Blowing Hot and Cold

The seesawing of economic and political relations between China and Japan seems likely for the long haul International relations experts have made no secret of the fact that frosty political relations between China and Japan have begun to have an effect on their economic ties. Many even declare that economic cooperation has already started to atrophy     

Beijing Braves a Cold Cold Winter

BEIJING and its 16 million residents are entering an unusually chilly winter season – though the chill is more economic than climatic. Xie Jiangbo, an MBA student with the prestigious Guanghua School of Management at Peking University, knows that the big crowd of inter-national investment banks that courted alumni before him won’t appear this year, and he is     

China Seeks Economic Transformation——Consumption Coupons： New Attempt to Expand Domestic Demand

The financial crisis that started in the United States is spreading worldwide, and its impact on China＇s economy is increasing daily. Difficulties and problems that accumulated in China＇s long period of fast economic growth have gradually become apparent Both the Chinese government and enterprises are considering how to transform and upgrade China＇s economy through changing development mode and adjusting the industrial structure, while coping with the tinancial crisis. Therefore. guaranteeing economic growth, expanding domestic demand and making structural adjustments have become China ＇s important economic goals for 2009.     

A “Cold Winter” for Private Manufacturing Enterprises

MOST private Chinese enterprises are located in the country＇s southeast coastal region,including Jinjiang City in Fujian Province,Wenzhou City in Zhejiang Province and Dongguan City in Guangdong Province.These enterprises are mainly engaged in traditional labor-intensive manufacturing,such as footwear, garments,textiles,plastics,electronic components,and metal or non-metal products.However,in 2008 signs of a global economic slowdown have appeared.     

Fifty Years of Sino-Norwegian Cooperation——An Interview with Norwegian Ambassador

Geographical distance has not hindered friendly relations, ongoing for more than two centuries, between China and Norway. Norway recognized the People's Republic of China on January 7,1950 and diplomatic relations were established on October 5, 1954. In 1955, the two countries began to exchange ambassadors. Since then their political, economic and cultural cooperation has steadily advanced. The year 2004 marks the 50th anniversary of establishment of Sino-Norwegian diplomatic relations. In honor of the occasion, China Today spoke with Norwegian Ambassador Tor Chr. Hildan on bilateral trade and economic cooperation.     

Glorious Opportunities—Interview with Governor Huang Huahua of Guangdong

GUANGDONG Province's close connections with Hong Kong and Macao made it a national role model during China's economic reform and opening in the 1980s. More recently, in order to consolidate the three localities' overall strength and competitive power the province proposed and set in motion the Greater Pearl River Delta plan. In 2004 a     

New Developments in an Old Friendship——An Interview with Charles Madibo Wagidoso,Ambassador of the Republic of Uganda to China

CHINA has long had a close relationship with Africa, and in recent years economic and political ties have grown even stronger. Both the Chinese government and private enterprises have significant investments on the African continent. Last November a 20-member governmental delegation came to Beijing from the central-east African nation of Uganda, to talk to Chinese political and business leaders about fostering economic and cultural links between the two countries. Shortly after the delegation＇s visit, two China Today reporters met with the Ugandan Ambassador, Mr. Charles Madibo Wagidoso, to discuss what was achieved, the ambassador＇s impressions of China and the upcoming Beijing Olympics.     

China a Key Engine of Global Economic Growth

IT’S four years since the onset of the global financial crisis,and the extent to which the world economy stays afloat on China’s economic buoyancy has grown only more pronounced. The cyclical nature of China’s economic growth     

Ma‘anshan——Regional Economic Powerhouse

MA'ANSHAN, in eastern Anhui Province, is an iron and steel industry based city that has developed since the founding of new China. Ma'anshan is not one of Anhui's largest cities, as regards territory, population, and aggregate economy, yet its per capita major economic indexes have ranked first in the province for successive years. China's huge population dilutes per capita resources, so integrated and coordinated development of the regional economy is vital. Nanjing, capital city of neighboring Jiangsu Province, is just a 30-minute drive away, which has prompted Ma'anshan to take the initiative of merging into the Nanjing Megalopolis* and the Yangtze River Delta Economic Belt* (*see the reference box at the end of the article).     

