[Abstract]In 2017, the world economy has become very complicated and changeable, together with the further involvement of geopolitical and geo-economic patterns, we are expecting a more unbalanced, uncertain and unpredictable world. In spite of the bump and tangle, nonetheless, the world economy will move forward with the following new characteristics and trend. Firstly, the coexistence between low economic and trade growth, between low interest rate and inflation. Secondly, the appreciation of the US Dollar (USD) will coexist with the depreciation of other non-USD currencies, the coexistence between high level of debt and leverage, and also the higher level of trade standard will coexist with irrational trade protectionism. Last but not least, the coexistence between a new round of structural reform and industrial transfer, and between the decrease in population in absolute poverty and the increase in population in relative poverty.
[Abstract]In order to promote supply-side structural reform, especially cut excess steel capacity, Baosteel Group has tried valiantly in many aspects based on its own advantages, like eliminating outdated production capacity, optimizing production layout, improving weak links, reducing costs, assets disposal, debt repayment and personal re-settlement. The group has accumulated a lot of good experience but also encountered some problems. The following suggestions have been made according to the filed investigation at Baosteel group. First of all, the group should play a leading role in cutting excess capacity. Also, a fair and competitive market should be created to allow the market to cut excess capacity. Secondly, the group can explore the reorganization of high-quality assets to solve its financing problem. Thirdly, to deal with the personnel replacement properly, the group needs to strengthen the leadership of the CPC (Communist Party of China), let the enterprise, government, social organizations and media to work together and come up with practical solutions to promote re-employment. Lastly, the group should pay attention to the connectivity and supporting le of different policies.
[Abstract]Recently, Europe has become the hardest-hit area of international terrorism, for instance, the rising threats of terrorism, the co-existence of traditional ethnic separatist terrorism and Islamic terrorism. Moreover, localized terrorism and newly emerged cyber terrorism have also become the new feature of international terrorism. In the future, terrorism is likely to remain in Europe for quite a long time due to various factors, such as the non-integration and diversity in ethnic groups, cultures, religions, the uncertainties and social conflicts intensified by financial crises, and the global anti-terrorism campaign. Therefore, Europe’s battle against terrorism has a long way to go.
[Abstract]China-Singapore relationship has sunk to low ebb due to such factors as South China Seas issue, the seizure of Singapore’s military vehicles in Hong Kong and the battle of public opinion. America’s plan to withdraw from TPP has interrupted the existing development strategy of Singapore. Apart from that, the current economic downturn in Singapore and China’s acceleration in the construction projects in Gwadar Port and Melaka Gateway made Singapore under great pressure to actively improve its relationship with China and engage deeply in the Belt and Road initiative. China welcomes Singapore’s participation in the initiative and is willing to work with Singapore to properly handle issues which have affected China-Singapore relationship recently. Hopefully, Singapore can become an important fulcrum of the initiative. In order to achieve that, China and Singapore should draw experience from the “China-Singapore: Chongqing Connectivity Initiative(CCI)” and promote the “soft connectivity” model of the Belt and Road initiative so as to advance the construction of the initiative continuously.
【Abstract】 Founded in 1962, the German Institute for International and Security Affairs (SWP) is one of the largest think tanks in Germany and Europe. As an independent academic think tank, its bottom-up policy recommendation formation mechanism, research-focused organizational structure and internal management model and its approaches for comprehensive international exchanges have provided useful experience for the development of China’s think tanks.
【Abstract】 According to the general requirements of the supply-side structural reform and the characteristics of the industry, the supply-side structural reform of the oil and gas industry need to be moved forward in six aspects during the “13th Five-Year Plan” period. First, properly manage the excess capacity in oil refining and exploration; second, effectively reduce the costs of oil and gas production and utilization; third, carry out market-oriented reform of the oil and gas industrial chain in an orderly manner; fourth, strengthen the building of natural gas pipeline network and storage depots; fifth, increase quality and efficiency and lower costs through scientific and technological innovation; and sixth, encourage oilfield service companies to go global and step up cooperation with overseas energy and mining companies.
【Abstract】 The Paris Agreement is a milestone in global climate governance. It establishes an emission reduction system that combines a “bottom-up” target-setting mechanism and a “top-down” rule-setting mechanism, and sets up an updating mechanism that takes stock of the overall progress of global action every five years. It introduces the “1.5 ℃ temperature control target” as one of the climate control goals in an unprecedented effort to manage climate change, and makes the reasonable use of climate funds as one of the three major goals of the Paris Agreement. This said however, there is still something to be desired. For instance, it is difficult to have developed countries fulfill their funding obligations as their emission-reduction responsibility has been watered down, and the problem of how to promote coordinated global action is yet to be resolved.
【Abstract】The goal of the supply-side structural reform in the electric power industry is to establish a fair, open, efficient and transparent market system. There is still some controversy over the reform policy and more specific rules need to be set. There is too much administrative intervention in some areas and barriers between provinces still exist. Therefore, there is a need to speed up the supply-side structural reform in the electric power industry during the “13th Five-Year Plan” period. The following is suggested: improve the top-level design and break up barriers between provinces; sum up the experience of pilot projects and adjust and work out more detailed reform plans in a more timely fashion to ensure that the relevant stakeholders can play within the market framework; speed up the building of the spot market to form a market pricing system; speed up reform of the electricity distribution and sales system and further liberalize the electricity distribution market; establish an effective exit mechanism for surplus electric capacity to prevent systemic risks; properly manage cross-subsidization and the transitional dual-price-track system to ensure electricity supplies for all citizens; and improve the credit environment of the electricity market to build a more sound credit system of market players.
【Abstract】The coal industry occupies an important place in China’s energy production and consumption structure. To reduce its excess production capacity and promote the transformation and upgrading of coal enterprises is a major task of the coal industry both at present and for a period of time to come. To reduce the excess capacity of the industry, we need to strictly control the newly increased capacity, eliminate outdated capacity in an orderly manner, promote the exit of excess capacity, make proper arrangements for redundant workers and strengthen policy support. At the same time, it is important to promote efficient use of clean coal, support the industry’s effort to develop green and circular economy, expand the use of smart technology and achieve diversified development.
【Abstract】 To move industries upward to the medium-to-high-end of the industrial chain, the government needs to set the right targets, adjust macroeconomic management methods and change policy support modalities and priorities, with a view to creating a sound market competition environment. More attention should be given to reducing operation costs of enterprises, providing public services, regulating market competition and guiding the industries to be more demand-oriented, so as to form a more reasonable industrial layout and build an industrial system that is marked by regional complementarity and coordinated development.
【Abstract】 The current world economy is again at a critical juncture, facing such problems as sluggish economic recovery, the waning of growth momentum generated by the past scientific and technological advancement and slowdown in trade and investment growth. Against this backdrop, to enhance industrial cooperation between China and the EU, two major economies in the world, will not only improve their respective welfare. It will also, by boosting production on the supply side, push the world economy to shift more quickly from the old growth drivers to the new ones. This is of great importance for building an innovative, dynamic, interconnected and inclusive world economy.
【Abstract】 To promote the establishment of a global cyberspace governance system, it is suggested that China establish and improve the strategic layout of national cyberspace, accelerate implementation of the strategy of “enhancing national strength through the Internet”, actively carry out “digital diplomacy” and clearly put forward China’s “multi-stakeholder” governance model, and vigorously develop the “digital economy” to enhance China’s influence in cyberspace. We need to build a new type of interdependent cyberspace relationship with the US, and establish an independently controllable cyberspace system to strengthen China’s information security. We also need to build a new global “digital economy” governance system to lead the development of a new global economy, establish and optimize a new “digital economy” system to promote reform of the administrative system, build a unified social credit system to create a better environment for the development of the digital economy, and take the initiative to set the cyberspace governance agenda to promote the establishment of a new global cyberspace governance system.
【Abstract】 It is advisable for China to draw on the rich experience of countries like the US, Japan and Germany that have been successful in promoting industrial transformation and upgrade. A study of the transformation and upgrade of such industries as medical instruments in the US, industrial robots in Japan and printing machine in Germany has shown that they are all demand-oriented, committed to developing domestic and international markets and technological innovation-driven development, and have fostered coordinated development with related industries. The government’s industry policies should aim to create a good market competition environment, and provide the necessary support for industrial transformation and upgrade.
