An Expo of Great Import

正The First China International Import Expo is poised to give a boost to global trade The world’s second largest economy,second largest importing country,and second largest country of consumption are all designations which testify to China’s transformation in the four decades since reform and opening up began.They will also set the tone for the First China International Import Expo(CIIE)in November this year.     

Contributing to the World

The Chinese economy achieved fast and steady growth again in 2010.Particularly impressive, China’s GDP surpassed Japan’s, ranking second in the world, in this year’s second quarter. We can be confident, to say the     

ECONOMY

<正>Adjusting to Slower Pace Growth in China is expected to decelerate to 7.1 percent in 2015 and 6.9 percentby 2017,reflecting a growth trajectory that is slower but more balanced and sustainable——a"new normal"for the world’s second largest economy—according to the World Bank’s China Economic Update released on July 1."In the short run,the slowdown in China’s economic growth means the     

Resurrected From the Past

<正>China has a new spot on the UNESCO World Heritage ListThree sites of the Tusi heritage—areas resided in by ethnic minorities in southwest and central China from the 13th century to the mid-20th century—were added to the list of the UNESCO World Heritage Sites in July,increasing the number of the country’s World Heritage Sites to 48,the second largest in the world following Italy.The three sites are Laosicheng Fortress in central China’s Hunan Province,Tangya Fortress in central China’s Hubei Province     

NUMBERS

<正>210 mln tons China’s crude oil output in 2014,up 0.7 percent year on year13.7%Growth of farmer’s per-capita income in northwest China’s Xinjiang Uygur Autonomous Region in2014$1 tln Estimated GDP of east China’s Jiangsu Province in 2014,becoming the second province in the country to join the tril ion-dol ar GDP club     

Chinese Enterprises on the Global Stage

China,the world’s second largest economy,has grown into a major player in outward investment.In 2015,the amount of China’s outward investment is expected to exceed that of its foreign investment in actual use.     

Staying on Target

正Chinese economic growth is still within an acceptable range and is expected to pick up in the third quarter China’s economic growth continues to slow as predicted. According tofigures from the National Bureau of Statistics (NBS), China’s GDP grew by 7.6 percent in the second quarter, 0.5 percentage points lower than the growth in the first     

HOT PROSPECTS

China’s Internet industry has developed rapidly over the past decade and looks set to continue its growth since the Internet first came to China in 1994,it has developed with over-whelming speed.In2003,Chinabecame the wor ld’s second larges tIn t e r ne…     

More Active Involvement

Statistics from China’s central bank,the People’s Bank of China(PBC),reveal China’s strong position as a global leader in green finance.According to the PBC data,by the end of 2020,China was number one globally in terms of green loans and second in terms of green bonds.The PBC data also showed the balance of China’s loans in the green energy sector had surpassed the combined balance of loans in the three high energy-consuming industries of iron and steel,coal,and nonferrous metals,a signifier that green finance in China is booming.     

Private Business Boosts China＇s Economic Development

正SINCE the policy of reform and opening-up in 1978,China has traveled a course of high-speed development on its way to becoming the economic power it is today.In 2013,as the world’s second largest economy,China not only ranked second in receiving foreign     

NUMBERS

<正>617.9 mln tons China’s grain output this year,the second highest in history1.12 tln yuan China’s yuan-denominated lending in November,according to the People’s Bank of China5 bln yuan Investment in a joint venture between Zotye and U.S.automaker Ford to make electric cars by September 2019,based in Jinhua,east China’s Zhejiang Province50,000Expected yearly output of electric trucks at a new production base of Chinese truck maker FAW Jiefang Automotive Co.Ltd.     

Rediscover Sino-EU Ties

正Chinese Premier Wen Jiabao’s attendance at the recent China-EU Summit in Brussels capped his vigorous efforts to nurture and advance Sino-EU relations.While the EU is China’s top trading partner and largest source of tech-nology imports, China has become the EU’s second largest trading partner.     

China Makes New Contributions to the World Economy

<正>Almost four decades after implementation of its reform and opening-up policy in the late 1970s,China has become the world’s second largest economy,second largest trading nation,largest exporter,second largest importer and second largest overseas investor.China certainly has the capabilities to create huge development opportunities for the world.China is making new contributions to global technological innovation.With a new round of industrial revolution coming,innovation has     

SOCIETY

<正>Dressing up to Celebrate Women of the Miao ethnic group prepare for the Chixin Festival,a traditional harvest celebration,in Paimo Village in Danzhai County,southwest China’s Guizhou Province,on October 30.Second Child In the first eight months of this year,more than half of China’s newborn babies were the second child in the family,according to a senior health official.     

Chengdu Can Do More multinationals invest heavily in the southwestern city

When Intel announced that it would invest $500 million to build a factory in Chengdu in 2003, most people in the industry outside China asked, "Where is Chengdu?" Now, Intel’s manufacturing base in the capital of southwest China’s Sichuan Province has become the company’s largest assembly and testing center. In May, the 1.3 billionth chip rolled off the production line. Nine chips per second are produced there.     

SLOWLY BUT SURELY

Despite more slumping growth in China, economic restructuring is progressing as plannedss For the past two years, China’s economy has slowed down. According to statistics released by the National Bureau of Statistics (NBS) on July 15, China’s gross domestic product (GDP) grewby7.6percentinthefirsthalfoftheyear. In the second quarter, the GDP growth was a mere 7.5 percent, the second lowest showing since the fourth quarter of 2010. But skeptics be warned: The slower growth doesn’t mean you can dismiss China’s economy just yet. NBS spokesman Sheng Laiyun says China’s economic     

Avoiding the Middle-Income Trap

<正>The news China surpassed Japan as the world’s second largest economy in 2010 has put China in the limelight. China’s per-capita GDP has reached $4,000, turning the country from a lower middle-income country to an upper middle-income country. But the economic growth model is still extensive and the income gap between the rich and the poor is widening.     

A Heavenly Palace

正China walks tall in space with the launch of a second lab,Tiangong-2 When the Chinese looked up at the sky to gaze at the Moon during the Mid-Autumn Festival on September15,they had one more thing to celebrate—the launch of Tiangong-2,literally meaning"heavenly palace"—China’s second space lab.     

Re-examining China＇s Economic Growth Momentum

正ACCORDING to the National Bureau of Statistics,China’s economic growth rates in the fi rst and second quarters of 2014 were 7.4 percent and7.5 percent respectively,lower than those of last year’s third and fourth quarters,which were 7.8 percent and 7.7 percent.Observers have started to question this economic trend:Is China headed for a recession?Judging by the growth rate,China’s economy does seem to be slowing down.But in fact,there is signifi cant sustaining potential and momentum behind the country’s economic growth,and factors like structural adjustment     

Strong Rebound Expected from China in 2023

<正>President Xi’s New Year address bolstered the nation’s confidence in its restored vibrancy and strengthened solidarity when forging ahead on the new journey toward China’s modernization.THE New Year arrived amid the gradual return of the world’s second largest economy to its pre-epidemic bustling normalcy.In bidding farewell to the eventful year of 2022,among its many memorable moments are some that will be forever etched in the people’s memory.