[Abstract]The county economy is the foundation of the national economy because a prosperous county will bring wealth to the ordinary people and the country. Since the beginning of the new century, some counties and cities have built a new industrial city and experienced significant progress, which has become the highlight of China’s county economic development. The industrial new city model meets the need of the high-quality development in the new era and has six major characteristics, namely, institutional innovation, concept innovation, investment innovation, service innovation, industrial innovation, and layout innovation. In the next step, we should improve the new industrial city model and promote a steady and healthy development of the county economy.
[Abstract]The United States has provoked a trade war and consequently, China has taken necessary responses in a timely manner. According to the information released by the Ministry of Agriculture and Rural Affairs, Chinese companies have stopped purchasing US soybeans since China imposed a 25% tariff on US soybean on July 6. China is fully capable of filling the gap caused by the reduced imports of US soybean through the following measures: diversifying the imports of soybean, adjusting feed formula to reduce the amount of soybean, increasing the supply of other edible vegetable oils, revitalizing China’s soybean industry, and increasing domestic soybean production.
[Abstract]As the US mid-term election is approaching, the competition between the Democratic and Republican parties has entered the final sprint phase. If the Democrats want to retake both houses of the Congress, it must add 23 seats in the House of Representatives and 2 seats in the Senate. From the result of the primaries, we can see that the Democrats has the potential to retake the House of Representatives, and the Republicans also have the possibility of retaining its status at the Senate. The mid-term election is highly valued by the two parties and experienced the strongest competition. This result of the primary election will help us to predict the outcome of the final battle between the two parties.
[Abstract] Recently, China Center for International Economic Exchanges held the 111th Monthly Economic Talk under the theme of “The Current Financial Risks and Countermeasures”. Li Deshui, Deputy Director of the CCIEE Academic Committee and former Minister of the National Bureau of Statistics, chaired the meeting. Xu Hongcai, Deputy Chief Economist of CCIEE, Zhang Yingqiang, Associated Researcher of the Department of Industrial Planning, and Dr. Tan Jun of the Information Department, delivered speeches respectively.
[Abstract]The Sino-Japanese relations has continued to improve and gone back to the right track in 2018. On the occasion of the 40th anniversary of the conclusion of the Sino-Japanese Treaty of Peace and Friendship, frequent high-level visits and civil exchanges have been conducted between the two countries. Recently, the research team of “China-Japan-South Korea Economic Development Cooperation in the New Era” held a seminar to discuss the new opportunities facing the Sino-Japan political and economic relations, key areas of economic and trade cooperation, and uncertainties. Scholars and experts from the Ministry of Commerce, the Ministry of Foreign Affairs, Chinese Academy of Social Sciences, Tsinghua University, and CCIEE conducted in-depth discussions.
[Abstract]Recently, China Center for International Economic Exchanges held the 110th Monthly Economic Talk under the theme of Analysis of the Sino-US Trade Conflicts. Xu Hongcai, Deputy Chief Economist, presided over the meeting. Wei Jianguo, Vice Chairman of CCIEE, Chen Wenling, Chief Economist, and Dr. Zhang Monan gave speeches on such issues as the impact of the Sino-US trade conflicts.
[Abstract]Recently, China Center for International Economic Exchanges held the 109th Monthly Economic Talk under the theme of Analysis of China’s Economy in the First Half of the Year. Zhang Dawei, Vice Chairman and Secretary-General of CCIEE, Chen Wenling, Chief Economist of CCIEE and Deputy Director of the Executive Board, and Xu Hongcai, Deputy Chief Economist of CCIEE delivered their speeches respectively.
[Abstract]Recently, China Center for International Economic Exchanges held the 108th “Monthly Economic Talk” under the theme of “Discussion on Personal Income Tax”. Jia Kang, Chief Economist of Huaxia New Supply Economics Research Institute, Sun Gang, researcher of the Chinese Academy of Fiscal Sciences, and Liu Zuo, Vice President of the Institute of Finance and Taxation at the Chinese Law Society, delivered speeches on personal income tax reform. Liu Kegu, Deputy Director of the CCIEE Academic Committee, presided over the meeting.
