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Across the business community there’s a recognition that we need to talk about trade in a more sophisticated way-that global value chains can’t be boiled down to three words ’Made in China’ or ’Made in America,     

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"China should withstand economic downward pressure in 2015,maintain strategic focus and continue to pursue a proactive fiscal policy and a prudent monetary policy.China will also put more emphasis on anticipatory adjustment and fine-tuning,and do an even better job at targeted macroregulation to stabilize economic growth and raise     

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Bo Shusong： Avoid Overly Relaxed Credit Availability;Yuan Longping： 1.8 Billion rnuof Farmland Hard to Maintain;Ji Baocheng： Universities Shouldn＇t Get Side Tracked.     

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Zhang Xiaoqiang： China and the US to Improve Economic Growth Modes
China and the United States have reached an agreement that each will modify its current economic growth mode in the course of the economic recovery. This was revealed by Zhang Xiaoqiang, vice minister of the National Development and Reform Commission, at a briefing on the China-US Strategic and Economic Dialogue that got underway July 27 in Washington, D.C.     

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State Council：Curbing Overcapacity in Certain Industries Necessary
Premier Wen Jiabao presided over an executive meeting of the State Council on August 26 to curb overcapacity and redundant construction, and guide the healthy development of industries. To cope with the impact of the international financial crisis, the state has formulated a plan for critical industrial adjustments and revival, and released a series of policies and measures to boost structural adjustment,     

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Yao Jingyuan： China Ensures A GDP Growth of Eight Percent in 2009
According to Yao Jingyuan, chief economist with the National Bureau of Statistics, China wilt be able to achieve its target of 8 percent growth in gross domestic product （GDP） this year, though difficulties lie ahead. He said the country＇s economy demonstrates better recovery than in the U.S., Japan, Europe and other members of the BRIC group, which includes Brazil, Russia, India and China.     

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Liu Mingkang： Financial Sector Reforms to Continue,Zeng Liying： Grain Prices to Remain Stable     

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正"My current visit to Egypt,on the instructions of President Xi Jinping,is to show China’s i rm support for the Egyptian government and people,and to express China’s sincere desire to deepen mutually benei cial cooperation between China and Egypt,"said Chinese Foreign Minister Wang Yi at a meeting with President Abdel Fattah al-Sisi of Egypt at the Presidential Palace in Cairo on August 3.Before the talk he conveyed President Xi’s message to President Sisi.Wang Yi added that     

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正"Developing countries need to take the primary responsibility for national development.At the same time,the international community should help developing countries to build capacity,put in place a fair,equitable,inclusive and well-organized international economic and i nancial order and enable developing countries to make full use of their resources endowment,take an active part in the global value chain and cultivate a competitive edge in the course of opening-up so that they will benei t from globalization."     

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Zhou Xiaochuan:Stock and Housing Bubbles Should Be Discussed Zhou Xiaochuan, the governor of the People’s Bank of China, the country’s central bank, says China’s nancial sys-tem faces the problem of excess     

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Chen Zhu:TCM May Influence Medical Models The new minister of public health Chen Zhu says that traditional Chinese medicine (TCM) may have a big impact on the fu- ture of medicine generally.The differences between TCM and Western medicine are similar to those between traditional Chi- nese wash painting and classical Westem oil painting;TCM considers the body in its entirety,while Westem medicine focuses     

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NBS： National Economy Facing Two Major Pressures,Gao Hucheng： China to Adjust Foreign Trade Policy,Zhou Zhengqing： Ensuring Stable Growth of the Stock Market.     

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BOCOG： US $20m Net Profits Expected;Ministry of Commerce： Foreign Investment for Regional Development Welcomed;     

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Shang Fulin: Chinese Stock Market Is Not Overheated When commenting on the questionof the unexpectedly bullish Chinesestock market, Shang Fulin, head of theChina Securities Regulatory Commis-sion (CSRC), stated that the rise doesnot indicate an overheated stock mar-ket. He said that what is actually at is-sue are shortcomings in the basic market     

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Yi Gang： Zero Interest Rate Not a Good Choice for China;Chen Deming： China to Fight Trade Protectionism;CASS： Changing European Perspectives on China Bring Uncertainties to Sino-EU Relations     

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Fon Gong： Don＇t Look Down on Shoes and Socks
＂The current crisis has taught us a bitter lesson - return to industry and don＇t look down upon shoes and socks,＂ Economist Fan Gang called on domestic enterprises to go back to heaw or light industries. ＂We attached too much importance to the idea of catching up with the U.S. Many of our entrepreneurs, therefore, turned their noses up at shoes and socks, cement and iron.＂ He reiterated that financial and service trades should retain a fixed ratio relative to industries, ＂As a developing country, we cannot disregard that ratio and blindly develop high-end services with the aim of surpassing developed countries, That would be another trap.＂     

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Energy Expert:ExcessiveGDP Growth MayPrevent Realization ofEnergy-Saving GoalAccording to Zhou Fuqiu,depu-ty director of the Energy E ciencyCenter of the Energy Research In-     

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Zhou Xiaochuan： Calls for New International Reserve Currency;Hu Xiaolian： No Signs of Serious Capital Outflow;Yao Jingyuan： Rebound in Waste Metals Price a Sign of Economic Recovery.     

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正"The way that the Chinese conceive of themselves in the world is very dif erent from the Western tradition I imagine that most people think that as China rises it will be a bit like the U.S.in some shape or form