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<正>What’s next for China after the yuan’s inclusion to the IMF currency reserve?By Zhou Xiaoyan China has entered the big league with its currency’s inclusion into the International Monetary Fund(IMF)’s basket of reserve currencies,but analysts are already looking to see what the next move is as the country continues to reform and open its financial markets.Experts interviewed expect more reforms like those that led to the IMF’s decision,including allowing the yuan’s value     

AMENDING THE FUND AMENTAL LAW

正Modernization,socialism and the people’s will at the core of constitutional revisionOn March 11,the 13th National People’s Congress(NPC),China’s national legislature,adopted an amendment to the Constitution,marking the fi rst such revision in14 years."The revision is intended to enable the Constitution to better refl ect the people’s will,to give fuller range to the advantages of socialism with Chinese characteristics and to better meet the needs of mod-     

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.     

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     

Mutual Misunderstanding

<正>Efforts must be made to thaw the chilly relations between China and the United States In the wake of China’s ascension during the 1980s and 1990s,some in the United States began to doubt China’s intentions with regard to external affairs.That same cadre has interpreted China’s diplomatic headway in     

A Positive Factor

China’s Special Representative on the Darfur Issue Liu Guijin recently clarified the country’s position on the crisis in Sudan at a Foreign Ministry press conference. He also addressed concerns about China’s weapons’ sales to Sudan and some attempts to tie China’s policy in Sudan to next year’s summer Olympic Games. The following are excerpts from the conference.     

Doom and Gloom Prediction Wrong Again

正Given China’s slowing growth,some people have been predicting that the world’s second largest economy is heading toward a hard fall.In March,rating agencies Moody’s and StandardPoor’s downgraded the outlook for China’s credit rating from"stable"to"negative."But economic data for the first quarter of 2016 issued by the National Bureau of Statistics(NBS)show the country is off to a promising start this year.According to the data,China’s GDP     

TIME TO SHINE

<正>A construction worker’s pathway to the nation’s top legislature Five years ago,when Zou Bin first spoke to the media as a deputy to the National People’s Congress(NPC),he was nervous.Standing in front of journalists at the Great Hall of the People in Beijing,the venue for the full sessions of the NPC,China’s top legislature,the then 23-year-old felt overwhelmed by the situation and the responsibility.     

Lawmakers Gather in Beijing

Deputies to the National People’s Congress, China’s top legislature, applaud while listening to a government work report delivered by Premier Wen Jiabao at the opening of their annual session in Beijing on March 5. The session, which is scheduled to conclude on March 13, outlines China’s development program for 2009 and approves the state budget to support the country's counter-crisis measures. The National Committee of the Chinese People’s Political Consultative Conference, the top advisory body, also open...     

Merkel's Dilemma

<正>Whether or not to reform Germany’s welfare system After the United Kingdom’s decision to withdraw from the European Union(EU),the outcome of the German federal election,one of the EU’s pillar members,will have a profound influence on the EU’s future.Much of this will depend on whether     

Caution Needed When Analyzing China's Economic Trajectory

正How can one assess China’s economic new normal in the midst of the global economy’s mediocre performance?The market is torn on the issue,and the conclusions one might arrive to when considering these factors may clash with other people’s perspectives.Following Moody’s revised outlook of China’s government credit ratings from stable to negative on March 2,the inter-     

Symbiotic Development

China’s 30 or more consecutive years of express economic development have made it the world’s second largest economy.Growing pressure to sustain economic growth has led to the country’s new policy of innovation and opening-up.It will generate suffi cient economic momentum to take China to the medium and high end of the industry chain,and at the same time create new opportunities for the world economy.     

China＇s Antarctic Exploration：1984-2014

正THE launch in 1984 of the Xiangyanghong No.10 marked China’s first Antarctic survey tour.As the ship was not able to break ice,it was a tough start to the country’s Antarctic explorations.But after 30 years of effort,Chinese scientists have successfully sailed from Shanghai to the Southern Hemisphere and beyond to the earth’s southernmost continent.China has since witnessed great achievements in its scientif ic expeditions to the     

BELT AND ROAD DIPLOMACY

正China’s proactive and communicative foreign policy stance works within the global system In the era since China’s accession to the World Trade Organization(WTO)in2001,the country’s boom in productivity has brought massive benefits in terms of delivering prosperity and material wealth to the Chinese people,and indeed through GDP growth contributions to the outside     

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     

Ten Years after China＇s Accession to the WTO： Dancing with the World

In the run up to and the period after China’s accession to the WTO in 2001, "the wolf is coming" became a catchphrase among business and academic circles, re? ecting people’s fear of the coming global competition. In response to the new market landscape in the mak- ing, Chinese government and enterprises began to study WTO regulations and laws. China’s top leaders including President Jiang Zemin and Premier Zhu Rongji gave lectures to provincial governors on WTO-related topics.     

WEEKLY WATCH

Equal Pension Is Taxpayers’ Right Shenzhen in south China’s Guangdong Province has revised its pension policy to make it easier for workers without a Shenzhen hukou (permanent residence permit) to benefit from the city’s pension scheme. According to the new rule, non-hukou holders no longer need to contribute to the pension scheme for five consecutive years before retirement, but they are eligible for a monthly pension as long as they contribute to the city’s pension fund for 15 years or more. As a result, migrant workers and expats are entitled to the same pension treatment as Shenzhen’s hukou holders.     

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,     

More Action Following Declaration

正As the curtain has fallen on this year’s G20Summit in Hangzhou,now is the time for leaders of the world’s top 20 economies to put words into action and make the summit resolutions relevant to businesses and people.A resounding narrative from this year’s summit asserted that the world economy may never be able to return to pre-2008     

The Sartorial Lining--China’s silver-haired mannequins are more than just billboards;they’re role models

It’s big and it’s bland, full of tension and fear. They do it over there but we don’t do it here. Fashion! Turn to the left. Fashion! Turn to the right. We are the silver squad and we’re coming to town. The first part comes courtesy of David Bowie, the last sentence of China’s shishang nainai.