The U.S.-China Economic and Security Review Commission (USCC) has recently submitted the annual report on strategic competition towards China for the year 2019 to Congress. This report has proposed an overview towards the competition on economy and trade, security, politics and diplomacy between China and the United States in 2019, in addition to carrying out an analysis and evaluation on the development of China and potential effect to the U.S. The report has also suggested the Congress to enact law to prohibit the certain types of Chinese companies to be listed on the U.S stock market. All indications show that the suggestions mentioned in the USCC report are to decouple the U.S. and Chinese financial sector. This report will also serve as a reference point for the future financial war between the U.S. and China.
>>ANBOUND researchers debated that China's economy is likely to follow the path of Japan's economic woes. The problems and troubles that have befallen Japan's economy would happen in China. Here, we list out the similarities and differences of the "Japanese inclination" in Chinese economy. First, both China and Japan have experienced a decline in economic growth. Second, both face large aging populations, but the aging crisis is far more precarious for China than for Japan. Third, both have invested heavily in developing real estate, and suffered from property development. Fourth, both are productivity-oriented that emphasize investment and production, and their manufacturing industries once flourished. Fifth, both have dense urban areas due to lots of industrial zone. Sixth, both are Eastern-culture dominated, with the great influences from the governments. Seventh, the Chinese and Japanese conglomerates enjoy prominence in terms of social status. Eighth, the two societies are basically money-oriented. Ninth, both also have to address issues on various social subcultures, as well as the youth generation. Tenth, the two countries are in the same position of confrontation in global trade. Japan was the first country to suffer U.S. sanctions, and now China has a similar situation.
>>The Fourth Plenary Session of the 19th Central Committee of the Communist Party of China provided important institutional guidance for China's economic development in the future, and stressed the development direction of the market economy as well as China's comprehensive opening to the outside world. The challenge for the future is how best to implement reforms and maintain a steady economic growth against the backdrop of a deteriorating internal and external economic environments. ANBOUND reports noted the relevant decisions set out by the Fourth Plenary Session clarified the essence of the socialist market economy system, and China's economic reform is still going towards the market economy. In the future, China will put efforts on transforming the past market system of "production-based society" to "consumption-oriented" mechanism.
>>ANBOUND senior researcher Mr. He Jun on September 19delivered a keynote speech entitled "China-US Trade War and China's Oil & Gas Security" at the 5th Energy Forum co-sponsored by the National Energy Administration and the Chinese Academy of Engineering. ANBOUND was the only speaker as independent think tank to be invited. Unlike other research institutions attending the Forum, ANBOUND's perspective focuses on the strategy that explained the nature of Sino-US trade friction in terms of geo-competition and its impact on China's oil and gas security.
>>The Communist Party of China Central Committee and the State Council on Thursday jointly issued a directive calling for high-quality trade development. By 2022, China aims to have an optimized trade structure and a notable improvement in trade efficiency, and set up an evaluation system for high-quality trade development. The guideline stressed the need to speed up the development of modern services, especially production-related services, while modern services should be deeply integrated with the advanced manufacturing industry.
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