Is China Headed for a Debt Crisis?

正AS local government debts pile up,there are concerns about the effects on the Chinese and world economy.To evaluate the risk posed by such debts,the State Council in 2011 and 2013 instructed the National Audit Off ice to comprehensively examine the debt status of regional government bodies.The two audits–one     

对东北亚地区领土争议的战略思考(英文)

Historical experience of resolving territorial disputes in all parts of the world shows that the disputed territory itself has neither the strategic depth nor sufficient maneuvering space. It is hard to make any progress when solely focusing on resolving the territorial issue. How to keep the territorial issue in a controllable and appropriate place has posed a great challenge to the Northeast Asian countries.     

BRICS New Development Bank——Promoting Reform with an All-Win Strategy

正ON July 15,2014,at the 6th BRICS Summit in Brazil,the heads of the BRICS countries signed the Fortaleza Declaration,which announced the founding of the BRICS New Development Bank(NDB)and an emergency reserve fund.The initial authorized capital of the bank will be US$100 billion with a first investment of US$50 billion contributed equally by each of the five member states.At the same time,a US$100 billion contingent     

Japan's Image Further Destroyed

正My daughter,who is now studying for her master’s degree at Japan’s Waseda University,always asks me:most people I meet in Japan are quite amiable,and Prime Minister Abe Shinzo is liked by the Japanese people,so why does China accuse Japan of deviating to the right?Shigeru Ishiba,Secretary General of the Liberal Democratic Party of Japan,who used to be Japan’s defense minister,also posed a question to me during a China-Japan     

China＇s Changing Pattern of FDI

正INWARD investment into China continues to be the highest of any developing economy,at US$101 billion in 2013,according to UN fi gures,but its pattern is changing signifi cantly as the country develops,and this trend will inevitably deepen.In the first decades after the start of China’s economic reforms in 1978,foreign direct investment was primarily     

Will China Overtake the U.S. This Year?

正THE 2011 International Comparison Program(ICP)released by the World Bank in April indicates that China may surpass the U.S.this year as the country with the highest GDP,based on calculations derived from purchasing power parity(PPP).The news immediately gained worldwide attention,especially in major Western media.However,the Chinese government