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.     

The Human Side of Poverty Alleviation

正Poverty shouldn't be a controversial subject, but it is. The World Bank, the World Health Organization, the U.S. State Department and pretty much every government in the world has a different definition of what poverty means. In China, absolute poverty is defined as 11 yuan a day; this is about $1.7. The World Bank disagrees and sets a higher number. In 2011 the U.S. considered people to be in poverty if their consumption was less than $21.7 a day. If that were the case, given inflation, almost all Chinese people outside of a few large cities would be in poverty. But living in China is different.     

Economic Rebound Attracts More FDI

正The Western mainstream media has often lashed out against the Chinese Government and the country,but that has not resulted in a negative impact on China when it comes to attracting substantial flows of inbound foreign direct investments(FDI).     

论贸易保护主义对我国的重创及应对措施

金融危机从美国的次贷危机开始，各国经济处于缓慢的复苏阶段，而经济学界和联合国的预测并不容乐观。在此期间，各国为保护本国经济，纷纷出台了各种贸易保护主义的政策，不顾长久的发展考虑，而是利用世贸组织的反倾销、反补贴及保障措施机制，打击外国商品的进入。我国就是最大的受害者，遇到了各国的贸易壁垒，使得我国出口商品遭受严重的打击，2009年贸易量大幅度下跌，为此，我国企业必须积极应对挑战，做好应对的准备。     

Competitors or Enemies?

Beijing Review: In your book, you wrote that if both China and the U.S. were to fo-cus on improving their peoples' wellbeing, they would find no contradictions in their long-term strategies. It seems that China has been doing so, but the U.S. seems to be preoccupied with retaining its global domi-nance. What's your take? Kishore Mahbubani: I'm glad you raised a very critical point that I made in my book: the U.S. should not engage in a contest for su-premacy. Yet unfortunately, it would be difficult to change the views of many Americans, because their strategic thinking is still stuck in the 19th and 20th centuries. When you had this zero-sum games between great powers, this was the day when European powers used to fight and go to war with each other. But we no longer live in that world. We now live in a very small, interdependent world where we have many common interests and challenges to deal with.     

MARKET WATCH

China continues to shed its holdings of U.S. Treasury securities as the country aims to diversify its foreign exchange reserves. More U.S. companies are looking to solidify their footprint in China. Chinese exporters stage a comeback, as the ongoing Canton Fair witnesses increased deals. The e-commerce sector slows down due to seasonal factors. The Internet portal Sohu.com cashes in on stronger online gaming, advertising and search businesses.     

Anti-Asian Hate Did Not Begin With Trump

Some people believe that former President Donald Trump introduced anti-Asian hate to the U.S.To be sure,Trump did instigate and exacerbate racial hatred and violenee,especially with his racist rhetoric against China after his ineptitude at containing the COVID-19 pandemic was exposed.From March to December 2020,Stop AAPI(Asian American Pacific Islander)Hate,a national coalition monitoring anti-Asian discrimination during the pandemic.     

The Plutocracy That Is U.S. Democracy

The U.S. doesn't have democracy, it has politics. Democracy is about serving the people, giving them what they want and improving their lives. China doesn't have career politicians, it has bureaucrats. Trained and skilled administrators who are elected from the bottom and selected from the top, but only if they are good enough. If they don't measure up, they lose their job.     

Facts Tell A Different Story

正China has billionaires and is a top destination for foreign direct investment. It has thousands of branches of Starbucks and KFC,along with significant private ownership of capital. It suffers from different levels of inequality. These factors lead many to question whether it really is what it claims to be: a socialist country.     

Story of Our Time

Best-selling author John Naisbitt and his wife Doris have co-written the upcoming book China's Megatrends:The Eight Pillars of A New Society.The two recently visited China to promote the new book.A U.S.citizen,John Naisbitt has proven himself a guru at predicting social trends in various countries.His series of books,which started with his first Megatrends in 1982,has sold more than 14 million copies around the world.The new book is based on the research of the Naisbitt China Institute in Tianjin Municipali...     

THE WHEELS ARE TURNING

Nonprofit organization encourages wheelchair users to get more outdoorsy and sporty When asked " Where are you from?" Josh Dominick, born in New Mexico and raised in New York, the U.S., prefers to say he comes from Beijing.Having resided in China for more than two decades, Dominick speaks fluent standard Chinese and has made friends from all across the country, many of them people with disabilities.     

