[Abstract]In November 2018, Chen Wenling, chief economist of the China Center for International Economic Exchanges(CCIEE), led a delegation to Pakistan participating in the Fourth China-Pakistan-Afghanistan Forum and conducted a fact-finding trip on the building of the China-Pakistan Economic Corridor. The research team visited the Chinese Embassy in Pakistan, the Pakistan-China Institute, the Pakistani Ministry of Energy, the Pakistan National Television and other institutions, exchanged their views with government officials, think tank scholars, entrepreneurs, and the media. Chen Wenling was interviewed by Pakistan’s national television station CPEC Time, which has 120 million viewers in Pakistan. The research team found that the building of the China-Pakistan Economic Corridor has made significant progress, and a broad consensus has been formed. However, there have also been some problems and challenges in the building of the corridor. We should comprehensively assess the progress, draw experience in a timely manner and properly plan the responses.
[Abstract]The long-arm jurisdiction of the US courts means that the US courts will exercise jurisdiction if they believe that the actions of the parties have an impact on the United States, regardless of the parties involved and where did it happen. They will do so when one of the following conditions is met: the companies conduct business or have branches in the United States; the parties are outside of the US but they use high-tech products from the United States, such as chips, banking payment systems, and communication equipment; or the US courts believe that the parties have violated human rights or made bribes. The United States has used long-arm jurisdictions to weaken Chinese companies such as ZTE, Jinhua and Huawei or their key employees, posing a huge threat to China’s overseas interests and thus, we should take effective measures to deal with them.
[Abstract]With the rapid development of the new generation of information technology, the digital high value-added services is growing rapidly. Digital TV is replacing analog TV on a global scale, and the integration of the three networks has become the development direction of the digital TV industry. In recent years, the company Startimes has developed the African digital TV market and became one of the fastest growing and most influential digital TV operators in the African continent. It has expanded the new channels of cultural exchange and service trade between China and Africa and promoted the connectivity in various fields between China and Africa, which is will surely help the building of the Belt and Road.
[Abstract]The 19th National Congress of the Communist Party of China proposed to make China a socialist modernization power in the middle of this century. A strong financial power is an important guarantee for building an economic power and the level of currency internationalization symbolize a country’s international financial strength and status. The RMB internationalization can reduce the cost and risk of China’s participation in international economic and financial activities, rationally optimize global resource allocation, and enhance China’s influence and status in the global financial governance system. Based on estimation, the international influence of the RMB is expected to overtake the British Pound and the Japanese Yen by 2035, making it equivalent to the euro; the share of RMB in the International Monetary Fund (IMF) Special Drawing Rights (SDR) will be 20% and 15% in global trade settlement. By 2050, the RMB will overtake the Euro and become the world’s second-largest currency after the US dollar, the share in SDR will be approximately 30%, 30% in global trade settlement, and 25% in the world’s official foreign exchange reserves.
[Abstract] Joseph Nye proposed and established the theory of soft power in the late 1980s. Since then, Chinese scholar Wang Huning and others have begun to pay attention to the theory of soft power and now, the soft power theory has gradually become an important theoretical resource for formulating national and regional development strategies. The theory of socialist soft power with Chinese characteristics is formed by the combination of the basic principles of Marxism with the practice of the Chinese revolution, construction, and reform. Mao Zedong Thought, Deng Xiaoping Theory, the “Three Represents”, the scientific development concept, and the socialism with Chinese characteristics in the new era of Xi Jinping provide great guidance for the study of socialist soft power theory with Chinese characteristics.
[Abstract]By combining the medical insurance and nursing insurance together, Japan has effectively improved the environment for the elderly, provided them with great convenience, solved the supply-demand related problem in caring for the elderly and improved their quality of life significantly. Therefore, a systematic analysis of Japan’s medical and nursing experience will help us to establish a new type of responsibility division between the government, caring institutions, and medical institutions. Furthermore, it will help us to optimize the medical treatment-nursing policy and provide a significant reference for the establishment of a long-term care system in China.
[Abstract]Accelerating the building of an innovative country is an objective requirement for build a moderately well-off society in an all-round way. At present, China’s economic strength, scientific and technological input, research and development level are gradually catching up with with the most developed economies and relying on technology import has become difficult for meeting the needs of its economic and social development. At the Fifth Plenary Session of the 18th CPC Central Committee held in October 2015, General Secretary Xi Jinping pointed out that China’s ability to innovate is not strong enough, the level of scientific and technological development is relatively low, the support made by science and technology to economic and social development is insufficient, and the contribution rate of science and technology to economic growth is far below the level of developed countries. The report of the 19th National Congress of the CPC proposed to establish a market-oriented technological innovation system with enterprises as the mainstay, and strengthen support for SMEs’ innovation. Generally speaking, China’s enterprise innovation and development face the following four difficult problems.
[Abstract] CITIC Dicastal Co., Ltd. was established in 1988 and its main business is automotive aluminum wheels. In the past 30 years, it has grown from a small company to a market leader and it produces 60 million aluminum wheels per year. With a global market share of nearly 30%, 48% of domestic market share and more than 50% of its revenue comes from overseas, it has become a globally competitive industry champion. Although the state-owned company is competing in the highly competitive aluminum wheel manufacturing industry, it has become the global champion for 10 consecutive years. An important reason behind the company’s success is to develop a mixed ownership economy with a light asset model.
