MARKET WATCH

For two straight quarters, China has replaced Japan as the world’s second largest economy, but experts believe the Chinese economy is not without its flaws. The country remains a favorite destination for foreign investors as FDI pours in. China remains the largest foreign holder of U.S. Treasury securities. The auto market continues to burst with vitality as vehicle sales pick up across the nation. Chinese steelmakers are facing some serious headwinds as costs rise eats into their profits. PC giant Lenovo fares well, with quarterly profits soaring.     

MARKET WATCH

The auto markets stage a mild comeback,with sales rebounding in September.The government starts a trial scheme allowing four local governments to issue bonds.Not only small companies,but also some larger,listed companies are feeling the pinch of financial difficulties.Parts of the country are reeling from diesel shortages as demand shoots up.China’s total household wealth is expected to become the second largest in the world by 2016.     

Ditching U.S.Securities?

Japan overtook China as the largest foreign holder of U.S.Treasury securities at the end of 2009 after China sold $34.2 billion in American securities last December.China had previously surpassed Japan as the largest holder in September 2008.Since then,China has increased and reduced its holding from time to time.The latest amount,however,accounted for 4 percent of all Chinese holdings and was the biggest single month reduction in years.     

ECOLOGY OF SHARING

正Irish researcher contributes to the understanding of grassland biodiversity When the Luosuo River, the largest tributary of the Lancang River, takes an almost round-about turn in Mengla County of Yunnan Province, it encircles a piece of land blanketed with trees and meadows. On that land lies the largest tropical botanic garden in China that is home to more than 13,000 species of flora.     

新时代的中国国际发展合作(上)

中国是世界上最大的发展中国家。中华人民共和国成立以来,中国秉持国际主义和人道主义精神,始终关注和支持其他发展中国家改善民生、谋求发展的事业。新中国成立伊始,在国家百废待兴、财力紧张的情况下,中国即开始向有关国家提供援助.为发展中国家争取民族独立和解放、促进经济社会发展提供有力支持、奠定了中国与广大发展中国家长期友好合作的坚实基础。改革开放以来,中国对外援助内容更加丰富、形式更加多样,促进了中国与其他发展中国家的共同发展。     

Market Watch

Moderate Prospects Investment and consumption have been the biggest motors of the economy,both surging in the first four months this year.Exports also regained some lost ground,soaring 30.5 percent in April from a year ago.     

PACKED TO THE RAFTERS

From 2018 to 2020, the number of U.S. companies attending the China International Import Expo (CIIE) increased from 180 to 198, with their total exhibition area one of the largest among all participating countries and regions. This year, some 200 U.S. com-panies attended the expo's fourth edition that took place in Shanghai from November 5 to 10, hitting a new high. Their active engagement in the CIIE mirrors U.S. businesses' continued passion for the Chinese market, the only major economy to achieve positive growth last year amid the worldwide impact of COVID-19, a Xinhua News Agency commentary read.     

CERTAINTY MUST BE RESTORED

China-U.S.energy cooperation has experienced a roller-coaster ride over the past few years.Which way will it head under Joe Biden?Mitchell F.Stanley,Chairman of the National Center for Sustainable Development(NCSD)in Washington,D.C.,shares his observations with Beijing Review reporter Tao Xing.This is an edited excerpt of the interview:Beijing Review:According to Forbes,the U.S.will become the world’s largest oil and gas exporter in the next few years.China is the world’s largest importer of crude oil,and the U.S.accounted for 7 percent of China’s imports through mid-September 2020,according to London-based market intelligence firm Vortexa Ltd.How can the two countries expand their energy cooperation?     

Traditional Dong Villages:Home of Poetry and a Sea of Music

LOCATED in Liping County,Qiandongnan Miao and Dong Autonomous Prefecture of south-west China's Guizhou Province is the Zhao-xing Town.one of the largest ethnic Dong vil-lages in China.     

How East Asians View the Rise of China

Its newly acquired status as the world's second largest economy has entitled China to a more prominent role in global affairs, and increasingly, its behavior has drawn scrutiny from the world in ways that the country is ill-prepared for. The attention to China's rise, however, focuses not only on its economy but also on other aspects, including its military, diplomatic moves, domestic politics and its ‘soft power’, namely, its own image or self-projection and the world's perception or attitudes toward China. And yet, there has been no systematic investigation to evaluate how the world views a rising China. In this article, the authors applied the latest dataset from the Asian Barometer Survey to investigate whether East Asians recognize and welcome the rise of China. The findings suggest that geographical and cultural proximity have a great impact on people's perception of China. Countries which are territorially adjacent or culturally close to China tend to regard China as the most influential country in Asia. With the exception of Japan and Mongolia, most Asian countries hold positive views about the impact of China on the region. However, such benign evaluations are weaker in countries which have potential security conflicts with China, such as Taiwan and South Korea, when only the bilateral impact is considered. The overall picture shows that the rise of China has been largely recognized and welcomed by East Asians, despite some apprehension about China's strategic intentions to its neighboring countries.     

