Overseas Reaction to China-made Small Commodities

ON September 16, 2004, a warehouse full of stock for a Chinese shoe shopping center in Elche, Spain was completely burnt down, causing 1 million euros worth of damage. From March 12 to 16, 2005, 114 containers of Wenzhou-pro-duced shoes worth more than RMB 100 million (US $12 million) were confis-     

Hekou-Gateway to Southeast Asia

ONE of the 12 busiest ports on the Sino-Vietnamese border, Hekou saw its total import/export volume leap a stunning 126 percent in the first quarter of this year, compared with the same period in 2004. The total figure stood at an impressive RMB 913.27 million (approximately US $11 million). Hekou Yao Autonomous County in southern Yunnan stands out from other Chinese counties. Covering an area of     

Album of Classical Landscape Paintings

Name and Specifications: Album of Classical Landscape Paintings by Wang Jian of the Qing Dynasty (10 Pages). Format: 28.8 cm x 21,3 cmMarket Value: Its pre-sale estimate having been fixed at 1.4-1.8 million yuan (US $160,000-200,000), the album actually sold for an incredible 12.65 million yuan (US $1.52 million) at the China Guardian Auctions Company autumn 2004 auction.Wangjian and His Paintings: Wangjian (1598-1677) was a renowned painter of the early Qing Dynasty. Having passed the imperial examinations at provincial level in 1633, the Ming imperial court appointed him prefect of Lianzhou. When Qing     

Old Home of the Most Venerated of Calligraphers

IN recent years,ancient calligraphic works havefetched millions at auction,most notably in 2003 whenthe Shanghai MuseumPurchased ChunhuaPavilion Rubbings of Model     

Valuable Lessons from Tibet's Fight Against Poverty

IN 1951,when Tibet was peacefully liberated,the poverty rate in the region was as high as 80 percent.In the following decades,the Chinese government carried out a comprehensive anti-poverty campaign in Tibet,leading to a steady decrease in the number of poor people in the region.The figure fell to 26 percent of local population in 2012,with 600,000 people still living in extreme poverty at that time. Since 2012,the Chinese government has given top priority to targeted poverty alleviation by constantly exploring innovative approaches.At the end of 2019,the government of Tibet Autonomous Region an-nounced that 628,000 people in 74 counties of the region had been lifted out of poverty,and their per capita net income had increased from RMB 1,499 (US$229) in 2015 to RMB 9,328 (US $1,426) in 2019.     

MARKET WATCH

TO THE POINT: Lenovo Group, one of the world's largest computer producers, reported the biggest loss in its history, up to $226 million. But its executives claimed the PC maker is shifting into high gear and hopes for a domestic IPO in the near future. Coincidental^, the mainland secu- rities watchdog decided to reopen the IPO gate for companies after an eight-month hiatus due to the global credit crunch. Hainan Airlines successfully secured a 3-billion-yuan ($439 million) cash injection to boost its capita...     

China's Economic Advance Gives Hope to the Developing World

C HINA'S economic progress since the com-mencement of its reform and opening-up in 1978 gives hope to every developing nation that if China can do it,so can we.A 2019 report by Switzerland-based financial servic-es company Credit Suisse Group said that China was this century's champion in wealth creation and the figures it cites are truly amazing.Having successfully cushioned the impact of the global financial crisis of 2008-2009,unlike so many other nations,China has seen total household wealth rise from US $3.7 trillion in 2000 to US $63.8 tril-lion in 2018,an exponential 17-fold increment.     

Dodging Responsibility Leads to Crisis

正More than 3.5 million people find themselves currently displaced from Afghanistan due to the deteriorating security situation in the country,according to UN High Commissioner for Refugees (UNHCR) Filippo Grandi.Significant movements across borders are not yet taking place.     

Picasso on Show in Shanghai

A staff member of the National Picasso Museum of France checks one of the great Spanish artist Pablo Picasso’s works at the China Pavilion inside the site of the 2010 World Expo in Shanghai on October 12.Sixty-two priceless paintings and statues selected from the works of the renowned artist have been brought to the pavilion for an upcoming exhibition to premiere on October 18.Besides these representative masterpieces,50 valuable photographs showing the artist’s whole life will also be presented.The exhibition’s estimated value is 678 million euros ($934 million).It will be held until January 10,2012.     

Bellwether of Growth

正International event in Xiamen to boost two-way investment,trade and cooperation The Asia Plaza, a residential and commercial building in the Manila Bay Area of the Philippines, is one of the offshoots of the country's participation in the China International Fair for Investment and Trade(CIFIT) last year. With an estimated investment of $77 million, the project started construction in June, introducing 200 new jobs, according to the Philippine News Agency.     

