CHANGE for a New Economic Structure？

Opportunity in the financial crisis？
For a long time, China＇s fast economic growth is heavily dependent on growth of exports, particularly dependent on exports of low value-added, low technological products. Although the policy-makers and scholars are aware of the importance and necessity of industrial structure improvements since 1992, it is hard to have a real incentive to promote economic restructuring under rapid economic growth.     

Domestic Demand Dancing

In order to offset the negative impact of the global economic environment on China, flexible and cautious macroeconomic policy are needed to respond to complex and variable situations. China is to adopt a proactive financial policy and an appropriately relaxed currency policy, and to unveil stronger measures to expand domestic demand. The construction of infrastructure and projects closely linked to people＇s livelihood, ecological environmental construction projects and post-disaster reconstruction projects will speed up this year. Raising the income level of rural and urban residents, particularly that of the low income groups is a vital task of the year. Series measures carried out recently are all aiming at stimulating China＇s stable and rapid economic growth.     

Energy Saving,Environmental Protection：Top Priority in China＇s Development——Exclusive interview with Dr.Yonglong L,Secretary-general,Chinese Committee for SCOPE（Scientific Committee on Problems of the Environment/ICSU）.

Energy saving,emission reduction and economic development are major issues China has to meet in building a harmonious society.On one hand,China should pursue a sustainable,fast and sound economic development,on the other hand,she should try to decrease the overuse of energy resources and the environmental problems caused by the rapid economic growth. In this regard,on June 24,the Standing Committee of National People＇s Congress deliberated the draft of Energy Saving Law,according to which China is to take“resources saving”as a basic national policy.This is a key issue to the long-term benefits of China.With relevant questions,China＇s Foreign Trade interviewed Dr, Yonglong L（？）,Secretary-general,Chinese Committee for SCOPE（Scientific Committee on Problems of the Environment/ICSU）.and Research Professor at the Chinese Academy of Sciences. Let＇s listen to Dr.L（？）＇s comments with wisdom.[第一段]     

Energy Saving,Environmental Protection:Top Priority in China's Development——Exclusive interview with Dr.Yonglong L,Secretary-general,Chinese Committee for SCOPE(Scientific Committee on Problems of the Environment/ICSU).

Energy saving,emission reduction and economic development are major issues China has to meet in building a harmonious society.On one hand,China should pursue a sustainable,fast and sound economic development,on the other hand,she should try to decrease the overuse of energy resources and the environ- mental problems caused by the rapid economic growth. In this regard,on June 24,the Standing Committee of National People's Congress deliberated the draft of Energy Saving Law,according to which China is to take"resources saving"as a basic national policy.This is a key issue to the long-term benefits of China.With relevant questions,China's Foreign Trade interviewed Dr, Yonglong L(?),Secretary-general,Chinese Committee for SCOPE(Scientific Committee on Problems of the Environment/ICSU).and Research Professor at the Chinese Academy of Sciences. Let's listen to Dr.L(?)'s comments with wisdom.     

三论城市金融生态——中国金融网总裁何世红

Financial Ecology is the Foundation of Urban Development. Urban development hinges on re- sources,such as agricultural resources, industrial resources.When a city reaches a certain level after one or two decades of growth,city managers must look for a new economic growth point,a long-term capital resource to sustain the develop- ment,and the liquidity of this capital resource relies on the financial environ- ment.     

China GDP Growth Will Surpass 6% in 2020

The last lap of a decade-long race We expect China to set a growth target of around 6%for 2020.The recent Politburo meeting confirmed that the government is unlikely to drop the target of doubling 2010 GDP by 2020,a year before the 100th anniversary of the Communist Party.This requires minimum growth of 6.1-6.2%in 2019-20,according to our and official calculations.While GDP growth rates up to 2018 are likely to be revised based on the latest economic census,we believe the upward data revisions will be marginal and insufficient to meaningfully lower the 2020 growth target.     

Global Report on International Trade and Investment Risk Indexes of 100 Countries [ITIRI 2006]

After reaching a peak in 2004,now the world economic growth is turning to a downward process of 8-year-round economic cycle in which the rate of growth appears to slow down distinctly. Hence the global international trade and investment risks will also generate new changes.     

Financial institutions requested to back industrial rebalance

Monetary policy should be made to meet multiple objectives rather than focus only on fighting inflation, Zhou Xiaochuan. governor of the People＇s Bank of China, the central bank, said on December 22. China＇s monetary policy covered four considerations, Zhou said at a forum on development and reform in China＇s financial sector in Beijing. referring to low inflation, economic growth, employment and balance of international payments.     

Hebei Sets Sights on Coastal Economy

Hebei Province is setting its sights on the economic development of its coastal area and the gtate Council has officially approved the development plan. "The Hebei Coastal Area Development Plan,upgraded to a national strategy,is a great event in Hebei's history.The province will make full use of this advantage and make itself an important growth center in Bohai Bay," said Zhao Yong,deputy governor of Hebei,at a press conference organized by the State Council Information Office on Dec.1.     

