China’s Soft Power:Room for Improvement

SINCE implementing its reform and opening-up policies in the late 1970s, China has gradually moved into the international spotlight to become the second biggest economy and exporter/importer. In 2001, China joined the WTO and became part of the global economy. Its international standing has grown, and its voice is heard more and more within the international community. But what about its soft power?The concept of "soft power" was first conceived by American thinker Joseph Samuel Nye, Jr.,     

Boosting Domestic Demand

<正>While setting the direction for China’s economic development in 2023,the Central Economic Work Conference will generate a far-reaching impact on the world economy as a whole. AT the Central Economic Work Conference held on December 15-16,2022,President Xi Jinping delivered a speech that recapped the Chinese economy in 2022 and charted its course for 2023.The conference was the first of this kind after the Communist Party of China convened its 20th national congress,and bore extra import...     

More Money,More Problems

The U.S. quantitative easing policy could have a negative impact on the world economy and repercussions for China By revving up its money-printing machines, the United States will try to shock its economy     

PROGRESS DESPITE PROBLEMS

China focuses on building a stronger financial system to support the real economy Compared with the progress and status of China's economy and trade, its financial system seems to be much less impressive and powerful. Many analysts regard it as a major vulnerability in China's economic development. The basic facts, however, underscore the success of the system and its global importance today: China has the second largest stock market and bond market in the world。     

SHOULDERING RESPONSIBILITY

<正>China emerges as a major contributor to global economy and governance From the macro perspective of economic size and growth speed,China is the world’s second largest economy,with its GDP growing 6.7 percent and reaching $11 tril ion last year.It contributed more than 34 percent to the world’s gross value added in     

MOVING FORWARD

In 2019 the world economy will see a recovery momentum while the Chinese economy will maintain its long-term development prospects with resilience and great potential.However,there are both external uncertainties and internal downward pressures.     

Navigating Growth Prospects

<正>Structural reform,innovation and international production capacity cooperation become China’s new economic engines Seven years after the outbreak of the global financial crisis in 2008,the global economy is not yet quite out of the woods and,overall,recovery remains sluggish and not sufficiently robust. As the second largest economy in the world,China has also bidden a farewell to seemingly miraculous runaway economic expansion and seen its growth pace level off at 7 percent in the first half of this     

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     

Go West: China’s New Future

The economic model based on exports and attracting foreign investments is called the small country model. When China became the world’s second biggest economy, its economic model began shifting to expand domestic demand and construct an open economy with internationalization at its core. Big changes started in 2012 when Chinese economic     

Making Room for the Private Sector

Private economy needs more support from the government Since the implementation of China’s reform and opening up, one of the country’s great achievements has been the rapid development of its private economy.In fact,     

Safeguarding Sustainable Growth

<正>The Chinese economy has continued growing steadily and rapidly, with its GDP growth reaching 9.6 percent in the first     

China Opens Innumerable Doors

Accurately analyzing and predicting China’s economic development has earned me a living and opened innumerable doors,for more than 20 years.It also brought the satisfaction of seeing individual interest and skills linked to the world’s biggest story-the growth of China’s economy and its"national revival."My relationship with China started unusually as I analyzed its economy for more than 20 years before I could make a visit The interest started in the 1980s when,for theoretical economic reasons,I concluded its economic     

BREAKING UP BANKING MONOPOLIES

正China needs to revitalize the real economy and free up capital for small businesses China is in the initial phase of a state-led financial reform, starting with its private economy powerhouse of Wenzhou     

Inside the Growth Engine

<正>China’s foreign trade is getting back on the fast track of growth, though uncertainties still hang over its prospects Boosted by the strong recovery of the domestic economy and mod-     

Debts and Downgrades

<正>An analysis of the context of the U.S. debt ceiling debate helps put the crisis into perspective The months-long debt ceiling debate in the United States has affected the global financial market,and its impact may further spread to the real economy and even change     

China＇s Private Economy：Challenges and Solutions：An Economy Matures

For the first three decades of the People＇s Republic, the Chinese economy consisted solely of state-owned or collectively owned enterprises.The emergence of private businesses following China＇s reform and opening-up in 1978 ushered in a private economy that has since grown to account for up to 50 percent of the country＇s GDP,70 percent of its jobs and 30-40 percent of its tax revenue.     

GIVE AND GROW

正The future of economic globalization looks bright with China at its core After 40 years of reform and opening up,China is playing the role of stabilizer and powerhouse of the global economy rather than a stabilizer of the East Asian economy as it was in the 1980s.The country's average annual contribu-     

Restructuning Economy in Accordance with Foreign Trade

Readjusting Economic Structure in Accordance with Export TradeSince its accession to the General Agreement on Tariffs and Trade (GATT) on November 20, 1982, Thailand has, on the basis of Generalized System of Preferences and Most-Favored-Nation (MFN), benefited from the multilateral trade system and entered the international market on more favorable conditions, so as to improve its trade environment and enhanced the development of its economy and trade.In 1983, the Gross Agricultural Products     

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:     

Double Imbalance

The government has been introducing a string of policies to stabilize the economy and cushion the impact of the global eco-nomic slowdown since October.These policies are generally deemed"timely"and"necessary,"but not a long-term cure for problems in China’s economy.Renowned economist Wu Jinglian says the country must address its"double imbalance"and further reform its economic growth mode.He made his comments at the First Annual Global Management Forum on December 6 in Shanghai.Excerptsf ollow: