Just Call Me ＂Three F Li＂

THEY used to call me Private Enterprise Li （Li Minying）, but I would rather be known as ＂Three F Li＂ （Li Sannong）. It was by accident that I became an economist. At the very beginning of China＇s economic reform, I presented the concept of transforming China＇s economy through shareholding, and suggested that the private sector and the state-owned sector enjoy equal status in the economy. As a participant in economic policymaking in China I have witnessed a lot of changes to the People＇s Republic.     

Memorable Times

Spending time with my friends in their home village of Mabao, Shanxi Province, has meant that I’ve been able to directly experience the significant benefits of two important aspects of Chinese thought. One aspect is the concept of ecological civilization, enshrined in China’s Constitution, and the other is the nation’s whole-process people’s democracy.     

TO-DO LIST FOR 2016

正In his Government Work Report delivered at the opening of the Fourth Session of the 12th National People’s Congress on March 5,Premier Li Keqiang said that China will face tough challenges in its development this year.He listed the following measures in the government’s ef-     

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:     

A Road to Free Trade

The concept of CAFTA dates back to the Fourth China-ASEAN Summit in November 2000. At the summit, ASEAN member nations raised concerns that China’s exports would be dramatically strengthened     

A Comprehensive Monetary Policy Framework

Since the Four Comprehensives concept was unveiled in December 2014,President Xi Jinping has continued to reiterate the theory on a number of occasions.The Four Comprehensives have been a topicon everyone’s lips during the annual sessions of China’s National People’s Congress and the National Committee of the Chinese People’s Political Consultative Conference in March. It shows a strong intention of Chinese leaders to design a new political framework that will shape the future of China not only in terms of political strategy, but with implications for monetary policy as well. This leads us to the relevance of the Four Comprehensives to G20 discussions-next year it will be China hosting the meetings,bringing global attention back to Beijing only shortly after last year’s APEC meetings.     

How Can China Learn From Disney’s Business Model?

正While Shanghai’s Disneyland has yet to open,the construction of Beijing’s Universal Studios theme park will soon begin—both targeting young people.Yet Li Xiusong,a member of the National Committee of the Chinese People’s Political Consultative Conference,said during this year’s session of the top political advisory body in March that China needs to build up its own"Disneyland"in order to counter the strong impact of Western     

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     

Nuclear Security Commitments

正The Fourth Nuclear Security Summit—to be held in Washington,D.C.from March31 to April 1—will be of particular importance with regards to the Democratic People’s Republic of Korea’s recent announcement that it will conduct a nuclear warhead explosion test and the fifth anniversary of the Fukushima nuclear power plant accident in March.President Xi Jinping will attend the summit and elaborate on the global nuclear security situation and China’s nuclear security concept.     

THE SMART WAY OF GROWTH

<正>China’s success lies in its new concept of development One of the most remarkable achievements China has made since the 18th CPC National Congress is in ecological preservation.The goal of pursuing ecological progress has been put into practice ever since it was included in the CPC Constitution f ive years ago.China’s investment in improving the ecological environment has doubled during the     

PEOPLE & POINTS

<正>TABLE TENNIS’NEW MATCH Li Sun has been appointed head coach of China’s national table tennis team.Li,59,started his sports career in 1977 and began coaching Team China in the 1990s. As a trainer,he has mentored Grand Slam winners Wang Nan,Zhang Yining and Li Xiaoxia.He has been head coach of the country’s women’s team since 2017.     

Getting to Grips With Mianzi

Understanding the concept of mianzi or "face" in China is imperative. It’s the mysterious language used at every social gathering or business meeting. The giving and receiving of face,in short,is what makes China "go round." It’s dangerously easy to     

Why China and the United States Can Avoid the Thucydides’ Trap

<正>Editor’s Note:During his recent state visit to the United States,President Xi Jinping dismissed fears that China and the United States might fall into the"Thucydides’trap,"a theory that claims China’s rapid rise would prompt it to challenge the leadership of the United States and the two may resort to war.In an editorial published by Xinhua News Agency in late September,Xinhua writer Li Zhihui cited 10 reasons why the two major powers can avoid the trap.Excerpts of the piece follow:     

Targets for 2018

正The First Session of the 13th National People’s Congress(NPC)opened in Beijing on March 5.On behalf of the State Council,Premier Li Keqiang delivered a report on the work of the government to the assembly,summarizing the government’s work over the past five years and laying out plans for2018.China’s GDP growth for this year has been set at 6.5 percent,a rate that refl ects the country’s demand for high-quality economic growth.     

Unseen Exams

正The visually impaired are struggling for equal access to university admission exams and education December 18,2013 was an important day not only for Li Jinsheng,a blind man in central China’s Henan Province,but also for all visually impaired people in the country who aspire to receive a university education.On that day,Li received a call from the Education Bureau of Henan’s Queshan County informing     

Human Rights in Civil Judicial Documents:Conception and Function

Traditional human rights theory tends to hold that human rights should be aimed at defending public authority and that the legal issue of human rights is a matter of public law. however,the development of human rights concepts and practices is not just confined to this. A textual search shows that the term “human rights”exists widely in China’s civil judicial documents. Among the 3,412civil judicial documents we researched, the concept of “human rights”penetrates all kinds of disputes in lawsuit...     

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.     

PEOPLE & POINTS

<正>NEW TAOIST LEADERLi Guangfu,previously Vice Chairman of the China Taoist Association(CTA),was elected the new CTA chairman during the association’s national congress in late June.Li was born in central China’s Hubei Province in 1955.He also headed the Taoist Association of Wudang Mountain in     

IN SESSION,INTO SERVICE

<正>What to expect when China’s national legislature convenes in March On February 6, Qin Yanbei, general manager of a private company, attended a special meeting in China’s capital where he met Premier Li Keqiang. Li chaired the seminar, soliciting opinions on the draft government work report, which reviews the government’s performance in 2022 and outlines priorities for the coming year.     

Mural,Mural on the Wall

<正> An inheritor of photocollography spends decades reproducing the Mogao murals In the summer of 1984,a train from Beijing,with then 27-year-old Li Dongfang on board,traveled over 2,000 km to Dunhuang,a city in Gansu Province in northwest China.B efore that,the farthest from home Li had ever been was the city of Tianjin—then a two-hour drive from China’s capital.When she finally arrived at her destination after days and nights of taxing travel,she was welcomed by a starlit sky that was un...