China's Economic Advance Gives Hope to the Developing World

C HINA'S economic progress since the com-mencement of its reform and opening-up in 1978 gives hope to every developing nation that if China can do it,so can we.A 2019 report by Switzerland-based financial servic-es company Credit Suisse Group said that China was this century's champion in wealth creation and the figures it cites are truly amazing.Having successfully cushioned the impact of the global financial crisis of 2008-2009,unlike so many other nations,China has seen total household wealth rise from US $3.7 trillion in 2000 to US $63.8 tril-lion in 2018,an exponential 17-fold increment.     

MARKET WATCH

Outbound Rush Despite a deep downturn in the world economy, Chinese firms are beefing up efforts to head overseas. China's outbound direct investment (ODI) rose 1.1 percent year on year to $56.53 billion in 2009, the largest among developing countries, said a report jointly released by the Ministry of Commerce (MOFCOM), the National Bureau of Statistics and the Sate Administration of Foreign Exchange on September 5. This was the eighth consecutive year of growth.     

Art on Rock The Helan Mountain rock engravings shed light on history and culture in Ningxia

With sprawling deserts and serene lakes, the natural wonders of Ningxia Hui Autonomous Region have never failed totake the breath away from visitors. The areahas another major attraction, though: the Helan Mountain rock engravings.     

The U.S. Propaganda Warfare Against China

Former U.S. Secretary of State Mike Pompeo recently said in praise of his successor, "Secretary [Antony]Blinken has spoken about the genocide that’s taking place in western China. I applaud him for building on what I tried to do. I hope that he can do even better than we did." This meant to imply that Pompeo himself was the original architect behind the current wave of anti-China propaganda warfare.     

How China's Political Leadership Elevates Progress

I have been coming to China for more than 30 years. I have traveled all across the country,visiting over 100 cities together with my long-term partner, Adam Zhu, for research and interviews, books and essays, television and documentaries. I have given much thought, over the years, as to what has brought about China's develop-mental miracle. The underlying principles One, a people who work hard to im-prove the lives of their families and the destiny of their country.     

MARKET WATCH

The real estate market fever is cooling down with signs of price declines emerging.Despite proliferating worries about the safety of dollar assets,China has boosted its holdings in U.S.Treasury securities for four consecutive months.China maintains its appeal to foreign investors as reflected by strong FDI inflows.Internet companies are picking up momentum,raising hopes for a renewal of global investors’confidence in China-concept stocks.State-owned enterprises report handsome profits,but challenges remain.     

“冷战”时期之禁毒与美国外交取舍

"冷战"时期,以美国为代表的西方社会,以联合国为舞台,借助新闻媒介之手,曾经展开过一场禁毒遏共外交活动。这既是当时特殊的"冷战"背景下美国遏制与孤立新中国的产物,更是美国对外政策实施过程中以话语权优势制衡对手的惯有手法,而由此助长了东南亚"金三角"毒品源地的坐大,则显然是以意识形态为标尺的"冷战"背景下禁毒外交取舍不当之"苦果"。唯有摒弃意识形态领域的偏见,保持禁毒的初衷不变,国际禁毒事业方能得以长足发展。     

MARKET WATCH

The China Banking Regulatory Commission has kickstarted a pilot program to bolster consumer finance companies. This marks a step forward in the economic shift toward consumptions. In June, China trimmed a record net $25.1 billion in holdings from U.S. Treasury securities on concerns over the value of U.S. dollar assets. Air China Ltd., one of the country's big three carriers, meanwhile, plans to raise its stake in Cathay Pacific Airways Ltd. to nearly 30 percent. China's foreign direct investment inflows, a...     

Great Achievements Secured by the CPC

C HINA has effected many achievements unprecedented in human history under the leadership of the Communist Party of China(CPC).We know that China is the most populous country in the world.About four decades ago it was still a country with hundreds of millions people ensnared in poverty.In the following years since the country's reform and opening-up policy was rolled out,China has made tremendous develop-ment strides.This great progress was not purely a coincidence,but rather came about through effective measures,planning,and guidance of the CPC,which has presented the world with a different develop-ment model in contrast to the neoliberal capitalism that has led to some chaos across the world.