CRISIS FOCUS:Clouds on the Horizon

As reports supportive of a rebounding world economy continue to grab headlines, crisis-stricken countries cannot wait to announce that a substantial recovery may be soon approaching. But is the so-called turnaround an established trend with a firm foundation and what are the potential risks that threaten to darken future prospect? Zili, Vice Chairman of the Graduate School of the People's Bank of China, discussed these issues on his blog.     

Love for Love

A Shanghai doctor gives back to herdsmen by serving them in Tibet The drain in Zhou Jian’s bathroom is clogged with hair again. The 48-year-old has a buzz cut and lives alone, but he said the drain blocks twice a month."It never happened when I was in Shanghai. I’m losing my hair much faster on the plateau," Zhou, Vice President of the Xigaze People’s Hospital in Tibet Autonomous Region, southwest China, told Beijing Review.     

Reversal of Fortune

Many listed companies are revising their financial performance estimates as the global economic crisis takes its toll     

CRISIS FOCUS:The Real Blame

Former U.S. Treasury Secretary Henry Paulson fingered a new scapegoat for the world's economic problems. He said massive savings accumulations in countries such as China helped to trigger the crisis by squeezing interest rates and pushing investors toward riskier assets, the Financial Times reported on January 2. Zhang Jianhua, Director of the Research Bureau at the People's Bank of China, rebutted Paulson's comments as "extremely ridiculous and irresponsible" in an interview with Xinhua News Agency. Edited...     

Monetary Policy Proving Effective

Hu Xiaolian,Vice Governor of the People's Bank of China,the country's central bank,published an article concerning China's managed floating exchange rate regime and the effectiveness of the monetary policy on the bank's website on July 26.She pointed out monetary policy,as an important instrument of China's macroeconomic control,has faced many challenges in recent years.A more flexible exchange rate regime will help improve the effectiveness of the policy.     

Why China Is Confident

The global financial crisis is far from over as world economic growth continues to decline. Can China stop the downward tendency of economic growth and reach an economic soft landing? Can China take the lead in getting out of the shadow of the economic crisis? Chen Huai, Director of the Economic Research Institute of China's Urban and Rural Development under the Ministry of Housing and Urban-Rural Development, discussed these questions in a recent article in the Economic Information Daily. Edited excerpts f...     

The Digital Yuan on The Daily Commute

正The People's Bank of China has been stepping up promotion of the digital yuan,a so-called Central Bank Digital Currency that aims to replace some of the cash in circulation. It represents an argument that places the country at the feverish center of a hot debate engaging international government officials,economists,bankers and business executives alike. One crucial question remains: How will this digital currency fare in daily life?     

Why Is China Supposed to Be Responsible for the World?

People's Daily: The point of "China's responsibilities" is to describe China as the original cause of world economic imbalances, blaming China's inaction in stimulating global economic recovery.What do you think about it?     

CHINA AND THE UN AT 50

China was one of the architects of the UN. The country was the first signa-tory of the UN Charter in San Francisco in 1945. Yet it was only in October 1971, with the Chinese delegation led by then Vice Foreign Minister Qiao Guanhua, that the People's Republic of China's representa-tion in the UN was resumed. Since that time, the UN has had the great privilege of witnessing and support-ing China in achieving one of the greatest periods of socioeconomic progress in world history.     

当前世界金融危机与东南亚金融危机的比较——兼谈中国应对当前世界金融危机的措施

当下发生的世界金融危机是在经济全球化背景下的新现象，几乎各国经济都深受其害，中国经济也受到较大冲击，世界经济陷入上世纪大萧条以来最困难的境地。该文对当前世界金融危机和东南亚金融危机进行比较，并提出了中国应对当前世界金融危机的措施。     

Coping with the Global Financial Crises: institutional and ideational sources of Taiwan's economic resiliency

Over the last two decades, Taiwan has weathered two global financial crises: the Asian financial crisis of 1997–1998 and the sub-prime loan crisis of 2008–2009. Each time the island's economy emerged from the crisis relatively unscathed. Many of the elements that constitute Taiwan's economic resilience have been fostered through entrenched institutional arrangements and established policy orientations over a long period. Taiwan managed to retain the bulk of these long-running sources of economic resilience despite the tremendous external pressures exerted by neo-liberal policy advocates to dismantle these ‘out-dated’ policy thinking and practices in the name of reform during the decade-long interval between the two crises. Taiwan was able to cope with the 2008–2009 global financial crisis thanks also to a more enabling regional environment created through stronger cooperation among Asian economies and under a new awakening among the East Asian policy makers.     

New Engines for Growth

The global financial crisis changed the global economic order—it also changed the way people think about that order.Once accepted principles and practice have now come into question or are altogether discredited.While the developed world gets its house in order,developing countries are becoming a new engine of global growth and a pulling force for advanced economies.The World Bank recently published its analysis of this trend in a book called The Day After Tomorrow:A Handbook on the Future of Economic Polic...     

Growing Pains

As clouds gather over its economic prospects,the United States seems to still have a long way to go toward riding out the recession. In striking contrast,emerging Asian economies are becoming a stabilizing force in the global battle against the economic crisis. John Rutledge,former economic advisor to U.S. presidents Ronald Reagan and George H.W. Bush,discussed this issue in an interview with Beijing Review reporter Hu Yue on the sidelines of the Boao Forum for Asia on April 17-19.     

当前经济犯罪的特点与对策研究

经济犯罪具有贪利性、隐蔽性、复杂性与多变性的特点,自全球性金融危机爆发以来,经济犯罪案件日益增多,经济犯罪领域不断扩展延伸,经济犯罪出现新形式。必须强化预防和打击经济犯罪工作的观念,加大对经济犯罪案件的打击力度,提高政府各部门的监管力度,加强法制宣传力度,有效防治经济犯罪,促进社会主义市场经济健康有序地发展。     

1929-1933年经济危机与中国女性人口国际迁移:马来亚个案研究(1929-1941)

英属马来亚是近代中国人口移民最多的地区之一,也是中国女性移民最多的地区之一。在1929-1933年世界经济危机和殖民地政府移民政策的影响下,中国女性人口大量移民马来亚。本文通过中国女性移民马来亚的个案分析,希望深入探讨经济危机和重大政策变化对男女移民的不同影响,以及女性不同于男性的移民模式,以期丰富中国人口国际迁移研究。     

Dialogue,a Common Aspiration

Despite disruptions triggered by the COVID-19 pandemic, cooperation between China and Latin American and Caribbean (LAC) countries has continued at an accelerated pace, former Chilean President Eduardo Frei Ruiz-Tagle said at the Fourth Dialogue Between the Civilizations of China and Latin America and the Caribbean on October 22. He was echoed by Ma Peihua, former Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference, who stressed that in a complex and volatile world, it is never a sustainable solution for countries to detach themselves from the interna-tional community. Developing countries, including China and LAC nations, need to work together, support one another, and conduct cooperation and exchanges.     

A Year of Economic Recovery

As 2009 draws to a close, Beijing Review interviewed several economic experts on the performance of the Chinese economy in the aftermath of the global financial crisis. Beijing Review reporter Liu Xinlian interviewed Zhang Ping, Deputy Director of the Institute of Economics at the Chinese Academy of Social Sciences, who reflected on the overall economic performance and problems of the economy in 2009.     

Outshining the Competition

China has vied for a remarkable share of international trade over the past three decades, drawing on its low labor and manufacturing costs and resources. With the outbreak of the global financial crisis, its export-oriented economy has delivered a heavy blow to its economic performance. Will China be able to use the crisis as a golden opportunity to outshine its opponents in international trade? Mei Xinyu, an associate researcher at the Chinese Academy of International Trade and Economic Cooperation under t...     

Prescribing Economic Remedies

After slowly emerging from the financial crisis,the world economy has left the worst behind it.But the road ahead will by no means be a smooth one.Staggering unemployment,sovereign debt crises and inflationary jitters continue to stretch the nerves of policymakers.     

当前经济环境下中国社会保障体系研究

从当前中国面临的经济环境来看,全球金融危机的影响尚未消除,经济全球化发展趋势不可阻挡,城市化与工业化进程加速推进,转变经济发展方式迫在眉睫,收入分配不公问题日益突出,劳工权益保护意识不断增强。当前中国经济发展与社会保障发展之间还存在诸多矛盾。社会保障的发展应该抓住机遇,迎接挑战,建立社会保障财政投入的长效机制,在完善社会保障制度设计的同时尽快实现覆盖全民的目标,加强社会保障的管理与服务能力建设,注重社会保障的国际化发展。