Declaration of Rights Upholding Humanistic Concerns

正March 15,2017,is bound to be viewed as an important day in the history of law in China,as it was on this day that the General Provisions of the Civil Law of the People’s Republic of China(hereinafter referred to as General Provisions of the Civil Law)were adopted at the fifth Session of the Twelfth National People’s Congress of     

Taming Financial Cycles Carefully

<正>While the markets debate China’s latest round of economic growth,national regulators are focusing on an equally important factor in the economy—financial cycles.In its latest quarterly monetary policy implementation report,the People’s Bank of China(PBOC),the nation’s central bank,devoted a special column to this concept,describing it as an"increasingly significant issue"that should be handled with macroprudential approaches to prevent systemic     

China Can Maintain Its Economic Growth

正EARLIER this year sections of the Western media tried to spin a story that the world economy was experiencing"severe slowdown in China"and"strong recovery in the U.S."In other words,China’s economy was allegedly in trouble and the U.S.was doing well.Now that the factual data is in for the fi rst half of the year it shows the opposite was true.China’s economic growth was 7.5 percent to the second quarter of 2014;that of the U.S.was 2.4 percent.China’s economy thus grew more than three times as fast as the U.S.’s.Still more signifi cantly for the U.S.,its own statistical agencies and the IMF have offi cially revised their projections for long-term U.S.growth.Both now estimate it at     

LETTERS

正I would like to thank you for publishing my letter in your issue of Janu-ary 2014.It sent an excellent message about the good international relations not only between China Today and myself,but also between thePeople’s Republic of China and the Republic of Rwanda in particular,andthe African continent as a whole.I wish to express my appreciation for the series of career articles by Robert Parkinson,CEO and founder of RMG Selection.I would,there-fore,like to take this opportunity to suggest that China Today considers publishing job announcements in every issue.I am convinced that this would increase the magazine’s readership exponentially and readers would benefi t from the opportunity to seek new jobs,get new jobs and     

China and Europe Join Hands in Meeting Challenges

April and May of this year saw China’s state leaders make visit after visit toEuropean countries, sending a clear message that China sees the continent as animportant entity in today’s     

The Latin Lineup Strengthening cooperation brings opportunities for China and Latin American countries

Distance is no longer a barrier to improving relations between countries. China and Latin American nations now have an opportunity to cooperate in a wider scope. Chinese President Xi Jinping’s recent trip to Latin America presented an ideal moment to enhance China’s relationships with countries in the region. Observers believe that this visit will create momen-tum for the development of China-Latin America relations.     

MARKET WATCH

OPINION The Nature and Risks of China’s Shadow Banking In the next five years,the top risk to China’s financial market is the country’s shadow banking system,as Xiao Gang,President of Bank of China,recently predicted in an article.Xiao believed that quite a few financial products released by Chinese commercial banks are     

Sowing the Seeds of New China

<正>The revolution that ended the rule of the autocratic monarchy in China 100 years ago continues to inspire people to rejuvenate the nation The 1911 Revolution,also known as the Xinhai Revolution, is an important milestone in China’s history.     

China in Face of the West＇s ＂Great Stagnation＂

IN face of the West’s "Great Stagnation," developing economies will foster greater integration with China, thus lifting China’s overall influence in the world. As G20 leaders met in Cannes, they faced an economic situation in the developed economies best summed up by Goldman Sachs, the company that coined the term "BRIC," as the "Great Stagnation." Until recently developments following     

Vice Premier Huang Ju Meets with Mr. William Rhodes, Vice Chairman of Citigroup U.S.

Vice Premier Huang Ju spoke highly of the work Citigroup had done to promote cooperation in capital market and financial institutions be- tween the two countries, say- ing that as a friend of China, Mr. Rhodes has put forward many valuable suggestions on China’s economic development and financial reform. He hoped that this friendly relationship could be kept in the future. He also advised Mr. Rhodes to get more information from and ex- change views with the People’s Bank of China, the B…     

Indefinable Wang Jianwei

正"People are aware that artistically between the 1950s and the early 1980s China was closed to the outside world,but realistically,we were also closed internally."STANDING in the middle of Wang Jianwei’s main studio,an expansive 6,000-square-foot room with an arched ceiling that brings the structure to well over two stories in height,I feel as if I’m on the set of a science fiction movie.I’m surrounded by several molded white plastic     

Rebirth of Old Industrial Bases in Northeast China

ON a world map we can see the outline of China like a rooster crowing at dawn; and Northeast China refers to the rooster’s head. Covering an area of about 810,000 square kilometers, it is slightly larger than Chile and twice size of Paraguay. The region’s population exceeds 100 million, almost equal to that of Mexico, a country that ranks 11th in the world by population.Traveling about 300 kilometers towards northeast from Beijing we arrive at the Shanhaiguan Pass, which is commonly recognized as the eastern end of the Great Wall, as well as the strategic passage between North China and Northeast China.     