[Abstract] The visit of South Korean President Moon Jae-in to China in December 2017 has not just temporarily brought the China-South Korea relations out of the haze caused by the THAAD system issue, but also created opportunities for the two countries to deepen economic and trade cooperation. Amid the current complicated international situation, it is particularly important to deepen the China-South Korean economic and trade cooperation. We need to seize the opportunities to explore the key areas and paths of bilateral economic and trade cooperation. On June 11, 2018, the research group of “The Trend of Economic Development Cooperation among China, Japan and South Korea in the New Era” held a seminar, at which researchers from different government departments and organizations had in-depth discussions on deepening economic and trade cooperation between China and South Korea, including the Ministry of Commerce, the Ministry of Foreign Affairs, the Chinese Academy of Social Sciences, Beijing Normal University, and the Asian Economic Development Association.
[Abstract]The consultations between the high-level representatives of the Chinese and US governments has eased the tension of the Sino-US trade dispute, however, it will remain the focus of global economic and trade. One of the main problems that triggered this dispute is the huge trade deficit, an excuse used frequently by the US government. The US believes that its trade deficit with China is too big and unfair. In the past 20 years, all the US governments had to raise and emphasize this issue. Under the slogan of “America First” and “Fair Trade”, President Trump regards trade deficit as the top priority of the Sino-US economic and trade relations, and made an “offer” to reduce the trade deficit by $50 billion or even $200 billion. What is the real reason for the huge US trade deficit? The clarification of this issue will help us to better understand and control the Sino-US trade disputes and promote a stable development of the bilateral economic and trade relations in the long-term.
[Abstract]Automatic transmission is the core technology of the automobile powertrain and one of the most valuable components in the automobile industry chain, accounting for 10%-20% of the total costs of building a car, second only to the engine. Nonetheless, China’s automobile industry is relatively weak in this aspect and the market is basically monopolized by several international giants, such as Japan’s Aisin, Gart, and ZF Group of Germany. In recent years, the domestically developed automatic transmission technology has entered a mature stage and has been widely applied in China’s automobile industry, such as the 8-speed automatic transmission (8AT) technology of Shengrui Transmission, and the Continuously Variable Transmission (CVT) technology represented by Wanliyang. The 8AT gearbox independently developed by Shengrui Transmission has been supplied in batches in various models such as Jiangling Landwind, Beiqi Yinxiang, Zotye Automobile and Lifan Motor. It is the fourth company in the world to produce 8-speed AT gearbox and the company is expected to transform itself from being a follower to a leader in this field. At the same time, the international giants represented by Aisin and Jatco have chosen to enter into joint ventures with domestic car manufacturers and establish a binding cooperation with Chinese suppliers, with the intention to contain China’s development of independent core technology.
[Abstract]In early April, Alessandro Nicita from the United Nations Conference on Trade and Development, Marcelo Olarreaga from the European Research Center for Economic Policy Research, and Peri da Silva from the Kansas State University jointly wrote the article, pointing out that there are more and more signs indicating that the multilateral trading system may not be able to avoid the outbreak of a trade war. If all countries shift from cooperative tariffs within the World Trade Organization (WTO) to non-cooperative tariffs outside of the WTO, the trade war will make all countries to build up tariff barrier, limit the entry of foreign goods into domestic markets, and completely rely on their domestic market. All these will lead to an increase of 32% in global average export tariff and consequently, no one will be able to win the trade war.
[Abstract]Recently, China Center for International Economic Exchanges held the 106th Monthly Economic Talk with the theme of “Analysis of the Chinese and International Economy in the First Quarter.” Xu Changchun, researcher of the Strategic Research Department at CCIEE, and Zhang Huanbo, Researcher of the Economic Research Department delivered speeches. The meeting was chaired by Xu Hongcai, Deputy Chief Economist of CCIEE.
