly symbolic moments, described in Chinese as the three “coincidences.” First, this year marks the 40th anniversary of the signing of the China-Japan Treaty of Peace and Friendship. Second, it is also the 40th anniversary of China’s reform and opening up. Third, the visit took place at the very moment when escalating trade tensions between China and the United States were creating changes in the world geopolitical landscape.  By calling them three “coincidences”, the author employs exaggeration to make the article more appealing. Actually, as the English poet Alexander Pope (1688-1744) once observed: “all chance, direction, which thou canst not see”. […]

The Expanding High-Speed Rail Economy of China

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 […]

Looking at the CPEC with Renewed Optimism

Overhauling Pakistan’s economic strategy and carrying out social development reforms remain a priority for the new government and Pakistan can learn a lot from China’s reforms under the late Deng Xiaoping that were most practical and achievable as they focused more on sustainability than high rates of economic growth, resulting in unprecedented achievements over time.