China- the World＇s Trade Locomotive

CHINA has overtaken the United States to become the world＇s largest goods trading na- tion. Indeed, since the beginning of the inter- national financial crisis, increases in China＇sforeign trade have been larger than those of the Unit- ed States, EU and Japan combined.     

Small Loans, Mighty Impact

WENZHOU has cultivated the most vibrant private capital market in China, estimated conservatively at RMB 342 billion by the Wenzhou Branch of the People＇s Bank of China, or a steeply higher RMB 600 million by other experts. China＇s Banking Regulatory Commission published Advice on Experiments with Small Loan Companies in May of 2008, clarifying the nature of these financial entities and setting rules for their operation. It is widely believed this is a move by the state to give private capital its long awaited legitimacy. So far eight small loan companies have been established in the city, all closely watched by the financial sector of the nation.     

China to Accelerate Building of Free Trade Areas

PROTECTIONIST sentiment has been on the rise worldwide ever since the last financial crisis. By erecting barriers that stymie the flow of goods and services between nations, protectionist policies actually exacerbate economic misfortune - exactly what the world doesn＇t need right now. Inter-bloc trade frictions have also become more apparent in the last five years. One response China has taken when faced with this reality has been to push for greater regional cooperation in the form of bilateral free trade agreements. Bilateral trade relationships are more easily managed and are a reliable means of consolidat- ing the achievements of the liberalized global trade environment, enhancing eco- nomic development and providing economic security to the parties involved. The world has entered a third wave of post-World War II global free trade development. As a consistent promoter of global free trade, China is putting much energy into building free trade areas. Recent achievements epitomize these efforts.     

nvestment in Africa on the Up

ERNST ＆ Young＇s 2013 Africa Attractiveness survey showed that Africa＇s share of global foreign direct investment （FDI） has risen from 3.2 percent five years ago to 5.6 percent. FDI flowing from emerging markets into Africa outpaced that from developed markets in 2019. These investments strongly promote the development of Africa＇s GDP, skills, poverty reduction and equality, and China contributes a huge share of them. The Kenyan media have praised Chinese investment and trade as an historic opportunity for Africa.     

RMB Exchange Rate Reform Cannot Save the World Economy

China＇s central bank released a statement on June 19 outlining further reforms to the RMB exchange policy, ones designed to enhance its flexibility. Public opinion holds that the Yuan is on a track of unstoppable and rapid appreciation, a development that will benefit some countries, namely those with massive trade deficits, financial imbalances and unemployment. But Chinese scholars claim that Western expectations that Yuan appreciation alone will save the world economy is unrealistic.     

Moving to the Interior:Industries Relocate West

THROUGH all the years he has held his post, Wang Ji has been on a never-ending hunt for potential investors.As chief of the Domestic Investment Promotion Department at the Xi＇an Hi-tech Industrial Park in Shaanxi Province, he has long struggled to attract investors from China＇s developed east. Recently, however, he has sensed a change in the wind as a growing number of corporations have started approaching him. During the 13th China East-West Cooperation and Investment Trade Fair last April, he secured a record RMB 24.1 billion in investment deals.     

3G in Growth Spurt

The Ministry of Industry and Information Technology （MIIT） said China＇s 3G users surpassed 20 million by May, and are expected to reach 150 million by the end of next year. The recent MIIT report shows that by the first quarter of 2010, the China Mobile TD network had covered at least 238 cities, while rivals China Unicorn and China Telecom have built 335 and 342 WCDMA networks respectively. In all, China＇s 3G base-stations have reached over 367,000. Meanwhile, the prices of 3G mobile phones have declined dramatically. Prices vary from RMB 3,000 to RMB 1,000, almost at par with 2G mobile phones. The commercial use of 3G mobile service in China went into its trial phase in April 2008.     

Chinese Economy:On the Path of Scientific Development

SINCE its entry into the WTO at the end of 2001, China has merged with the world economy and has seen rapid economic growth. By the end of 2011, China’s GDP went up from RMB 11 trillion to RMB 47.2 trillion, with an average annual growth of 10.4 percent over the past decade. As a result,     

Historic Achievements in Developing Human Resources and Social Security

Guided by the state policy of reform and opening to the outside world, the Chinese Government has, by dint of hard work over the past three decades, by and large accomplished the task of building up a human resources and social security system. Good enough to serve China＇s goal of developing a socialist market economy, this system has contributed to the national endeavor to ensure and improve people＇s livelihood and to safeguard the stability of the reform-and-opening undertakings.     