Keywords in 2009--REVIVAL PLANS,Ten Key Sectors Benefit？

As we reach the end of a miserable 2009,signs are mounting that the world economy is stirring back to life.China,as we can see,has been doing a .good job throughout the whole year compared with other financially bedraggled countries.The annual targeted economic growth of 8%is expected to be achieved without doubt.Behind the figure of 8%,more facts need to be highlighted.Series of revitalizing plans on key industries have contributed a lot to domestic economic recovery. China＇s export,due to slow recovering world economy,is still in the long time trough phase.Capital and market are always top concerns for Chinese entrepreneurs.While the world is seeking cooperation on climate change and new energy,China adamantly pledges to oppose and reject trade protectionism.As Confucius said,＂Consider the past,and you shall know the future＂,Special Report this issue picks the most frequently cited keywords of 2009,to reflect back and to look forward.     

China's Slowing Economy in H1

China's economy in the first half of this year is slowing to a moderate growth,against the backdrop of the complicated and volatile economic environment at home and abroad.     

China's Industrial Economy Rises Amidst Diffculties

“China's Industrial production is on the steady rise,though confronted with the tightening external economic environment,” according to a recent report by the Ministry of Industry and Information Technology (MIIT).The industrial value-added output during the January-July period rose 14.3 percent year on year.Since the second half of last year,the industrial economy has been keeping a smooth growth.The industrial value-added output in the first and second quarter of this year climbed 14.4 and 14 percent respectively.Generally,there is no drastic fluctuation in the industrial economy.     

2012 State of American Business in China

Amid rising costs and moderating economic growth,there is increasing urgency for China to enact market reforms in order to transition to a more innovative and sustainable economic model,according to the 2012 State of American Business in China White Paper released by the American Chamber of Commerce in China (AmCham China). The annual White Paper,now in its 14th edition,is written by representatives from over 1,200 member companies of AmCham China.It outlines key developments and challenges across a wide range of industries in which US member companies operate in China,from agriculture to financial services to retail It also contains suggestions for both the US and Chinese government on how to improve the business climate.     

Huangshan, Approach to Internationalization --Interview with Wang Fuhong, NPC Member and Party Secretary of Huangshan City

In his government work report, Premier Wen Jiabao brought up the ＂24 words＂ principle this year, in which ＂expanding domestic demand and increasing capital growth＂ is an important one. Premier Wen pointed out that we should give full play to the domestic demand, especially the consumption demand a leading role in the economic growth. Secretary Wang Fuhong said in this interview that in order to exert all the positive influence of consumer demand on economic growth,     

Energy Saving ,Environmental Protection :Top Priority in China's Development——Exclusive interview with Dr .Yongling Lü,Secretary-general ,Chinese Committee for SCOPE(Scientific Committee on Problems of the Environment/ICSU).

Energy saving emission reduction and economic development are major issues China has to meet in building a harmonious society. On one hand, China should pursue a sustainable, fast andsound economic development,on the other hand, she should try to decrease the overuse of energy resources and the environmental problems caused by the rapid economic growth.     

The Russian-Chinese Bilateral Trade Faces Severe Challenges in 2009

＂In 2008, though the economic and trade relations between Russia and China made progress, the slowdown of economic growth is still worrying. It could be said that 2008 was a watershed for bilateral economic development and trade, and in 2009 the bilateral economic environment will face severe challenges.＂ Mr. Sergey Tsyplakov, Trade Representative of the Russian Federation, reported on February 12, at a conference in Beijing.     

Sino-Latin American Trade, Closer Tie

The financial crisis has provided a new opportunity for Sino-Latin American cooperation. In the past few years, China＇s economic ties to Latin America have witnessed comparable growth： from 1993 to 2003, China＇s trade with Latin America increased by 600 percent. Chinese president Hu Jintao set the mark for increasing trade with Latin America to US$100 billion by 2010, a goal easily met when trade surged to US$102.6 billion in 2007, which represents a 42.6 percent increase from 2006. In the first nine months of 2008, it was already up 52 percent from the same period 2007. It is widely believed that China and Latin America share the same pictures in the field of economic development, and increased relations between the two sides are mutually beneficial. Commented on the just-issued Chinese policy paper on Latin America and the Caribbean Region, the first on this topic, Jiang Shixue, vice president of the Chinese Association for Latin American Studies said the document is a clear indication that China is willing to promote Sino-Latin America ties, which will be focused on economics and trade.     

Opportunities for A Low Carbon Future-- China＇s Clean Revolution II

Despite economic downturn, China＇s domestic markets continue to scale up low carbon technology. A new report that was released in Beijing in August by the Climate Group shows that in an incredibly short time China has taken the lead in the race to develop and commercialize a range of low carbon technologies. On the back of ambitious government policies and a new breed of entrepreneurs, Chinese businesses are amongst the top producers of electric vehicles, wind turbines, solar panels and energy efficient appliances. Even with this growth, the opportunities for Chinese and foreign companies are huge. A successful agreement in Copenhagen later this year will open the door to further collaboration and growth.     

The Sustainable Utilization of FDI Policy

FDI is one of the most important factors for China economy
China has achieved high economic growth for a prolonged period of time. Academic researchers have tried alternative explanations for this miraculous growth. It is found that both export and FDI have a strong and positive effect on economic growth. The results suggest that two policies adopted in China are useful for other developing and transitional economies： export promotion and adoption of world technology and business practices.     

Mexico： A Golden Opportunity

Mexico is the second largest producer of silver in the world and is ranked ,among the top 12 countries in terms of production of eighteen types of minerals. It has become one of the most internationally competitive countries for mining at the same time as the sector has taken on a key role in the country＇s own economic growth. According to the report from Behre Dolbear published in 2010, Mexico was the world＇s fourth-best investment destination for mining among a 25-country-list and in first place regarding the fiscal regime. Meanwhile,