石山地区实现富民兴桂新跨越的思考

广西是我国岩溶石山面积集中、连片面积最大的省区之一。文章认为加快广西石山地区的发展 ,要以小流域为单元治理水土流失和石漠化 ;要持续高效地利用石山地区的自然资源 ;以优势农产品为重点 ,优化产业结构 ;加快农村剩余劳动力转移 ,拓展致富领域 ;国家和社会继续给予扶持     

人工湖泊旅游开发利用研究的意义

人工湖泊是我国的重要资源 ,拥有量为世界之最。开展人工湖泊旅游开发利用的相关研究 ,不仅在旅游学科中具有开拓创新的意义 ,其研究成果也具有填补旅游资源学、旅游管理学等相关学科空白的理论意义 ,同时还具有一定的学术价值。研究人工湖泊在旅游开发中的作用 ,对我国的经济建设以及西部大开发战略的实施 ,具有重要的现实意义和广阔的运用前景。     

GROWING TOGETHER

Microsoft established the Microsoft China Research Inst itute in 1998, after first entering the Chinese market in 1992. By 2001, the institute had grown into Microsoft Research Asia, the U.S. tech company's largest overseas research facility. In the same year, China joined the World Trade Organization (WTO), despite controversies that the entry would pose challenges within the domestic market. Since then, two decades of success have proved both China and Microsoft have chosen the right paths.     

Revitalizing the Countryside Through Rural and Agricultural Modernization

DEVELOPMENT of rural areas is critical for China.When working toward the goal of building the country into a moderately prosperous society in all respects and a strong,modern socialist country,the most challeng-ing and onerous tasks China faces are those regard-ing rural areas.The progress of these areas will in turn provide the solid foundation and become the largest source of strength and potential for national development.     

Deflation Alert

As inflation hits a four-decade high in the United States,China faces deflationary pressure.The markedly different pictures of the world's two largest economies tell the complexity of economic recovery amid COVID-19 waves.According to data from the National Bureau of Statistics(NBS),in January.     

MARKET WATCH

China's vehicle sales continue to pick up, putting the coun- try on track to retain its position as the world's largest auto market this year. Chinese companies flock to U.S. stock markets in hope of hitting the jackpot with successful IPOs. China remains the largest foreign holder of U.S. Treasury securities, after adding $23.3 billion in October. State-owned enterprises harvest handsome profits. The newly established Guoxin Asset Management Co. will be engaged in accelerating state-owned assets restructur...     

MARKET WATCH

By ordering another hike of the reserve requirement ratio, China is sparing no effort to dampen inflation. The central bank starts a trial currency program, under which qualified Chinese companies can settle their overseas direct investments in Chinese currency, the yuan. China remains the largest foreign holder of U.S. Treasury securities, even after shedding $11.2 billion in November 2010. State-owned enterprises reap handsome profits, drawing strength from the buoyant economy. China has become the country with the most installed wind power capacity worldwide. Due to the possibility of a sluggish auto market starting this year, private automaker BYD plans to cut its dealership in 2011.     

游客形象对中国公共外交的影响分析

中国已经成为世界第一旅游消费大国,庞大的出国人群原本可以成为公共外交的使者和国家形象的代言人,遗憾的是,此起彼伏的中国游客不文明行为,不仅引起目的地居民的反感,而且降低了中国政府公共外交的可信度,使国家形象受损。在全民外交时代,应加强对游客形象问题的研究,探究其对公共外交的影响程度,充分发挥个体在公共外交中的积极作用。     

论商务英语在对外贸易中的应用

自从中国走上了改革开放之路,综合国力与日俱增,国际地位一路攀升,我国的对外贸易也取得了令人瞩目的辉煌成绩.在对外贸易领域,进出口总额进一步增加,继续提升着中国在世界上的大国形象.在对外贸易交易中,商务英语一直作为基础性的语言工具,起着毋庸置疑的桥梁作用.对外贸易中如何更好发挥商务英语的语言艺术,是国际交流与合作成功的重要保证.     

WB Advice

Despite the negative impact of the European debt crisis,the global growth outlook remains favorable,largely because of the strength of emerging markets.China,as the largest emerging economy,has contributed handsomely to the global economic recovery.In China,after a rapid start at the beginning of the year,growth is likely to ease,mainly because of a partial normalization of the macro policy stance and recent property measures,said the World Bank in its latest China Quarterly Update released on June 18.Edited excerpts follow: