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 p ...

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 2018. 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 througho ...

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 environment ...

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 ...