SHARING THE PIE IN THE SKY

正Space industry players urge cooperation for global and generational benefitsSince Soviet Union astronaut Yuri Gagarin became the first person to fly in space in 1961, the exploration of the universe has changed stupendously. In 2001, Dennis Tito, a U.S. billionaire, reportedly paid $20 million for an eight-day trip in space, becoming the world's first space tourist.Although the price of a sevento-nine-day space trip has since jumped to $57 million, the global space travel market still has a huge demand, Wu Ji, a researcher with the National Space Science Center of the Chinese Academy of Sciences, said at a workshop on China-U.S. commercial space dialogue during the China Space Conference held in east China's city Nanjing on April 25.     

Unbelievable,Unforgettable

When the word "battle," or any other war-affiliated term, pops up in a movie title, you're usually in for an action-packed, loud, at times cruel, but ever-grand spectacle: Dunkirk, Pearl Harbor, Hacksaw Ridge, Enemy at the Gates. Yet there's more to it than meets the eye. Three prestigious directors-Chen Kaige, Hark Tsui and Dante Lam-are behind the 176-minute-long war epic The Battle at Lake Changjin, shot with the help of an unprecedented 70,000 extras and China's largest-ever production budget of $200 million, that follows the Chinese People's Volunteers (CPV) who joined the battle at Lake Changjin, or Chosin Reservoir, in the northeast of the Korean Peninsula during the War to Resist U.S. Aggression and Aid Korea (1950-53).     

2008 Beijing Olympiad： Profit or Loss？

The Los Angeles Olympic Games brought hope to other host applicant countries, but the Athens Olympic Games ended in loss after the host country spent 10 billion euros. This understandably makes the next Olympic Games host feel a little uneasy.     

A Leisurely Holiday

正Tourism industry shows new trends during National Day holiday China's tourism industry showed strong momentum during the National Day holiday, which lasted from October 1 to 7. According to the Ministry of Culture and Tourism(MCT), the country's tourism revenue reached 389 billion yuan($60 billion) during the period, 59.9 percent of that over the same period in 2019,     

A Due Regard for Multilateralism

A World Trade Organization (WTO) arbitrator on January 26 ruled on the case of the United States—Countervailing Duty Measures on Certain Products From China, determining that China may impose trade retaliations against the U.S. with respect to trade in goods in the amount of$645 million annually given the U.S. failure to comply with a WTO ruling in force. China now urges the U.S. to take immediate action to right its wrongs in trade remedy investigations targeting China.     

MARKET WATCH

Chinese service outsourcing providers defy the eco-nomic downturn to put their resources into high gear.Private sector investments are also on the rise,boding well for a longer-term upturn in the broader economy.Restructuring in the steel-making industry abounds as the Shandong Iron and Steel Group agree to merge with the Rizhao Steel Holding Group Co.Ltd.The Ministry of Finance is set to float 6 billion yuan($878 million) of renminbi sovereign bonds in Hong Kong to push forward internationalization of the ...     

Planning for Disaster

正Increased adoption of catastrophe insurance brings greater protection to communities The unprecedented July rainstorm that swamped Zhengzhou, capital city of Henan Province, has highlighted the role of catastrophe insurance in compensating losses caused by serious natural disasters.     

Huawei Repays Its African Community

In 2010 there were 18 Chinese companies operating in Cameroon, and the trade volume between the two countries was over US $1 billion. In August 2011, I visited the Cameroon branch of Huawei Technologies Co., Ltd., a major equipment supplier for Cameroon's telecommunication market, to learn about its success, contributions to local development, and integration into local society.     

BOOK REVIEWS

IDENTIFYING AND TREATING YOUTH WHO SEXUALLY OFFEND: CURRENT APPROACHES, TECHNIQUES, AND RESEARCH. Geffner, R., Crumpton Franey, K., Geffner Arnold, T., & Falconer, R. (Eds.). (2004). Binghamton, NY: The Haworth Maltreatment & Trauma Press. 339 pp., $59.95 hb, $39.95 pb. ISBN 0-7890-2786-0. Reviewed by Barbara Thomlison

CULTURAL AWARENESS, SENSITIVITY & COMPETENCE. Winkelman, Michael (2005). IA: Eddie Bowers Publishing. 284 pp., $56.95 pb. ISBN-1-57879-064-6. Reviewed by Colita Nichols Fairfax     

美国利率上调及我国经济对策选择

美元利率连续调整,将对我国人民币汇率和利率产生影响.为适应美元利率的调整,人民币汇率和利率也应作出相应的调整.但人民币汇率的调整弊大于利,因此,我们的最佳选择是相应地逐步上调人民币利率.