Green Economy Roadmaps UNEP-China Partnership

THE rise of China is gaining more momentum thanks to its increasing economic, political, and strategic weight in the AsiaPacific region, and its outstanding performance in a post-crisis global economy. With an average annual economic growth of 9.5 percent over the past two decades, China has remained the single largest contributor to global growth over the past few years. However, its economic thrust has come at high energy and environment costs： it is the second-largest energy consumer and one of the largest greenhouse gas emitters worldwide.     

To Build World-class Universities Calls for Restructuring Higher Education——An Interview with Zhu Yongxin,vice-chairman of the China Association for Promoting Democracy,and vice-president of The Chinese Society of Education

As of 2010,there are over 2,000 universities in China,and the gross enrollment rate reaches 26.5 percent.China needs to carefully deal with a series of problems existing in higher education before the country reaches targets set more than a dozen years ago to build a     

Qingdao Port:Seeking Chances in Challenges

AS China＇s second largest in terms of international trade, Qingdao Port has achieved growth against a backdrop of shrinking global markets. By the end of June, it had already handled over 157.57 million tons of freight and 5.09 million standard containers, an increase of five percent and two percent respectively over the previous year.     

Market Watch

On July 19, the National Bureau of Statistics unveiled the first half macroeconomic situa-tion for China. Strong GDP and investment growth, espe-cially the rising consumer price index (CPI), indicated signs of an overheating economy. But the release of sta-tistics calmed down stock investors and the mainland market declined 0.44 percent on that day. Insurance companies can now double their investments in the stock market, a move believed to help stabilize the mar-ket. The Chinese merger and acquisition (M&A) cases have grown in an effort to optimize industry structure. Meanwhile, as of August 1, taxes on resource products will be much higher. Battles between China and the United States over food issues further deepened as both countries banned certain food imports from the other, though it was noted that officials from both countries will meet in the coming months to discuss food safety.     

A REASONABLE RANGE

正Looking ahead after China’s stable economic growth in 2019 China realized sound and stable economic growth despite complicated internal and external changes in 2019, the 70 th anniversary of the founding of the People's Republic of China and a crucial year in the country's efforts to achieve the first Centenary     

SHINING PEARL

<正>Since China resumed the exercise of sovereignty over Hong Kong,also known as the Pearl of the Orient,in 1997,the special administrative region has enjoyed constant economic growth and rising international prestige.It maintains an important     

Voices

正"China has undergone some remarkable changes over the past 30 years.My wife can speak Chinese.She brought me to China in the 1980s,when the country had just kicked of its policies of opening-up and reform,and I immediately fell in love with the place.When I went back 30 years later,I was amazed at the velocity of its growth.In a country of such openness all are moving briskly towards a better future,"     

New Threat to World Economy

The aggregate amount of money and credit in the global economy has risen sharply over the past 30 years,with its growth rate and stock far exceeding that of the real economy or real assets of the world.This is the view of Xiang Songzuo,professor at the Huazhong University of Science and Technology,whose opinion was first published in a recent article in China Business News.Xiang said this situation is a real threat to the world economy.Excerpts of his article are reprinted below:     

Twin Hazards The battles against poverty and pollution are waged on the same front

FOR a long time the World Bank Group has been known for its unremitting efforts on poverty alleviation, but among its 127 active projects in China, over 80 percent address environmental concerns, including cfimate change. ＂The World Bank and China celebrate the 30th anniversary of the partnership this year. The relationship has changed over time of course. In the last five years, issues revolving around climate change and sustainable growth have been the focus,＂ Carter Brandon,     

NUMBERS

China is expected to see over 74 b illio n parcels in 2020,a growth of 18 percent year on year.Despite the short-term shrinking in business volumes during the Spring Festival holiday and the coronavims epidemic,the upbeat future outlook for the courier sector remains unchanged.     

Japan’s New Komeito Chief Natsuo Yamaguchi Visits China

As important neighbors for each other,China and Japan have cooperated in various fields over the past four decades since normalization of diplomatic relations and their cooperation seen unprecedented growth,greatly contributing to their mutual development.It is obvious to all the Chinese government remains committed to the policy of developing     

Reforms Prop up Growth

<正>China’s economy grew 6.9 percent in the first half of 2017.This figure somewhat reduces the worry that China’s economic slowdown will cast a shadow over the world economy.In the past two years,the rhetoric about the collapse of China’s economy has continued to resurge from time to time.However,the economic growth of the past one and a half years shows a steady and upbeat momentum.     

Community Care for Seniors

COUNTED as a separate country, China’s 200 million elderly (over 60), at one seventh of its total population, would be the fifth largest in the world. China has seen the world’s fastest growing population of over 60s since 1980, with an annual increase of 3 percent. The number of octogenarians and above has been growing even faster, registering yearly growth of 5.4 percent. But herein lies a problem.     

How Should Financial Reform Serve the Real Economy?

正During the 13th Five-Year Plan(2016-20)period,China must improve the efficiency of the financial sector in serving the real economy.Following this principle,five major tasks should be undertaken,which include improving the financial environment to achieve higher efficiency in resource allocation,supporting innovation and business startups,facilitating the role of investment in stimulating growth,and developing a system of diversified financial institutions.     

Reconsidering the Role of Real Estate

正China’s real estate market is in a stage of cyclical adjustment.Data from the National Bureau of Statistics show that in April,secondhand housing prices in 22 of the country’s 70large and medium-sized cities dropped from the previous month,and newly built housing prices in eight of the 70 cities declined over those of a month ago.In the last several years,the country’s real estate industry has developed very rapidly,pushing up overall economic growth.However,     

INTERNET ADVERTISING AT A GLANCE

Shanghai-based Internet analysis and consulting company iResearch released its China Advertising Online Research Report 2005 in March. The report indicates that the market value of online advertising in China reached 3.13 billion yuan in 2005, up 77.1 percent over the previous year. The market observer predicts a 48 percent growth to 4.6 billion yuan for 2006.     

Rural China Key to Building a Harmonious Society

CHINA's rapid and sustained economic growth since implemen- tation of the reform and opening policy in 1978 may be gratify- ing, but is nonetheless at the root of the central government's emphasis over the past year on maintaining social stability. In his address to a high-level seminar at the Party School held in Beijing in February 2005, General Secretary of the Communist Party of China, President Hu Jintao, stated that "... building a harmonious society" would enable "... all citizens…     

Quality vis-à-vis Velocity of Economic Growth

SINCE China embarked on reform and opening-up in the late 1970s,and especially since its entry into the market economy in the 1990s,the country has considered the magnitude and extent of GDP growth as main parameters of its economic development.In macroeconomic terms,gross GDP and GDP growth are of great national significance,especially to a developing country. A large,briskly expanding GDP means more jobs,higher incomes and better livelihoods for all. Once a state’s economy surpasses subsistence level,however,its people expect to enjoy a better quality of life,more wholesome     

Big Plus Factor

The growth rate of the Chinese economy will be close to 9 percent or even higher, predicts Fan Gang, Director of the National Economic Research Institute. Speaking at a forum in Beijing last December, he also offers suggestions on how China can take advantage of the rapid growth to adjust its industrial mix and ensure a high employment rate.     

Vroom Vroom! Foton Revs Up Its World Strategy

STATISTICS from the China Association of Automobile In- dustry show that in 2009 China produced 13.791 million vehicles, an increase of 48.3 percent over the previous year; over 13.644 million vehicles were sold, representing 46.2 percent year-on-year growth.