Future of the ’China Model’

<正>Advocates of the "China model" believe the country’s economic success owes to a powerful government tightly controlling the economy.But that model is not without flaws as problems of corruption and the urban-rural divide continue to stretch nerves of policymakers.Wu Jinglian,a renowned economist,discussed these issues in an article recently published in the Caijing magazine.Edited excerpts follow:     

IN SESSION,INTO SERVICE

<正>What to expect when China’s national legislature convenes in March On February 6, Qin Yanbei, general manager of a private company, attended a special meeting in China’s capital where he met Premier Li Keqiang. Li chaired the seminar, soliciting opinions on the draft government work report, which reviews the government’s performance in 2022 and outlines priorities for the coming year.     

PEOPLE & POINTS

<正>Best Venture Capitalist Shen Nanpeng(Neil Shen),one of the founders and managing partners of Sequoia Capital China, ranked first on the 2011 Top Venture Capitalists in China by the Chinese edition of Forbes magazine. This is the second time in a row that Shen was champion on the list.Shen,42,received a bachelor’s degree from Shanghai Jiaotong University in 1988 and a mas-ter’s degree from the School of Management at     

What Can We Learn From the Stock Market Plunge?

<正>The past month has been unforgettable for investors in China’s A-share market.A sharp fall in stock index,a sudden drain on liquidity and a panic sentiment are all unprecedented in the history of China’s stock market.With the government’s direct intervention,the stock market has stabilized,but it still faces the arduous task of reconstruc-     

China＇s Strategic Choice： Tackling Global Climate Change Head-on

CLIMATE change is a grave chal- lenge facing humanity in the 21st century, and one to which the Chinese government has attached great importance. It is a key strategy and a resolute policy of the government to actively tackle this issue for the sake of China’s economic and social development. China will continue to take action and make positive contributions in the fight against climate change.     

The Birth and Growth of a Magazine （Part 1）

NOW in its 60th year of publication,China Today debuted as an English-language bimonthly under the name China Reconstructs at the beginning of 1952 (It adopted its current monthly format in 1955). The magazine’s founder,Sun Yat-sen’s wife Soong Ching Ling,was personally involved in every detail of the magazine’s creation,and regarded it as one of her major tasks after the founding of the People’s Republic.     

PEOPLE/POINTS

<正>Electricity BossLi Xiaolin, Board Chairwoman and CEO of Hong Kong-based China Power International Development Ltd., features on a Fortune magazine’s list of the 25 most influential business leaders in Asia released in April.China Power International Development     

SPOTLIGHTS

China Issues Judicial Rules to Boost Government Transparency China’s Supreme People’s Court (SPC) issued a judicial explanation to regulate and standardize trial procedures for the country’s increasing number of government information disclosure cases in a bid to promote governmental transparency. The explanation, which was issued on aug. 12, 2011 and published in next day’s edition of the People’s Court Daily, a newspaper run by the SPC,     

MESSAGES OF CONFIDENCE

Fears and rumors that China’s slowing growth would drag down the global economy have surfaced since last year.Right before the opening of this year’s full sessions of China’s national legislature and top political advisory body,Moody’s Investors Service downgraded its outlook for China’s government credit ratings from"stable"to"negative"on March 2,citing reasons including rising government debt and a continuing fall in reserves.In response,top officials in charge of economic affairs met the press,aiming to reassure the world by saying that China would continue to contribute to global growth.Edited excerpts of their comments follow:     

The Essence of Chinese Experience

<正>Why China can achieve successful development in the face of challenges?He Wenping,a senior researcher at the Charhar Institute and a research fellow at the Institute of West Asian and African Studies under the Chinese Academy of Social Sciences,made a comprehensive analysis on China’s governance experience,indicating the reasons.The article was originally published on the November issue of China Today magazine.Edited excerpts follow:     

LETTERS

As an English teacher, I’ve learned a lot with the help of your high-quality English magazine. By reading your issues all year around, I can signifi cantly improve my English. China Today is a window on the country’s continuing prosperity for readers all over the world. I hope that in 2007 your magazine will get better and better, and that more and more people around the world will read and enjoy it. I will always be a reader of your magazine.     

Preserving The Past

The government and the public are both working hard to protect China’s cultural relics Xingjiao Temple in Xi’an,capital of northwest China’s Shaanxi Province,was built about 1,300 years ago.It houses the relics of Xuan Zang,a famous Buddhist monk and Chinese pilgrim to India during the seventh     

Golden Jubilee Celebrated

Beijing Review, China’s only national English weekly news magazine, held a banquet on September 26 in Beijing, celebrating the publication’s 50th anniversary.More than 300 guests attended the gathering, including government officials,     

Why China Won't Suffer a “Debt Crisis”

正INACCURATE articles sometimes appear in the Western media claiming China faces a"severe debt crisis."Factually these are easily refuted.Changyong Rhee,the IMF’s Asia and Pacific Department director,recently pointed out that China’s national and local government debt is only 53 percent of GDP,while the U.S.government’s debt is roughly     

Xi Jinping Meets with Leader of Japan＇s New Komeito Party

Xi Jinping Meets with Leader of Japan’s New Komeito Party On January 25, general secretary of the Communist Party of China Central Committee Xi Jinping met with Natsuo Yamaguchi, leader of the New Komeito Party, the smaller partner in Japan’s coalition government. Xi stressed that both sides should continue to improve the bilareral relationship in a sustained, healthy and stable way, addressing sensitive issues effectively and promptly. China’s     

Channeling Frustration

Transparency and inclusiveness should guide local governments to defuse NIMBY protests China’s largest oil and natural gas producer Petro China published a report on the environmental impact assessment it submitted to the government for its controversial refinery in Kunming,capital of southwest China’s Yunnan Province.According to     

Rural Revolution

正China’s reform and opening up,which mark their40th anniversary this year,were fi rst carried out in the country’s rural areas.The People’s Republic of China adopted a planned economy system in the first three decades after its founding in 1949.Industrial and agricultural work was conducted in accordance with the government’s plans.Planning authorities decided on when to plant in the fi elds and what to plant,not the farmers     

ECONOMY

正Green App Chinese ride hailing and sharing company Didi Chuxing was selected for Fortune magazine’s 2016 Change the World list,shortly after the acquisition of Uber China that cemented Didi’s leading position in China’s transportation services market.As the only Chinese mainland company on the U.S.magazine’s     

A Needed Reform

Interest rates must be fully liberalized to meet the demands of the market In recent years, interest rate liberalization has been widely discussed amidst China’s financial reforms. The People’s Bank of China (PBC) expanded the floating range of deposit and loan interest rates in 2012, and eliminated the floor on lending rates on July 20, 2013, a clear indication of the government’s intention     

LETTERS

I am a junior student in Changchun Normal University. I saw China Today in our bookstore, and bought a copy immediately. Having read the magazine from cover to cover, I've learned more about current affairs, government policies, living conditions in the countryside, and our readers' attitudes. I am proud of the steady development that China