Chongzuo：A Frontier City at the Forefront of Development

WHILE China＇s eastern seaboard has been experiencing rapid development for close to two decades, the Chinese government has recently been taking steps to try and foster similar progress in other parts of the country. Chongzuo City, near Vietnam in China＇s far south, is an example of a previously obscure area that has started to undergo the kind of dazzling changes that cities like Guangzhou, Shanghai and Beijing have been experiencing for many years.     

China-Africa Cooperation More Diversified

THE recently issued govern- ment white paper on China- Africa economic and trade cooperation, the second on the topic published since 2OLO, un- derlines the latest achievements of the mutually beneficial cooperation be- tween China and African countries. It shows that in 2012, the total volume of China-Africa trade reached a new high of US $198.49 billion, a year-on- year growth of 19.3 percent. China＇s exports to and imports from Africa also surpassed previous years＇ figures, indicating a growing momentum in this area despite the slow global eco- nomic recovery.     

Bright Prospects for China-South Korea FTA

正DURING President Xi Jinping’s state visit to the ROK in July,China and South Korea pledged to conclude negotiations on a free trade agreement(FTA)before the end of this year.Since China and South Korea established diplomatic relations 22years ago,trade between the two countries has grown at an average yearly rate of 23 percent.In 2012,bilateral trade reached a new high of US$256.3 billion.     

Gas Pipeline to Be Tripled by 2015

China＇s Growth Enterprises Board, often called ＂China＇s Nasdaq-style second board market＂ has become a production line for the country＇s new rich. Nearly 500 CEOs and managers have joined the RMB 100 million （US $15 million） club since Initial Public Offering （IPO） of their startup companies were listed on the second board on the Shenzhen Stock Exchange in the past year.     

The Price Goes Up and Up

Global grain price hikes challenge China’s grain trade policies The rising cost of grain in the international market has forced China to take action to stabilize prices. On August 13, the Department of Pricing of the National Development and Reform Commission (NDRC) ordered top grain and edible oil producers to establish a report-     

The Mini Decline Will Rebound

正More stable growth in foreign trade is on the cards Despite a year-on-year decline of 0.9percent in 2016,China has performed satisfactorily in trade in the first two months of this year,casting a hopeful light on the country’s foreign trade prospects for2017.According to statistics from the General Administration of Customs,the total value of China’s imports and exports amounted to3.89 trillion yuan($564.9 billion)in the first two months of 2017,up 20.6 percent year     

促进新农村文化建设 切实保障农民文化权益

Since the founding of New China in 1949, according to the Constitution of the People＇s Republic of China, the central government has made it a basic state policy to help ethnic minorities-inhabited border areas with their political, economic and cultural development, and to lead all the ethnic groups of China onto the road to common prosperity.     

CHINA’S ADVANCES IN SCIENCE AND TECHNOLOGY

Disasters over the past decade, like the pandemic SARS outbreak in 2003, the massive Wenchuan Earthquake in 2008 and the recent world nancial turmoil notwithstanding, China’s GDP has made a remarkable leap, soaring from RMB 12 trillion in 2002 to RMB 50.95 trillion in 2012. Steady scaling up of science and technology research and development has helped propel the country’s rapid economic development, having contributed 51. 7 percent to economic growth     

The China Dream： A Dream of Human Rights for the Chinese People

This year, nothing has sparked so much interest both at home and abroad as the ＂China Dream＂ concept initiated by Xi Jinping, president of the People＇s Republic of China and general secretary of the Central Committee of the Communist Party of China （CPC）. It not only represents a dream of national rejuvenation, prosperity and the people＇s well- being that has been pursued from generation to generation in China, but also a dream of human rights for which the Chinese people have long strived.     

Migration for Prosperity： Human Rights Theory and Practice Reflected in the Whole-village Relocation of Ethnic Minorities in Lincang,Yunnan Province

Since 2003, the Municipality of Lincang in China＇s Yunnan Province has launched a whole-village relocation project, which has un- precedentedly changed the living conditions of tens of thousands of ethnic minority people and greatly improved their cultural life. Lincang＇s practice is an effec- tive response to Article 13.1 of the Universal Declaration of Human Rights, which states： ＂Everyone has the right to freedom of movement and residence within the borders of each State.＂ It has thus enriched the theory of the right to free migration.