Until now, it is
clear that China will continue the Opening-up policy to the outside world . This April, at Boao Forum
for Asia, Chairman Xi emphasized that the opening-upis the second reform for
China. The Opening of China's economy adapted with the need of Chinese people
for development, innovation and well-being. Xi said, 40 years of opening-up
Seven months have passed
since 2018. The national and local economic situation has been announced in the
first half of the year, and the intensified trade friction between China and
the United States has also begun. In the face of the new situation, the State
Council has begun to take a relaxed policy. It is believed that the central
government's ma ...
Against the backdrop of the U.S.-China
trade frictions, the Bureau of Industry and Security (BIS), which is under the U.S.
Department of Commerce, made changes to part 744 of the Export Administration
Regulations (EAR) by adding 44 Chinese entities to its original export control
list. These regulations came into effect on 1 August
According to th ...
On 31 July, the Political Bureau of the
Communist Party of China Central Committee held a meeting, which was presided
over by its General Secretary Xi Jinping, to scrutinise the current economic
situation as well as to organize the economic activities for the second half of
the year. The meeting stated that, on the whole, the economy was stable
The Executive Meeting of the State Council on July 23 signifies that
the fundamental of China's macro policy relaxation has been basically
established. The State Council has proposed to avoid 'massive stimulus' based on the changes in the situation to adjust
and fine-tune the direction to cope with the uncertainty of the external
Industrial policy is a common feature of semi-developed countries. Developed countries and complete market economies usually do not need to rely on industrial policies, and even when they do have industrial policies, those policies differ from those of semi-developed countries as the former focus on the construction of market systems rather than on concrete ...
Chen Gong, chief researcher at leading Chinese private think tank Anbound, tells GlobalRMB that the excessive caution of onshore authorities has made the pace of RMB internationalization far from ideal.
By Paolo Danese
How do you assess the progress of the RMB internationalization agenda?
The internationalization of the renminbi was suggested by Anbound, ...
With the ongoing trade friction between China and the United States, the Port of Los Angeles has added its voice to those calling for a negotiated settlement rather than imposing tariffs, believing the latter could halt the port's booming business built up over the past two fiscal years.
Amid the ongoing escalation of the trade war between China and the ...