【Abstract】 Local governments have steadily increased their support for industrial transformation and upgrade. Guangdong Province is using “dual transfer” to realize its dual goal, namely industrial upgrade in the Pearl River Delta region and creating new growth momentum in the north, east and west of Guangdong. Chongqing is moving from a “conventional manufacturer” towards an “intelligent manufacturer” by developing clusters of new industries. Aiming at innovation-driven development, Zhongguancun is devoted to creating an innovation-based entrepreneurial ecosystem with good results. This said, however, we must be cautious not to follow the beaten track in attracting new investment and businesses, and should work hard to develop industrial clusters and supporting industrial chains. We also need to give play to both the role of the government and the market to help foster high-end industries.
【Abstract】 Recently, Russia’s overall economic situation has stabilized, its production capacity and foreign exchange reserve improving and its foreign economic relations undergoing faster transformation. Yet, Russia is still facing many challenges, such as inflation, sharp drop in household income, worsening foreign trade and large capital outflows. It is suggested that Russia speed up implementation of the advance connectivity projects of the the “Silk Road Economic Belt”, promote the development of cross-border e-commerce, and expand the use of RMB to promote regional economic integration with China.
【Abstract】 The universal electric service is a basic public service. It is also a basic guarantee for the success of the reform to commercialize the electric power system. However, in the process of reform, the universal electric service is facing the problem of unclarified service providers and source of funding. It is therefore urgent to establish a compensation mechanism that centers on a universal electirc service fund and clearly defines the service providers and source of funding, so as to properly address the problem of cross-subsidies, meet the demand for universal electric service, and promote smooth reform of the electric power system.
【Abstract】Chinese think tanks are at a critical stage of development. Research and analysis of the growth and development of the world-renowned think tanks will provide good reference for the development of a new type of Chinese think tanks. To that end, we need to step up efforts to create an enabling environment for think tank development, build a think-tank-friendly ecosystem, open up channels to put research findings to good use, establish a modern think tank management system, and strengthen international exchanges and cooperation.
【Abstract】 Recently, CCIEE and Keidanren of Japan co-hosted the Second China-Japan CEO and Former Senior Official’s Dialogue in Beijing. Participants agreed that China and Japan need to further promote trade, investment and financial cooperation. Things that we can do together include promoting regional integration, jointly exploring the third-party markets, developing the Asian bond market, promoting innovation-driven development of the advanced manufacturing and service industries, getting Japan’s “Society 5.0” and “Made in China 2025” an “Internet plus” strategies well connected, and deepening cooperation in infrastructure, energy and resources and environmental protection. By promoting economic cooperation and people-to-people diplomacy the dialogue has played a positive role in facilitating the improvement of political ties between China and Japan.
【Abstract】 Recently, there has been an increasing pressure for yuan to depreciate against the US dollar, which has led to a serious imbalance in the foreign exchange market and a continued outflow of capital. Suggestions on how to defuse the yuan’s risks of depreciation are as follows: first, strengthen policy communications and coordination with the new US government; second, properly guide the foreign exchange market expectations to maintain the basic stability of yuan; third, mount a targeted campaign against speculators in the foreign exchange market to deter speculative acts; fourth, increase the variety of foreign exchange transactions to promote two-way fluctuations of the exchange rate and internationalization of the foreign exchange market; fifth, give full play to the role of offshore market to promote benign interactions between the onshore and offshore markets; and sixth, prudently open up the capital and financial accounts.
【Abstract】 There is broad convergence of interests between the “Belt and Road” (B&R) initiative and the “Juncker Plan”. For example, the outbound-going Chinese enterprises can help meet the infrastructure needs in Central and Eastern Europe, thereby improving connectivity between China and Europe. China’s import demand can be matched up with EU’s SMEs’ export capacity to help EU solve its unemployment problem. China’s production capacity can be combined with EU’s technology to jointly explore the third-party markets. Yet, problems such as Brexit, lack of institutional arrangements and EU’s refusal to recognize China’s full market economy status are challenges we face in docking the two initiatives. To get the two well connected, we need to build a multi-tiered cooperation mechanism, identify priority areas, foster cross-border value chains, build investment and financing platforms, and facilitate implementation of key projects.
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