SOCIETY

正Skill Challenge Pupils at the Anshandao Primary School in north China’s Tianjin Municipality assemble robots at an event to celebrate the International Children’s Day that fell on June 1.ST Targets President Xi Jinping set the target of China becoming a leading power in science and technology(ST)by the middle of this century when he addressed a major ST conference     

ALL ROADS LEAD TO ASIA

<正>The Boao Forum for Asia(BFA)Annual Conference 2017 was convened in Boao,south China’s Hainan Province,from March 23 to 26,attracting much global attention with Asian countries’rising contributions to global growth.In an interview with Boao Review,the forum’s official publication,Zhou Wenzhong,Secretary General of the BFA,explained the theme of this year’s conference,the role that Asian countries—China in particular—will play in promoting globalization and the challenges they’ll face.The following is an edited excerpt of the interview:     

Bilateral Relations Intac Amid Debt Issues

正The international community is ablaze with questions as the economic situation deteriorates in Venezuela.Will the country default on its debts?What will China—one of Venezuela’s top creditors—do in the face of this dilemma?China has already consulted with Venezuela on its debt issues.While it’s natural for the former to be worried about the latter’s problems,reaching the conclusion that these issues will twist the relationship between the two countries is a stretch.     

An Illegal 'Pioneering' Day

On December 17,2010,the city assembly of Ishigaki,in Japan’s Okinawa Prefecture,designated January 14 as the "pioneering" day of the "Senkaku Islands," known as the Diaoyu Islands in China. China’s People’s Daily recently published an article condemning the announcement based on historical documents. Edited excerpts follow:     

Calming Stormy Waters

Tom Nagorski, Executive Vice President of the New York-headquartered Asia Society and former Foreign Editor for World News Tonight, a daily evening television news program of the U.S.-based ABC News, moderated a recent discussion at the society caled, The South China Sea: A View From Beijing. To get an insider’s perspective on this divisive issue,Nagorski interviewed Li Zhaoxing,President of the China Public Diplomacy Association and former Chairman of the Foreign Affairs Committee of the National People’s Congress of China.Li asserted China’s historical right to the area as a"continuous,peaceful jurisdiction over these islands,"adding that the last thing China wants to see is turmoil or even war in "our neighborhood." Li is also confdent that a peaceful resolution to the disputes can be achieved.An edited version of the interview folows:     

Craze for Civil Servant Posts Cools Down

正The civil servant examination is seen as the most popular examination among job hunters in China.However,statistics show that in Beijing,Shanghai and provinces like Zhejiang and Guangdong,the number of applicants for the examination has been on the decline.In east China’s Zhejiang Province,which enjoys the most developed private economy in the country,227,000 sat the exam this year,a significant drop compared to last year’s360,000.     

Translating Chinese Literature: Cross-Cultural Communication

<正>Chinese literary works have become an important window for foreigners to understand Chinese culture.In bridging the gap,translators,as messengers of cultural exchanges between China and foreign countries,play an important role.A senior translator and interpreter,Huang Youyi has witnessed and experienced extraordinary changes in China’s translation industry over the past four decadesand continues to serve as a leading figure in this profession.     

XCMG： Globalizing China＇s Manufacturing Industry

正SUCCESS in the manufacturing industry demands as much hard work as farmers need to grow rice–they sow the seeds one by one and reap the harvest one by one.Despite its cautionary tone,this well-known metaphor in industry circles has never shaken the resolve of the managers of Xuzhou Construction Machinery Group(XCMG),a respected pioneer of China’s manufacturing industry.Wang Min,chairman of XCMG,said that China’s equipment manufacturing industry would not be as successful as it is today without the people at its helm who stick to