The Chinese Way

Moderation, or "the doctrine of the mean," is the preferred Chinese practice. In order to stimulate the economy since its downturn seven years ago, the Chinese government has adopted a pro-active financial policy that will, in the wake of rapid economic growth, effect its economic soft landing. Since the beginning of 2005, the government has     

Domestic Reforms Unleash Development Dividend

The Chinese government has set the 2014 GDP target at around 7.5 percent on the basis of the current situation in the country, where China is purposely gearing down economic growth, while the overhauling of its economic struc- ture and earlier stimulus policies have just begun to show effect.     

Let the Market Play a Decisive Role

DEVELOPMENT is the key to solving China＇s problems... economic restructuring will be the central task, and reform of the economic system will provide a firm footing for making relations of production adaptable to productive forces, and the superstructure congruous with the economic base, promoting healthy, sustainable development of the society and economy.＂ Such statements made at the Third Plenary Session of the 18th CPC Central Committee signify the paramount importance the ruling party places on China＇s economic development.     

Time to Tolk of Slowdown

THE recent publication of America＇s second quarter GDP data, following that for China, makes it possible to accurately compare the recent performance of the world＇s two largest economies and the results are extremely striking. In the last year the slowdown in the U.S. economy has been far more serious than in China. Therefore while both economies are being adversely affected by current negative trends in the world economy, China is dealing with these much more successfully than the U.S. In light of media discussion about China＇s economic ＂slowdown＂ it is equally important that attention is paid to understanding why the U.S.＇s own economic slowdown is much worse than China＇s when confronted with similar global economic trends.     

Push and Pull： Opposing Forces on China＇s Growl

IN the second half of 2011,the European debt crisis spread further,sending shockwaves throughout the world and dragging down the global economic recovery. The world is turning its gaze from the U.S. with its sluggish economic recovery and Japan with its lasting depression to emerging economies like China and Brazil. The momentum of China’s economic growth will not only become the main concern of China’s major trade partners,but will also be a focus of world major transnational corporations’ attention.     

China Rightto Set Lower Growth Target

THE reduction of China’s 2012 growth target to 7.5 percent from the eight percent of recent years headlined the international media coverage of PremierWen Jiabao’s report to the National People’s Congress. The announcement was greeted with fallson international stock markets - simultaneously reflecting China’s economic weight and a misanalysis by international markets. But the lowered target,which is justified by the global economic situation,is only the tip of the iceberg of complex short- and long-term challenges China is facing in its economic policy.     

Waste Not Want Not

How China could lead the over-consuming West towards sustainable economic development CHINA can decide if the world moves towards sustainable economic development, according to a new report that warns rapidly growing Asian economies are using natural resources at a faster rate than pre-     

Sino-Japanese Economic Ties: Today and Tomorrow

CHINA and Japan are neighbors and should be ideal trading partners.However,historical factors and the recent disputes over the Diaoyu Islands have affected the economic relationship between the two countries.Should an economic war break out between the world’s second and third largest economies,who would prove the winner?     

山西省经济结构调整取得明显成效

Through 3 years of efforts in a new round of adjusting its economic struc-ture, Shanxi had, by the end of 2002, achieved the objective of seeing initial success in first three years. On July 7, the provincial Party committee and the provincial government jointly held a commendation ceremony to summarize the experiences, analyze the situation and tasks ahead, and set out the next steps in its economic restructuring pro-gram in order to ensure to attain marked achievement by 2005.Since the new …     

China and the Global Economic Crisis

AS the global economic meltdown triggered by the U.S. subprime lending mess enters its fourth year, signs of a full recovery are still nowhere to be seen. The Eurozone debt crisis rages on, further troubling the fragile world economy. Like the Great Depression of the 1930s, the current crisis is likely going through a cycle of contraction, stagnation and recovery. Unlike the Great Depression, however, which was primarily a secondary sector crisis, today’s economic     

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.