[Abstract]It has been 40 years since China started its reform and opening-up in 1978. 40 years seems to be very short, but the rapid growth for 40 consecutive years is actually very long. China has inadvertently created a miracle in the history of world development: a huge economy with a population of more than 1 billion people (the total GDP ranks second in the world, and accounts for about 15% of the world’s GDP) has maintained growth for 40 consecutive years and has reached an annual average growth 9.5%. More than 1 billion people have been lifted out of poverty and started to enjoy a fairly comfortable life. The average life expectancy of the population has increased from 67.9 years in 1981 to 76.5 years in 2016! How did such a development miracle happen? What did the Chinese economy do right? Leaders and economists from many countries have asked the same question.
[Abstract]On April 9, Peter Navarro, director of the White House National Trade Council published an article in the Financial Times, claiming that 3.4 million jobs were lost between 2001 and 2015 due to the trade deficit with China. This viewpoint comes from the research reports of many American think tanks and has been widely quoted by U.S. officials. In particular, Robert Scott from the Economic Policy Institute, issued many influential papers. However, Scott’s research method is obviously wrong, and hence the conclusions failed to withstand close scrutiny.
[Abstract]After General Secretary Xi Jinping proposed to explore the construction of Free Trade Ports (hereinafter referred to as Freeport) in the 19th National Congress report in October 2017, many cities and regions have started to make plans for the construction and submitted them to relevant national departments, especially the cities or provinces whose plan of establishing a free trade pilot area have already been approved. Nonetheless, there are still some problems in the plan and construction of the free ports. For example, the different understanding of the concepts and connotations, administrative restriction, lack of policy innovation, and inaccurate positioning of functions and industries. In order to promote the construction of the free port with Chinese characteristics, we should adhere to the principles of “serving one goal, breaking four imprisonments, handling five relationships, and strengthening the six major constructions.”
[Abstract]Recently, the U.S. President Trump signed the “U.S.-Taiwan Travel Act,” which has undermined the political foundation of the U.S.-China relations, complicated the Taiwan Strait situation and increased the risk of the cross-strait relations. This is another example of America’s pro-Taiwan right-wing forces promote the U.S.-Taiwan relationship, following the telephone conversation between Trump and Tsai Ing-wen, and the 2018 National Defense Authorization Act (NDAA) that would require the U.S. Navy warships to conduct port calls in Taiwan. Nonetheless, everything has two sides. This combination of the complex internal and external factors has changed the public opinion in Taiwan. As mainland China’s “anti-independence and promotion of reunification” start to show the positive effect, and Tsai Ing-wen is likely to be re-elected, the Taiwan authorities may propose a “new consensus” to improve the cross-strait relations in order to minimize risks.
[Abstract] Recently, CCIEE held the 105th Monthly Economy Talk under the theme of Interpretation of Government Work Report, Han Wenxiu, Deputy Director of the Research Office of the State Council, and Wang Huiyao, State Councilor, and Chairman of Center for China and Globalization, delivered their speeches. Zhang Xiaoqiang, Executive Vice Chairman of CCIEE, presided over the meeting.
[Abstract]The trade relationship among China, Japan, and Korea has come out of gloom and shown a clear sign of improvement. How can we maintain this kind of momentum? What are the negative factors? How can we make breakthroughs? In order to answer those questions, the research team of “China-Japan-Korea Economic Development and Cooperation in the New Era” held a seminar on March 6th, 2018, at which renowned experts from the Chinese Academy of Social Sciences, China Foreign Affairs University, and China Institutes of Contemporary International Relations expressed their opinions.
[Abstract]Recently, CCIEE held the 104th Monthly Economy Talk under the theme of “Current U.S.-China Relations.” Chen Wenling, Chief Economist of CCIEE, chaired the meeting. Jin Canrong, Professor and Vice President of the School of International Relations at Renmin University of China, Ruan Zongze, Executive Vice President of the China Institute of International Studies, Lv Xiang, a researcher of the Institute of America Studies at the Chinese Academy of Social Sciences, and researchers of the U.S.-China research project at CCIEE also expressed their opinions on the U.S.-China relations.
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