The Economics of Chinese Art

IN mid-March 2011 the British Art Market Federation announced that China had overtaken the U.K. to become the world’s second-largest art market. Only a week later,Francebased Artprice,which maintains the world’s largest data bank of fine art auction records,disclosed in its 2010 report that China had climbed past the U.S. to become the top ranking country in terms of annual fine art revenues.     

The ‘Diamond’ Decade

China and ASEAN’s ambitious plans to bolster their economic ties could turn the Asia-Pacific into the world’s largest free trade area Imagine this:A free trade area spanning China to Japan,across to India down to New Zealand,a region covering a hulk of the AsiaPacific,its diversity of nations,political systems,languages,religions and cultures.Given that     

The Choice Is Sustainable development

‘China, along with the United States, Europe, India and Japan, will become the five engines of world economic development, forging ahead side by side," said Justin Yifu Lin, a member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) and former Chief Economist of the World Bank. On more than one occasion he expressed confidence that China would likely     

What Can the World Expect From China?

正The core of the message to the outside world lay in President Xi Jinping’s assertion that the international community expects to hear China’s voice and be aware of China’s plans and China will not be absent from the world’s debate.This is not new,of course.For some time now,the world has recognized China as a force to be reckoned with.But in order to understand what the world can expect from China in 2016,it is useful to analyze the carefully considered content of the president’s     

Focus

Auto Manufacture and ConsumptionIn 2006, China produced 7.2797 million cars and sold 7.216 million, according to China Association of Automobile Manufacturers statistics. This represents a respective rise of 27.32 percent and 25.13 percent on the previous year. It signifies that China has overtaken Germany and Japan to become the world’s third largest car manufacturer and the second largest new car consumption market.     

Exchanges

7.8Percent Statistics from the National Bureau of Statistics show that China’s GDP grew by 7.8 percent in 2012. Although the growth rate is lower than that of 2011, it is still the highest among leading world economies and China’s contribution to the world’s economic development is increasing. According to the latest forecast by the IMF, the global     

A SINGULAR SALES SPECTACLE

正Singles’Day poses a shift in e-commerce development in China Pocketbooks exploded once again on November 11,China’s Singles’Day.Despite the fact that the festival celebrates single people,it has now become one of the world’s largest online shopping extravaganzas.Shi Yang,a manager at a private firm in Beijing,spent more than 6,000 yuan($873)—equivalent to his wife’s monthly salary—on that day.     

Push and Pull： Opposing Forces on China＇s Growl

IN the second half of 2011,the European debt crisis spread further,sending shockwaves throughout the world and dragging down the global economic recovery. The world is turning its gaze from the U.S. with its sluggish economic recovery and Japan with its lasting depression to emerging economies like China and Brazil. The momentum of China’s economic growth will not only become the main concern of China’s major trade partners,but will also be a focus of world major transnational corporations’ attention.     

A More Meaningful Goal

<正>The first 10 years of the 21st century marked a golden decade of development for China,as the country overtook Italy,France,Britain and Germany in terms of GDP,finally surpassing Japan in 2010 to become the world’s second largest economy,next only to the United States.With China’s accession to the ranks of major economic giant,the international community has increasingly recognized China as another superpower.Some have even put it alongside the United States as part of a"G2"that will together dominate the global     

Sci-tech Fuels Nine-year-straight Grain Output Increase

IN 2012, China’s overall grain output topped 589.57 million tons, maintaining an increase for nine consecutive years. "A glance at the history of world grain development shows that, among the current six top grain producing countries, only India achieved a five-year-straight increase between 1966 and 1970 and the U.S. between 1975 and 1979. China’s nine-year-straight grain output increase hence sets a new world record," chief economist of China’s     

Travel Fever

<正>China to become the world’s No.1 tourist destination by 2015 May 19 is a special day in China’s history. On that day 400 years ago,Xu Xiake (1587-1641),wellknown geographer,traveler and explorer of the Ming Dynasty (1368-1644),started a lifelong journey,leading to the publication of the monumental Xu Xiake’s Travel Notes,known for its detailed and accurate geographical information. The book also provided valuable insight into local customs and habits.     

The Fiction of Protectionism

Because of its constant supplies of cheap consumer products to people around the world during the past 30 years, China has become known as the "world’s factory."     

On Top of the PC World

Lenovo has overtaken HP to become the world’s top computer maker,but the company has even greater ambitions.China’s personal computer manufacturer Lenovo Group Ltd.overtook U.S.-based Hewlett-Packard Corp.,or HP,in the third quarter to become the largest seller of personal computers(PCs) in the world measured by shipments,said the IT research company Gartner Inc.in October.     

More Outbound Investments Expected

<正>Against the backdrop of shrinking outbound investments around the world,China’s outbound investments are increasing.China has now become the world’s third largest investor,after the United States and Japan.Chinese companies’investments can bring capital,jobs and market opportunities to destination countries—and more importantly,more vitality to local economies.According to the Pew Research Center’s report issued in July,an estimated 33,000 jobs in the United States are     

China Makes the World a Safer Place

THE outside world, especially the West, appears to be concerned about China’s development both in economic and security fields. Should the world fear the rise of China? How can China assure the world that its     

Golden Era To Come

<正>China’s robot industry leader anticipates flourishing next five years China now has become the world’s largest application market of industrial robots,accounting for one third of global market share,according to a report on China’s robot industry released by the Chinese Institute of Electronics earlier this year.While foreign robot     

Sustainable Growth Requires Wiser Energy Use

CHINA used to be tagged as "the world’s largest..." - the world’s largest exporter, the world’s largest mobile market, the world’s largest online population - it seems that in most markets and measurements, China wins the superlative. There is a notable exception to the trend: "the world’s largest economy" still goes to the U.S. But even conservative estimates see China usurping that throne by 2030.     

China Makes New Contributions to the World Economy

<正>Almost four decades after implementation of its reform and opening-up policy in the late 1970s,China has become the world’s second largest economy,second largest trading nation,largest exporter,second largest importer and second largest overseas investor.China certainly has the capabilities to create huge development opportunities for the world.China is making new contributions to global technological innovation.With a new round of industrial revolution coming,innovation has     

Above and Beyond China's Taikonaut Corps celebrates 20 years of space exploration

正In the summer of 1996,31-year-old Yang Liwei was informed that he could participate in the first round of physical examinations for China’s space program.He had no idea at the time that he would go on to become the first Chinese person to go beyond the earth’s atmosphere.     

Benefits of Free Trade

正China’s accession to the World Trade Organization(WTO)in 2001 has accelerated the integration of the country’s economy and society into the world’s.Fifteen years after the accession,it’s found that while benefiting from globalization,China is also contributing to global economic development.In the past 15 years,China has fulfilled its