[Abstract]The Japanese care insurance system was specifically established to address the issue of care for the elderly. The increasing aging population has led to a significant reduction in the young labor force and made it difficult for the Japanese government and families to handle the financial and social burden caused by the aging population. The problem relating to elderly care directly affects the effective operation of the Japanese medical system. Before the implementation of the care insurance system, patients with chronic diseases were hospitalized for a long time and occupied a large amount of medical resources, making it impossible for patients who need immediate treatment to be admitted. As a result, the care of the elderly must be implemented in accordance with the provisions of the authorities or medical institutions, and the right of the elderly to choose their treatment is deprived. In response, the Japanese government has implemented the care insurance system to solve the difficulties in medical insurance, systematically transform the elderly medical care system, and realize the organic unity of the elderly’s health care, medical care and welfare.
[Abstract]The goal of the reform on natural gas prices is to relax the gas source, allow the market to determine price and the government only regulates the price of the distribution network that belongs to the network-type natural monopoly. Significant progress has been made in the reform of natural gas prices during recent years: two national-level trading platforms have been established in Shanghai and Chongqing; the natural gas price of residents and non-residents are determined by the market; and the supervision on the price of the entire industrial chain has been created. It is difficult to coordinate the interests between the upstream and downstream of the natural gas chain. Apparently, this is the price-related problem but actually, it is the problem in the production, supply storage and marketing systems of natural gas.
[Abstract]SME is the major force of the real economy and is vital to the development of China’s real economy. At present, China’s SMEs are faced with increasing operating costs and hence how to reduce their taxes burden and financing costs have become a challenge. In addition to the direct reduction in taxes and fees for SMEs, it is an effective measure to reduce the tax of financial institutions serving SMEs.
[Abstract]Soft power is the ability of a country to use non-mandatory means to persuade other countries to understand and support its values and decision. Countries with strong soft power usually rely on the hard power of the country to demonstrate their development achievements in economy, politics, culture and other fields, so as to export their political and diplomatic ideas or indirectly affect the policy-making process of other countries. In general, the world’s major powers are all focused on developing their soft power and we can learn from their experience to enhance China’s soft power.
[Abstract]China’s natural gas consumption has increased significantly in recent years and its proportion in total energy consumption is steadily increasing. However, China’s production of gas is significantly slower than its growing demand and hence it relies heavily on gas imports to meet domestic consumption. It is expected that the dependence on foreign gas will be close to 50% by 2025. To ensure energy security, China needs to diversify its supply system for overseas natural gas.
[Abstract]In recent years, the internationalization of the RMB has made great progress, and the use of RMB in such fields as pricing and investment has been further increased. Amid the current complicated international and domestic environment, we should promote RMB internationalization in a safe and orderly manner.
[Abstract]At the beginning of this century, China has already begun to promote the transformation of “coal to gas” project, but the progress is rather slow. Since 2016, the “coal-to-gas conversion” has been fully implemented as an important mean of improving air quality in Beijing, Tianjin, Hebei and the surrounding areas. In 2017, the authorities strengthened environmental protection supervision and increased the subsidy for clean heating to speed up the coal-to-gas conversion project. As the main form of energy transformation, the coal-to-gas project is not only important for improving the ecological environment but also the living environment of residents, especially for rural residents. Thus, we need to make comprehensive considerations and promote relevant works in a scientific and orderly manner.
[Abstract]In recent years, Shanghai has made great progress in the reform of state-owned enterprises. In 2017 for example, the state-owned enterprises made an income of 3.22 trillion yuan, a year-on-year increase of 7.8%; total profit was 342.952 billion yuan, increased by 10.2% year on year; and total assets reached 18.03 trillion yuan, an increase of 6.4% year on year. In 2018, the State Council’s State-owned Enterprise Reform Leading Group selected Shanghai as one of the two state-owned SOE reform pilot zones. The analysis of Shanghai’s major innovations and practical experiences will help us to deepen our understanding of the law of state-owned capital reform at the national level.
[Abstract]In July 2016, General Secretary Xi Jinping made important instructions at the Symposium on State-owned Enterprise Reform, saying that we must make the state-owned enterprises(SOE) bigger and better. In October 2017, the report of the CPC party’s 19th National Congress proposed to make the state-owned capital(SOC) stronger and bigger. The evolution of these expressions implies that the CPC central committee is gaining a better understanding of SOE reform and the building of a socialist society with Chinese characteristics. The change from SOE reform to SOC reform can be seen as a major innovation in the theory of state-owned enterprise reform, and will certainly become an important part of Xi Jinping’s socialist economic thought with Chinese characteristics in the new era. To fully understand, interpret and implement this major theoretical innovation is an important task for promoting SOE and SOC reform
[Abstract]The population aging is a great challenge facing both China and Japan and relatively speaking, Japan has entered an aging society earlier than China and hence its successful experience in medical care can provide a useful reference for China. The two countries can use medical care as the entry point to expand cooperation between China and Japan, which will help the two countries to complement each other’s human resources, industry and technology, achieve mutual benefit and win-win results, and provide more benefits for the elderly in China and Japan.
[Abstract]After the US Trump administration announced its withdrawal from the Trans-Pacific Partnership Agreement (TPP), the other 11 TPP members reached a new agreement on changing the TPP to the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP). We should take the following factors into consideration when analyzing the advantages and disadvantages of China’s accession to the CPTPP: the impact on China’s foreign trade and the promotion of the free trade zone strategy; the impact of the influx of foreign goods, capital and technology on relevant Chinese industries after the opening up, especially for the emerging industries; the adjustments China needs to make on the existing legal system and institutional mechanisms in order to fully adapt to the CPTPP standards.
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