Dangers of Trade Protectionism

正In the name of "national security," U.S. politicians have tried to block Huawei and ZTE, two of China’s major private telecom firms, from entering the U.S. market. This triggered concerns that trade protectionism could affect the development of the free market economy around the world.     

The Rise of China＇s Global Companies

THE rise of individual Chinese companies to leadership positions in global competition is already well known. Lenovo is the world＇s largest PC producer. Haier is the world＇s largest household goods manufacturer. Huawei is the second largest producer of telecommunications equipment. Forbes magazine ranked ICBC as the world＇s overall number one company in 2013 by combined revenue, assets, profits and market capitalization.     

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.     

WHEN THE CHIPS ARE DOWN China's homegrown chip industry rallies in the face of the U.S. ban on ZTE

正Amid already fierce trade frictions between China and the U.S.are signs of a technology war between the world’s two largest economies,with a leading Chinese telecom equipment maker caught in the crossfire.On April 16,the U.S.Department of Commerce(DOC)imposed a seven-year ban on ZTE’s purchase of crucial U.S.tech-     

CERTAINTY MUST BE RESTORED

China-U.S.energy cooperation has experienced a roller-coaster ride over the past few years.Which way will it head under Joe Biden?Mitchell F.Stanley,Chairman of the National Center for Sustainable Development(NCSD)in Washington,D.C.,shares his observations with Beijing Review reporter Tao Xing.This is an edited excerpt of the interview:Beijing Review:According to Forbes,the U.S.will become the world’s largest oil and gas exporter in the next few years.China is the world’s largest importer of crude oil,and the U.S.accounted for 7 percent of China’s imports through mid-September 2020,according to London-based market intelligence firm Vortexa Ltd.How can the two countries expand their energy cooperation?     

Another Roadblock

On route to global expansion,Chinese telecom giants Huawei and ZTE face protectionist obstacles in the EU Chinese telecom equipment makers Huawei Technologies Co.Ltd.and ZTE Corp.currently face a stumbling block from the EU aimed at hindering them from accessing the continent’s vast market.And this time,the accusation is     

STAYING COOL

Right in the middle of the deepe ning U.S.-China trade war storm, Huawei Technologies Co.,the world's leading telecom network equipment provider from Chin a, is maki ng world headlines as a result of the U.S. ban on its products and cutoff from its business partners. During an exclusive interview with state broadcaster China Central Television (CCTV) on May 21, Huawei founder and CEO Ren Zhengfei showed little concern about the challenges facing the company.     

Customizing Chinese Patients

U.S. medical device producer Medtronic raises its stake in China amid the country’s intensified efforts to reform healthcare A s China becomes one of the world’s fastest growing healthcare markets, investors and foreign companies are flocking to the promising sector. Medtronic, one of the world’s largest medical device makers, is no exception.     

The Trump Effect

正How might Donald Trump’s economic plans affect the world if he becomes U.S.president?As the world’s second largest economy and largest trading nation, China is particularly interested in potential policy changes in the United States if Donald Trump, the Republican presidential nominee, wins the 2016 U.S. presidential election.     

FOUNDATION FOR THE FUTURE

<正>Booming new infrastructure in China attracts growing participants After exploring the Chinese market for decades,U.S.tech firm Intel is now active in the nation’s new infrastructure development.Starting from2018,the company has been cooperating with China Unicom,one of the country’s three major telecom operators,on 5G and Internet of Things projects.     

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.     

Beyond Self-Interest

When Ren Zhengfei, founder and CEO of Chinese telecom giant Huawei, spoke of his admiration for the iPhone ecosystem during a recent interview, he visualized a day when China and the U.S. would work together for universal benefits. His revelation that he buys Apple products for his family members may be a surprise to many, but building partnerships by engaging in fair competition and exploring comparative advantages is not a new idea.     

History Reverses Itself in Student Exchange Programs

AFTER decades of bumpy China-U.S.relations,America is set to expand the 100,000 Strong Initiative,sending more American students and teachers to China to gain real-world experience,learn about China and bridge the gap between two of the world’s largest and most influential countries.? The tale of China-U.S.relations is one with many twists and turns.The U.S.slams China on human rights while China criticizes the U.S.on its intervention in sovereign nations.Trade disputes between the two countries continue to cause concern and there are fundamental differences in world views as represented by the majority of citizens in each of these two vastly different countries.     

MARKET WATCH

Economic data for February were released, providing insight into the health of the economy. Inflation continues, with the CPI coming in at 4.9 percent, above the government-set cap of 4 percent for this year. Newly extended bank loans fall dramatically as the central bank twists harder on the credit screws. Growth of retail sales slows down in part because the auto market has become lackluster. China Mobile, the world’s top telecom operator by subscribers, reports modest growth. After three consecutive months of net selling, China remains the largest foreign holder of U.S. Treasury securities.     

THE MARKETS

ZTE’s Ambition Chinese smartphone maker ZTE Corp.has plans to dominate the Philippine smartphone market through the creation of affordable handsets in the next three years.The telecommunications giant has already become the world’s fourth largest mobile phone manufacturer based on 2012 sales.But it has yet to be a big player in the Philippines,having only entered the Southeast Asian nation a year ago.At present,the company has manufacturing plants in China,Venezuela and Kazakhstan,     

Reforms Kick-Start Growth

正Officials and economists confirm confidence in Q1 economic performance Last year,the Chinese economy recorded its slowest annual growth rate in a quarter of century at 6.9 percent.Although official statistics have not yet been released,the market,however,is optimistic about the economic status of the world’s second largest economy in the first quarter of 2016.     

Risks of U.S. Listings by China’s Companies

CHINA is the only one of the world’s three largest economies in which a significant number of its most important companies are listed on share markets outside direct regulatory control of their home country’s main fi nancial administration.Almost all major U.S.companies are listed in the U.S.The same applies in Japan.But many Chinese companies are listed in Hong Kong,part of China but with     

MARKET WATCH

The World Bank forecasts a rosy prospect for the Chinese economy,despite a moderate slowdown in growth.The real estate market continues to cool,with an increasing number of cities experiencing price declines.China’s state-owned enterprises face a bumpy road ahead,with their profits shrinking quickly.The shipping giant COSCO is swimming in red ink due to tepid demands and overcapacity.China is expected to replace the United States as the world’s top e-commerce market by 2015.     

All That Glitters

Designers will play a bigger role in forging China’s jewelry brands Diamonds are forever. So are gold, jade and gemstones. A fusion of beauty,craftsmanship and objects of timeless value,jewelry has always been sought after by those who can afford it. The demand for jewelry has soared in China,and the country is expected to be the world’s largest jewelry market by 2020,said statistics from the Ministry of Industry and     

Gas Trade for The Better

<正>Natural gas is key to securing China's energy supplies Securing energy imports is particularly important to the economic development and social stability of China,the world’s largest industrial nation and exporter,while natural gas is also the key product in the nation’s energy imports.In the global market,natural gas has become the fossil fuel with the fastest-growing demand since the 1980s,possessing twice the