Import Expo Supports an Open World Economy
CIIE 2018 marks a critical move of China’s government in its efforts to support trade liberalization, economic globalization and the opening up of the Chinese market to the world.
China and Japan Promote Third-Party Market Cooperation
Japanese Prime Minister Shinzo Abe made an official visit to China from October 25-27，as China and Japan jointly announced on October 12. China and Japan have expressed their joint intention to vigorously promote cooperation in third-party markets. Why? What is the meaning and role of this cooperation? Δ President Xi Jinping meets with Japanese Prime Minister Shinzo Abe in Beijing on Oct. 26th. Li Tao / Xinhua Firstly, both China and Japan are countries with relative excess in endowment of production factors such as capital and production capacity. After the domestic economy develops to a certain stage, it is no longer able to rely on continuous large-scale domestic investment to obtain endogenous development, as is seen in periods of rapid economic growth. Motivation must rely on improving management and technology, especially through the core technologies of major industrial sectors to gain new development momentum, relying on technological innovation as a new impetus for economic development. Secondly, most of the countries involved in the Belt and Road Initiative are developing countries, and some are emerging industrial countries in the process of catching up. They are emerging from poverty, with their economies just preparing to take off or just beginning to take off. In this stage, there is an urgent need for capital and technology. In particular, it is more necessary to build […]
Understanding China-US Relations: Cold Wrestle Rather Than a New Cold War
China-US relations are not in a new cold war but in a situation of intertwined competition in which their interests are tangled. This cold wrestle is aimed at finding a new equilibrium of interest between China-US through each issue.
Hong Kong and the Big Deal That is the Greater Bay Area
From the onset of major market reform in China under Deng Xiaoping, Hong Kong has acted as a guiding light and entrepôt for the rest of mainland China. Now, the financial centre finds itself at a critical juncture as the rest of the nation begins to converge with the city in respect to trade, commerce and overall economic development. With that said, how does Hong Kong manage integration with the rest of China while still upholding the principle of ‘One Country, Two Systems’? A system which has helped it to continue to thrive as an economic centre for Asia for all these years. How Hong Kong deals with this could serve as a case study for all of China on economic transition, as, upon closer inspection, the issues that threaten to compromise the city’s development, are not actually all that different from the Mainland. Hong Kong: A City of Extremes The picture of Hong Kong is very much not unlike that of China, or most of the developed world for that matter. An aging population (with a median age of 44.4 years, Hong Kong currently plays host to the ninth oldest population in the world) is contributing to a shortage of labour and innovation, while sky high house prices and staggering levels of income inequality hold the potential to unravel […]
Will the Sino-US Trade War Turn into a Currency War?
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.
Is the China-US Relationship Entering a “New Cold War” Period?
It’s impossible for the US be merciful to China, and China is certain to lower its expectations regarding cooperation with the US.
The Road to RMB Internationalization Has Been Paved But Will the Journey be a Smooth One?
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?
Come for Peace: Notes on Peacekeeping in Lebanon
As we pass through this place, it is destined to become different compared to when we first arrived.
Private Sector will Continue to Play a Vital Role
The private economy is the most energetic, promising and creative force in the socialist market economy with Chinese characteristics.
Is Rome Statute Another Nose-picking Tissue for the US?
The US has always been pragmatic about international laws. And the Rome Statute may just be another piece of tissue that the US used for nose picking.
Is Moon’s Visit to DPRK the Key to Breaking Nuclear Deadlock?
As a mediator, the ROK is in a hurry to find a breakthrough for the U.S.-DPRK denuclearization negotiations which are currently deadlocked.
Mnuchin Proposing New Trade Negotiations: A Turnaround or a Tactic?
United States Secretary of the Treasury Steven Mnuchin sent a proposal to China on September 12, seeking the initiation of a new round of trade negotiations. Gao Feng, spokesman of China’s Ministry of Commerce, responded the following day that China had received the proposal and welcomes talks. Beijing and Washington are now working out the negotiation details. Escalating trade conflict is not in line with interests of either party, Gao emphasized. Since the trade war was first waged by the US in July, the US has already levied tariffs on $50bn of Chinese products, while China has retaliated with measures worth an equivalent amount. Now, Trump’s government is considering a duty increase on $200bn of Chinese products. With these factors in mind, how should we interpret the signal for talks the US has sent out at this crucial time? Does it indicate a turnaround? Increasing Domestic Pressure on Trump’s Government From running a presidential election campaign to taking office, Trump has always held a tough position on trade issues. He has placed the blame for US trade imbalances on other countries, saying they take advantage of the US. Hence, by bearing the torch of trade protectionism, Trump has shaped himself in the image of a strongman who fears no international pressure and always safeguards US interests. This image has won […]
